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 | 52,170,000 | 51,979,000 | 51,893,000 | 48,880,000 |
| Total loans | 28,604,000 | 28,636,000 | 28,654,000 | 26,941,000 |
| Allowance for loan losses | 1,044,000 | 938,000 | 912,000 | 1,799,000 |
| Securities available for sale | 17,913,000 | 19,453,000 | 17,357,000 | 19,492,000 |
| Securities held to maturity | 736,000 | 735,000 | 735,000 | 595,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,798,000 | 44,873,000 | 44,818,000 | 41,984,000 |
| Interest-bearing deposits | 40,659,000 | 4,016,000 | 38,398,000 | 36,152,000 |
| Noninterest-bearing deposits | 4,139,000 | 40,857,000 | 6,420,000 | 5,832,000 |
| Equity capital | 6,815,000 | 6,524,000 | 6,649,000 | 6,498,000 |
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 | 962,000 | 1,815,000 | 2,722,000 | 3,540,000 |
| Interest expense | 443,000 | 831,000 | 1,180,000 | 1,484,000 |
| Net interest income | 519,000 | 984,000 | 1,542,000 | 2,056,000 |
| Noninterest income | 99,000 | 192,000 | 286,000 | 363,000 |
| Noninterest expense | 486,000 | 977,000 | 1,481,000 | 2,053,000 |
| Provision for loan losses | 335,000 | 395,000 | 445,000 | 1,495,000 |
| Pretax income | -196,000 | -189,000 | -87,000 | -1,118,000 |
| Income tax | 14,000 | 26,000 | 26,000 | -375,000 |
| Net income | -210,000 | -215,000 | -113,000 | -743,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,660,000 | 6,654,000 | 6,756,000 | 6,126,000 |
| Total capital | 7,044,000 | 7,035,000 | 7,142,000 | 6,493,000 |
| Risk-weighted assets | 30,045,000 | 29,935,000 | 30,331,000 | 27,920,000 |
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