Call reports 2024
CITIZENS BANK OF THE SOUTH — 2024
What CITIZENS BANK OF THE SOUTH reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 322,340,000 | 312,166,000 | 322,305,000 | 339,234,000 |
| Total loans | 234,503,000 | 237,260,000 | 244,401,000 | 246,798,000 |
| Allowance for loan losses | 3,311,000 | 3,333,000 | 3,353,000 | 3,478,000 |
| Securities available for sale | 48,998,000 | 47,551,000 | 40,503,000 | 44,734,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 282,757,000 | 271,550,000 | 279,808,000 | 295,892,000 |
| Interest-bearing deposits | 167,732,000 | 166,294,000 | 180,341,000 | 184,113,000 |
| Noninterest-bearing deposits | 115,025,000 | 105,256,000 | 99,467,000 | 111,779,000 |
| Equity capital | 38,278,000 | 39,591,000 | 41,153,000 | 42,577,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,441,000 | 9,198,000 | 14,191,000 | 19,426,000 |
| Interest expense | 857,000 | 1,845,000 | 3,056,000 | 4,315,000 |
| Net interest income | 3,584,000 | 7,353,000 | 11,135,000 | 15,111,000 |
| Noninterest income | 351,000 | 693,000 | 1,036,000 | 1,392,000 |
| Noninterest expense | 2,573,000 | 5,130,000 | 7,740,000 | 10,213,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 315,000 |
| Pretax income | 1,317,000 | 2,826,000 | 4,301,000 | 5,980,000 |
| Income tax | 316,000 | 674,000 | 1,015,000 | 1,287,000 |
| Net income | 1,001,000 | 2,152,000 | 3,286,000 | 4,693,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,437,000 | 40,589,000 | 41,723,000 | 43,130,000 |
| Total capital | 42,118,000 | 43,297,000 | 44,486,000 | 45,978,000 |
| Risk-weighted assets | 213,921,000 | 216,065,000 | 220,450,000 | 227,260,000 |