Call reports 2013
CITIZENS STATE BANK OF MILFORD — 2013
What CITIZENS STATE BANK OF MILFORD reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 57,417,000 | 50,347,000 | 51,351,000 | 56,766,000 |
| Total loans | 22,098,000 | 23,190,000 | 24,461,000 | 24,706,000 |
| Allowance for loan losses | 188,000 | 189,000 | 188,000 | 209,000 |
| Securities available for sale | 16,802,000 | 17,795,000 | 17,737,000 | 17,904,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,674,000 | 46,030,000 | 47,686,000 | 53,060,000 |
| Interest-bearing deposits | 42,396,000 | 37,229,000 | 37,408,000 | 39,826,000 |
| Noninterest-bearing deposits | 10,278,000 | 8,801,000 | 10,278,000 | 13,234,000 |
| Equity capital | 4,668,000 | 4,248,000 | 3,584,000 | 3,647,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 770,000 | 1,200,000 | 1,631,000 | 2,062,000 |
| Interest expense | 47,000 | 89,000 | 128,000 | 165,000 |
| Net interest income | 723,000 | 1,111,000 | 1,503,000 | 1,897,000 |
| Noninterest income | 93,000 | 186,000 | 11,000 | 112,000 |
| Noninterest expense | 432,000 | 853,000 | 1,273,000 | 1,778,000 |
| Provision for loan losses | 0 | 0 | 0 | -335,000 |
| Pretax income | 384,000 | 444,000 | 241,000 | 566,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 384,000 | 444,000 | 241,000 | 566,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,860,000 | 3,921,000 | 3,718,000 | 3,923,000 |
| Total capital | 4,048,000 | 4,110,000 | 3,906,000 | 4,132,000 |
| Risk-weighted assets | 27,466,000 | 29,094,000 | 29,998,000 | 30,100,000 |