Call reports 2020
CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. — 2020
What CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 223,151,000 | 276,951,000 | 289,465,000 | 291,879,000 |
| Total loans | 150,073,000 | 171,677,000 | 174,568,000 | 164,215,000 |
| Allowance for loan losses | 2,593,000 | 2,713,000 | 2,833,000 | 2,931,000 |
| Securities available for sale | 62,122,000 | 74,556,000 | 99,051,000 | 114,534,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 203,847,000 | 232,453,000 | 241,157,000 | 263,566,000 |
| Interest-bearing deposits | 163,055,000 | 177,988,000 | 186,110,000 | 207,143,000 |
| Noninterest-bearing deposits | 40,792,000 | 54,465,000 | 55,047,000 | 56,422,000 |
| Equity capital | 19,084,000 | 22,437,000 | 22,257,000 | 22,283,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,260,000 | 5,423,000 | 7,719,000 | 9,956,000 |
| Interest expense | 225,000 | 413,000 | 582,000 | 807,000 |
| Net interest income | 2,035,000 | 5,010,000 | 7,137,000 | 9,149,000 |
| Noninterest income | 120,000 | 230,000 | 336,000 | 456,000 |
| Noninterest expense | 1,156,000 | 2,321,000 | 3,566,000 | 5,046,000 |
| Provision for loan losses | 60,000 | 180,000 | 300,000 | 420,000 |
| Pretax income | 1,252,000 | 3,052,000 | 3,920,000 | 4,452,000 |
| Income tax | 4,000 | 4,000 | 4,000 | 4,000 |
| Net income | 1,248,000 | 3,048,000 | 3,916,000 | 4,448,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,862,000 | 20,822,000 | 20,527,000 | 20,515,000 |
| Total capital | — | — | — | 22,766,000 |
| Risk-weighted assets | — | — | — | 179,400,000 |