Call reports 2024
CITIZENS NATIONAL BANK OF CHEBOYGAN — 2024
What CITIZENS NATIONAL BANK OF CHEBOYGAN reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 491,047,000 | 482,619,000 | 514,734,000 | 476,529,000 |
| Total loans | 231,158,000 | 238,682,000 | 241,440,000 | 239,805,000 |
| Allowance for loan losses | 3,489,000 | 3,499,000 | 3,499,000 | 3,413,000 |
| Securities available for sale | 195,479,000 | 187,275,000 | 189,931,000 | 178,261,000 |
| Securities held to maturity | 6,400,000 | 6,047,000 | 6,186,000 | 6,156,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 422,048,000 | 412,189,000 | 460,854,000 | 426,005,000 |
| Interest-bearing deposits | 281,879,000 | 265,786,000 | 302,176,000 | 285,741,000 |
| Noninterest-bearing deposits | 140,169,000 | 146,403,000 | 158,678,000 | 140,264,000 |
| Equity capital | 6,250,000 | 6,821,000 | 13,549,000 | 9,178,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,370,000 | 8,995,000 | 13,791,000 | 18,712,000 |
| Interest expense | 983,000 | 2,060,000 | 3,123,000 | 4,059,000 |
| Net interest income | 3,387,000 | 6,935,000 | 10,668,000 | 14,653,000 |
| Noninterest income | 689,000 | 1,347,000 | 2,217,000 | 2,939,000 |
| Noninterest expense | 3,285,000 | 6,598,000 | 10,066,000 | 13,641,000 |
| Provision for loan losses | 0 | 0 | 0 | 27,000 |
| Pretax income | 791,000 | 1,684,000 | 2,819,000 | 3,961,000 |
| Income tax | 130,000 | 294,000 | 505,000 | 723,000 |
| Net income | 661,000 | 1,390,000 | 2,314,000 | 3,238,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,387,000 | 35,117,000 | 35,495,000 | 36,420,000 |
| Total capital | 37,654,000 | 38,442,000 | 38,840,000 | 39,833,000 |
| Risk-weighted assets | 261,128,000 | 265,892,000 | 267,481,000 | 260,979,000 |