Call reports 2008
CITIZENS STATE BANK OF MILFORD — 2008
What CITIZENS STATE BANK OF MILFORD 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 | 46,672,000 | 45,005,000 | 45,995,000 | 49,864,000 |
| Total loans | 23,374,000 | 24,082,000 | 25,937,000 | 25,420,000 |
| Allowance for loan losses | 143,000 | 145,000 | 145,000 | 145,000 |
| Securities available for sale | 8,522,000 | 10,938,000 | 9,944,000 | 9,479,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,819,000 | 41,179,000 | 42,020,000 | 45,474,000 |
| Interest-bearing deposits | 36,534,000 | 35,463,000 | 34,961,000 | 36,893,000 |
| Noninterest-bearing deposits | 6,285,000 | 5,716,000 | 7,059,000 | 8,581,000 |
| Equity capital | 3,463,000 | 3,281,000 | 3,435,000 | 3,519,000 |
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 | 660,000 | 1,272,000 | 1,928,000 | 2,560,000 |
| Interest expense | 263,000 | 501,000 | 718,000 | 938,000 |
| Net interest income | 397,000 | 771,000 | 1,210,000 | 1,622,000 |
| Noninterest income | 57,000 | 119,000 | 202,000 | 290,000 |
| Noninterest expense | 361,000 | 729,000 | 1,078,000 | 1,496,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 93,000 | 161,000 | 335,000 | 417,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 93,000 | 161,000 | 335,000 | 417,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,311,000 | 3,354,000 | 3,476,000 | 3,389,000 |
| Total capital | 3,454,000 | 3,499,000 | 3,621,000 | 3,534,000 |
| Risk-weighted assets | 29,032,000 | 29,383,000 | 31,220,000 | 31,567,000 |