Call reports 2024
CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. — 2024
What CITIZENS BANK & TRUST CO., HUTCHINSON, MINN. 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 | 314,344,000 | 314,868,000 | 321,505,000 | 317,087,000 |
| Total loans | 165,438,000 | 169,229,000 | 168,043,000 | 167,181,000 |
| Allowance for loan losses | 2,478,000 | 2,199,000 | 2,093,000 | 2,093,000 |
| Securities available for sale | 131,260,000 | 129,594,000 | 133,608,000 | 126,719,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 293,117,000 | 290,499,000 | 277,005,000 | 286,479,000 |
| Interest-bearing deposits | 223,894,000 | 226,693,000 | 212,382,000 | 220,823,000 |
| Noninterest-bearing deposits | 69,223,000 | 63,806,000 | 64,623,000 | 65,656,000 |
| Equity capital | 6,891,000 | 7,580,000 | 12,414,000 | 8,508,000 |
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 | 3,035,000 | 6,074,000 | 9,209,000 | 12,463,000 |
| Interest expense | 1,109,000 | 2,283,000 | 3,518,000 | 4,664,000 |
| Net interest income | 1,926,000 | 3,791,000 | 5,691,000 | 7,799,000 |
| Noninterest income | 193,000 | 387,000 | 575,000 | 761,000 |
| Noninterest expense | 1,447,000 | 2,861,000 | 4,412,000 | 5,947,000 |
| Provision for loan losses | 60,000 | 100,000 | -6,000 | -6,000 |
| Pretax income | 617,000 | 1,222,000 | 1,759,000 | 2,518,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 617,000 | 1,222,000 | 1,759,000 | 2,518,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,182,000 | 25,342,000 | 25,469,000 | 25,870,000 |
| Total capital | 27,616,000 | 27,541,000 | 27,668,000 | 28,069,000 |
| Risk-weighted assets | 194,746,000 | 197,959,000 | 199,253,000 | 197,555,000 |