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 | 60,900,000 | 59,362,000 | 58,119,000 | 61,423,000 |
| Total loans | 30,101,000 | 30,226,000 | 30,953,000 | 32,018,000 |
| Allowance for loan losses | 376,000 | 363,000 | 359,000 | 343,000 |
| Securities available for sale | 18,460,000 | 20,668,000 | 19,522,000 | 20,382,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,655,000 | 51,415,000 | 49,483,000 | 52,344,000 |
| Interest-bearing deposits | 41,827,000 | 41,380,000 | 40,405,000 | 41,529,000 |
| Noninterest-bearing deposits | 10,828,000 | 10,035,000 | 9,078,000 | 10,815,000 |
| Equity capital | 6,552,000 | 6,251,000 | 6,536,000 | 6,617,000 |
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 | 949,000 | 1,874,000 | 2,776,000 | 3,661,000 |
| Interest expense | 346,000 | 671,000 | 974,000 | 1,253,000 |
| Net interest income | 603,000 | 1,203,000 | 1,802,000 | 2,408,000 |
| Noninterest income | 168,000 | 344,000 | 532,000 | 730,000 |
| Noninterest expense | 599,000 | 1,151,000 | 1,674,000 | 2,308,000 |
| Provision for loan losses | 0 | 0 | 0 | 10,000 |
| Pretax income | 184,000 | 408,000 | 670,000 | 820,000 |
| Income tax | 30,000 | 130,000 | 199,000 | 315,000 |
| Net income | 154,000 | 278,000 | 471,000 | 505,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,249,000 | 6,373,000 | 6,566,000 | 6,425,000 |
| Total capital | 6,625,000 | 6,736,000 | 6,925,000 | 6,768,000 |
| Risk-weighted assets | 33,918,000 | 33,739,000 | 33,795,000 | 34,705,000 |