Call reports 2023
CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. — 2023
What CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 318,130,000 | 318,218,000 | 322,470,000 | 315,089,000 |
| Total loans | 155,244,000 | 162,352,000 | 164,855,000 | 165,523,000 |
| Allowance for loan losses | 2,235,000 | 2,295,000 | 2,358,000 | 2,418,000 |
| Securities available for sale | 143,536,000 | 138,568,000 | 131,608,000 | 136,193,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 301,256,000 | 295,222,000 | 296,131,000 | 288,535,000 |
| Interest-bearing deposits | 234,057,000 | 235,843,000 | 224,604,000 | 224,330,000 |
| Noninterest-bearing deposits | 67,199,000 | 59,379,000 | 71,527,000 | 64,205,000 |
| Equity capital | 5,895,000 | 4,684,000 | 1,707,000 | 7,971,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,710,000 | 5,552,000 | 8,520,000 | 11,681,000 |
| Interest expense | 729,000 | 1,705,000 | 2,784,000 | 3,871,000 |
| Net interest income | 1,981,000 | 3,847,000 | 5,736,000 | 7,810,000 |
| Noninterest income | 162,000 | 368,000 | 548,000 | 719,000 |
| Noninterest expense | 1,365,000 | 2,701,000 | 4,057,000 | 5,450,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 718,000 | 1,385,000 | 2,046,000 | 2,838,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 718,000 | 1,385,000 | 2,046,000 | 2,838,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,230,000 | 24,299,000 | 24,580,000 | 25,017,000 |
| Total capital | 26,465,000 | 26,594,000 | 26,938,000 | 27,435,000 |
| Risk-weighted assets | 188,230,000 | 192,693,000 | 196,809,000 | 195,000,000 |