Call reports 2008
CITIZENS NATIONAL BANK OF CHEBOYGAN — 2008
What CITIZENS NATIONAL BANK OF CHEBOYGAN 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 | 262,333,000 | 257,858,000 | 266,350,000 | 253,915,000 |
| Total loans | 176,197,000 | 169,838,000 | 165,718,000 | 161,766,000 |
| Allowance for loan losses | 1,795,000 | 1,642,000 | 1,659,000 | 1,995,000 |
| Securities available for sale | 33,680,000 | 41,556,000 | 36,269,000 | 37,437,000 |
| Securities held to maturity | 8,464,000 | 9,792,000 | 8,797,000 | 10,883,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 232,795,000 | 228,879,000 | 239,622,000 | 230,613,000 |
| Interest-bearing deposits | 197,904,000 | 189,585,000 | 200,742,000 | 193,381,000 |
| Noninterest-bearing deposits | 34,891,000 | 39,294,000 | 38,880,000 | 37,232,000 |
| Equity capital | 24,430,000 | 24,008,000 | 22,067,000 | 17,476,000 |
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 | 3,888,000 | 7,467,000 | 11,040,000 | 14,357,000 |
| Interest expense | 1,345,000 | 2,556,000 | 3,796,000 | 4,871,000 |
| Net interest income | 2,543,000 | 4,911,000 | 7,244,000 | 9,486,000 |
| Noninterest income | 400,000 | 887,000 | 1,448,000 | 1,830,000 |
| Noninterest expense | 1,941,000 | 3,886,000 | 5,930,000 | 8,080,000 |
| Provision for loan losses | 431,000 | 731,000 | 1,131,000 | 1,831,000 |
| Pretax income | 571,000 | 1,181,000 | -304,000 | -5,702,000 |
| Income tax | 102,000 | 228,000 | 287,000 | -504,000 |
| Net income | 469,000 | 953,000 | -591,000 | -5,198,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,869,000 | 24,640,000 | 23,322,000 | 18,848,000 |
| Total capital | 26,664,000 | 26,282,000 | 24,981,000 | 20,843,000 |
| Risk-weighted assets | 186,072,000 | 181,486,000 | 178,581,000 | 170,903,000 |