Call reports 2008
CITIZENS BANK — 2008
What CITIZENS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 182,495,000 | 181,295,000 | 182,151,000 | 179,500,000 |
| Total loans | 147,187,000 | 141,332,000 | 143,859,000 | 145,353,000 |
| Allowance for loan losses | 2,559,000 | 2,122,000 | 3,468,000 | 3,383,000 |
| Securities available for sale | 9,811,000 | 10,638,000 | 16,938,000 | 15,793,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,188,000 | 147,628,000 | 143,666,000 | 143,700,000 |
| Interest-bearing deposits | 126,954,000 | 123,700,000 | 121,641,000 | 116,962,000 |
| Noninterest-bearing deposits | 21,234,000 | 23,927,000 | 22,025,000 | 26,738,000 |
| Equity capital | 20,291,000 | 20,291,000 | 19,781,000 | 20,148,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,995,000 | 5,667,000 | 8,253,000 | 10,701,000 |
| Interest expense | 1,274,000 | 2,338,000 | 3,289,000 | 4,178,000 |
| Net interest income | 1,721,000 | 3,329,000 | 4,964,000 | 6,523,000 |
| Noninterest income | 328,000 | 595,000 | 864,000 | 1,125,000 |
| Noninterest expense | 1,414,000 | 2,796,000 | 4,084,000 | 5,255,000 |
| Provision for loan losses | 90,000 | 180,000 | 1,738,000 | 1,868,000 |
| Pretax income | 545,000 | 948,000 | 6,000 | 525,000 |
| Income tax | 177,000 | 307,000 | -13,000 | 143,000 |
| Net income | 368,000 | 641,000 | 19,000 | 382,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,322,000 | 20,436,000 | 19,815,000 | 20,046,000 |
| Total capital | 22,231,000 | 22,304,000 | 21,670,000 | 21,866,000 |
| Risk-weighted assets | 152,075,000 | 149,177,000 | 146,777,000 | 144,040,000 |