Call reports 2008
CITIZENS' BANK, INC. — 2008
What CITIZENS' BANK, INC. 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 | 114,920,000 | 112,059,000 | 113,251,000 | 119,942,000 |
| Total loans | 76,321,000 | 75,886,000 | 77,312,000 | 77,344,000 |
| Allowance for loan losses | 566,000 | 699,000 | 757,000 | 930,000 |
| Securities available for sale | 24,621,000 | 23,170,000 | 22,318,000 | 24,773,000 |
| Securities held to maturity | 95,000 | 93,000 | 91,000 | 87,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,067,000 | 94,189,000 | 95,805,000 | 102,436,000 |
| Interest-bearing deposits | 76,247,000 | 77,050,000 | 79,416,000 | 84,937,000 |
| Noninterest-bearing deposits | 17,820,000 | 17,139,000 | 16,390,000 | 17,499,000 |
| Equity capital | 12,528,000 | 12,099,000 | 11,985,000 | 12,172,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,767,000 | 3,414,000 | 5,008,000 | 6,645,000 |
| Interest expense | 724,000 | 1,346,000 | 1,908,000 | 2,480,000 |
| Net interest income | 1,043,000 | 2,068,000 | 3,100,000 | 4,165,000 |
| Noninterest income | 213,000 | 428,000 | 432,000 | 545,000 |
| Noninterest expense | 885,000 | 1,862,000 | 2,881,000 | 3,677,000 |
| Provision for loan losses | 32,000 | 178,000 | 252,000 | 580,000 |
| Pretax income | 336,000 | 450,000 | -75,000 | -46,000 |
| Income tax | 18,000 | 18,000 | 0 | 0 |
| Net income | 318,000 | 432,000 | -75,000 | -46,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,639,000 | 12,601,000 | 12,071,000 | 12,107,000 |
| Total capital | 13,205,000 | 13,300,000 | 12,828,000 | 13,037,000 |
| Risk-weighted assets | 84,713,000 | 79,122,000 | 79,928,000 | 85,395,000 |