Call reports 2024
CITIZENS AND FARMERS BANK — 2024
What CITIZENS AND FARMERS BANK 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 | 2,448,912,000 | 2,469,328,000 | 2,528,547,000 | 2,542,660,000 |
| Total loans | 1,840,492,000 | 1,897,564,000 | 1,953,561,000 | 1,940,767,000 |
| Allowance for loan losses | 40,200,000 | 40,343,000 | 40,771,000 | 40,087,000 |
| Securities available for sale | 430,421,000 | 404,758,000 | 409,045,000 | 418,625,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,101,571,000 | 2,117,630,000 | 2,146,199,000 | 2,181,630,000 |
| Interest-bearing deposits | 1,552,931,000 | 1,572,496,000 | 1,594,734,000 | 1,644,926,000 |
| Noninterest-bearing deposits | 548,640,000 | 545,134,000 | 551,465,000 | 536,704,000 |
| Equity capital | 243,445,000 | 247,294,000 | 258,170,000 | 255,803,000 |
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 | 33,204,000 | 67,652,000 | 103,440,000 | 139,968,000 |
| Interest expense | 9,004,000 | 18,946,000 | 29,768,000 | 40,499,000 |
| Net interest income | 24,200,000 | 48,706,000 | 73,672,000 | 99,469,000 |
| Noninterest income | 6,392,000 | 13,332,000 | 20,648,000 | 27,842,000 |
| Noninterest expense | 21,834,000 | 43,693,000 | 65,406,000 | 86,940,000 |
| Provision for loan losses | 3,600,000 | 6,000,000 | 9,700,000 | 13,100,000 |
| Pretax income | 5,021,000 | 12,188,000 | 19,835,000 | 28,081,000 |
| Income tax | 893,000 | 2,320,000 | 3,834,000 | 5,366,000 |
| Net income | 4,094,000 | 9,807,000 | 15,909,000 | 22,631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 249,871,000 | 252,148,000 | 254,816,000 | 258,078,000 |
| Total capital | 274,945,000 | 278,091,000 | 281,355,000 | 284,550,000 |
| Risk-weighted assets | 1,989,844,000 | 2,059,937,000 | 2,107,721,000 | 2,102,910,000 |