Call reports 2023
CITIZENS AND FARMERS BANK — 2023
What CITIZENS AND FARMERS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,420,139,000 | 2,398,078,000 | 2,400,726,000 | 2,416,783,000 |
| Total loans | 1,699,722,000 | 1,723,863,000 | 1,743,816,000 | 1,756,645,000 |
| Allowance for loan losses | 40,834,000 | 40,528,000 | 40,248,000 | 39,651,000 |
| Securities available for sale | 513,625,000 | 490,884,000 | 460,653,000 | 462,444,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,016,711,000 | 2,013,365,000 | 2,043,749,000 | 2,080,784,000 |
| Interest-bearing deposits | 1,399,944,000 | 1,411,099,000 | 1,454,727,000 | 1,516,813,000 |
| Noninterest-bearing deposits | 616,767,000 | 602,266,000 | 589,022,000 | 563,971,000 |
| Equity capital | 226,438,000 | 226,206,000 | 224,821,000 | 243,408,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 29,319,000 | 60,107,000 | 91,949,000 | 125,168,000 |
| Interest expense | 3,743,000 | 9,593,000 | 16,267,000 | 24,185,000 |
| Net interest income | 25,576,000 | 50,514,000 | 75,682,000 | 100,983,000 |
| Noninterest income | 6,549,000 | 13,540,000 | 19,826,000 | 26,287,000 |
| Noninterest expense | 21,328,000 | 42,827,000 | 64,387,000 | 86,258,000 |
| Provision for loan losses | 1,950,000 | 3,351,000 | 5,451,000 | 8,126,000 |
| Pretax income | 8,846,000 | 17,689,000 | 25,662,000 | 32,777,000 |
| Income tax | 1,740,000 | 3,530,000 | 5,099,000 | 6,484,000 |
| Net income | 7,050,000 | 14,025,000 | 20,441,000 | 26,151,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 235,931,000 | 239,474,000 | 243,958,000 | 247,712,000 |
| Total capital | 259,252,000 | 263,080,000 | 268,097,000 | 271,952,000 |
| Risk-weighted assets | 1,847,140,000 | 1,870,227,000 | 1,913,700,000 | 1,922,703,000 |