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 | 633,137,000 | 628,528,000 | 606,326,000 | 632,450,000 |
| Total loans | 510,643,000 | 497,349,000 | 478,636,000 | 475,984,000 |
| Allowance for loan losses | 3,924,000 | 4,547,000 | 4,721,000 | 6,247,000 |
| Securities available for sale | 80,557,000 | 88,213,000 | 87,359,000 | 117,910,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 467,646,000 | 464,745,000 | 462,147,000 | 481,588,000 |
| Interest-bearing deposits | 402,589,000 | 399,876,000 | 400,541,000 | 426,135,000 |
| Noninterest-bearing deposits | 65,057,000 | 64,869,000 | 61,606,000 | 55,453,000 |
| Equity capital | 70,496,000 | 71,846,000 | 71,408,000 | 68,407,000 |
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 | 10,007,000 | 19,056,000 | 28,192,000 | 36,831,000 |
| Interest expense | 3,927,000 | 7,116,000 | 10,108,000 | 12,880,000 |
| Net interest income | 6,080,000 | 11,940,000 | 18,084,000 | 23,951,000 |
| Noninterest income | 1,006,000 | 1,952,000 | 2,827,000 | 3,694,000 |
| Noninterest expense | 3,712,000 | 7,237,000 | 10,886,000 | 14,661,000 |
| Provision for loan losses | 310,000 | 909,000 | 1,103,000 | 7,175,000 |
| Pretax income | 3,064,000 | 5,763,000 | 8,980,000 | 5,867,000 |
| Income tax | 248,000 | 503,000 | 765,000 | 415,000 |
| Net income | 2,816,000 | 5,260,000 | 8,215,000 | 5,452,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,222,000 | 67,738,000 | 70,818,000 | 66,492,000 |
| Total capital | 69,146,000 | 72,285,000 | 75,539,000 | 71,482,000 |
| Risk-weighted assets | 406,786,000 | 400,086,000 | 391,129,000 | 397,967,000 |