Call reports 2021
CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. — 2021
What CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 314,071,000 | 335,803,000 | 334,316,000 | 340,491,000 |
| Total loans | 172,940,000 | 169,542,000 | 154,445,000 | 147,258,000 |
| Allowance for loan losses | 2,991,000 | 3,051,000 | 3,111,000 | 2,515,000 |
| Securities available for sale | 120,270,000 | 130,713,000 | 144,292,000 | 168,996,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 291,390,000 | 313,225,000 | 310,710,000 | 317,216,000 |
| Interest-bearing deposits | 226,543,000 | 249,237,000 | 247,858,000 | 252,233,000 |
| Noninterest-bearing deposits | 64,847,000 | 63,988,000 | 62,852,000 | 64,983,000 |
| Equity capital | 22,216,000 | 21,984,000 | 22,839,000 | 22,172,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,039,000 | 5,565,000 | 7,762,000 | 9,906,000 |
| Interest expense | 197,000 | 397,000 | 600,000 | 811,000 |
| Net interest income | 2,842,000 | 5,168,000 | 7,162,000 | 9,095,000 |
| Noninterest income | 104,000 | 213,000 | 371,000 | 526,000 |
| Noninterest expense | 1,210,000 | 2,441,000 | 3,630,000 | 4,986,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | -410,000 |
| Pretax income | 1,676,000 | 2,820,000 | 3,723,000 | 5,045,000 |
| Income tax | 4,000 | 4,000 | 4,000 | 4,000 |
| Net income | 1,672,000 | 2,816,000 | 3,719,000 | 5,041,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,320,000 | 21,487,000 | 21,781,000 | 22,721,000 |
| Total capital | 23,738,000 | 23,708,000 | 23,869,000 | 24,920,000 |
| Risk-weighted assets | 192,877,000 | 176,855,000 | 166,043,000 | 175,624,000 |