Call reports 2008
CITIZENS BANK, THE — 2008
What CITIZENS BANK, 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 | 89,245,000 | 89,462,000 | 91,756,000 | 91,518,000 |
| Total loans | 54,349,000 | 57,443,000 | 59,518,000 | 58,889,000 |
| Allowance for loan losses | 1,205,000 | 1,303,000 | 1,378,000 | 1,436,000 |
| Securities available for sale | 22,633,000 | 25,457,000 | 25,611,000 | 24,806,000 |
| Securities held to maturity | 411,000 | 311,000 | 301,000 | 301,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,965,000 | 67,968,000 | 68,417,000 | 74,577,000 |
| Interest-bearing deposits | 62,447,000 | 58,441,000 | 58,252,000 | 61,655,000 |
| Noninterest-bearing deposits | 11,518,000 | 9,528,000 | 10,164,000 | 12,922,000 |
| Equity capital | 10,547,000 | 10,592,000 | 9,799,000 | 10,389,000 |
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 | 1,365,000 | 2,731,000 | 4,143,000 | 5,521,000 |
| Interest expense | 603,000 | 1,170,000 | 1,735,000 | 2,271,000 |
| Net interest income | 762,000 | 1,561,000 | 2,408,000 | 3,250,000 |
| Noninterest income | 209,000 | 410,000 | 600,000 | 764,000 |
| Noninterest expense | 577,000 | 1,195,000 | 1,772,000 | 2,386,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 304,000 | 596,000 | 966,000 | 1,268,000 |
| Income tax | 69,000 | 133,000 | 221,000 | 289,000 |
| Net income | 235,000 | 463,000 | 745,000 | 979,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,403,000 | 10,632,000 | 10,134,000 | 10,343,000 |
| Total capital | 11,145,000 | 11,355,000 | 10,896,000 | 11,073,000 |
| Risk-weighted assets | 58,942,000 | 57,256,000 | 60,368,000 | 57,568,000 |