Call reports 2008
CITIZENS STATE BANK OF CORTEZ, THE — 2008
What CITIZENS STATE BANK OF CORTEZ, THE 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 | 89,029,000 | 88,590,000 | 89,364,000 | 88,558,000 |
| Total loans | 53,825,000 | 60,148,000 | 56,909,000 | 55,879,000 |
| Allowance for loan losses | 624,000 | 871,000 | 1,150,000 | 1,313,000 |
| Securities available for sale | 12,308,000 | 12,283,000 | 12,797,000 | 17,520,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,571,000 | 65,959,000 | 65,438,000 | 64,067,000 |
| Interest-bearing deposits | 41,837,000 | 41,277,000 | 40,723,000 | 40,784,000 |
| Noninterest-bearing deposits | 23,734,000 | 24,682,000 | 24,715,000 | 23,283,000 |
| Equity capital | 17,639,000 | 16,374,000 | 16,459,000 | 16,324,000 |
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 | 1,268,000 | 2,454,000 | 3,574,000 | 4,604,000 |
| Interest expense | 353,000 | 663,000 | 940,000 | 1,189,000 |
| Net interest income | 915,000 | 1,791,000 | 2,634,000 | 3,415,000 |
| Noninterest income | 255,000 | 583,000 | 825,000 | 1,027,000 |
| Noninterest expense | 784,000 | 1,523,000 | 2,222,000 | 2,914,000 |
| Provision for loan losses | 0 | 338,000 | 634,000 | 1,034,000 |
| Pretax income | 386,000 | 513,000 | 603,000 | 494,000 |
| Income tax | 133,000 | 171,000 | 189,000 | 362,000 |
| Net income | 253,000 | 342,000 | 414,000 | 132,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,922,000 | 6,765,000 | 6,902,000 | 6,679,000 |
| Total capital | 8,546,000 | 7,499,000 | 7,634,000 | 7,369,000 |
| Risk-weighted assets | 54,574,000 | 58,663,000 | 58,167,000 | 54,578,000 |
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