Call reports 2014
CITIZENS STATE BANK OF MILFORD — 2014
What CITIZENS STATE BANK OF MILFORD reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 53,618,000 | 50,601,000 | 52,709,000 | 53,468,000 |
| Total loans | 22,413,000 | 23,753,000 | 24,802,000 | 27,854,000 |
| Allowance for loan losses | 209,000 | 209,000 | 172,000 | 159,000 |
| Securities available for sale | 18,068,000 | 17,284,000 | 17,318,000 | 15,218,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,528,000 | 46,349,000 | 48,292,000 | 49,126,000 |
| Interest-bearing deposits | 39,648,000 | 36,728,000 | 39,753,000 | 37,100,000 |
| Noninterest-bearing deposits | 9,880,000 | 9,621,000 | 8,539,000 | 12,026,000 |
| Equity capital | 4,020,000 | 4,196,000 | 4,349,000 | 4,296,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 414,000 | 826,000 | 1,259,000 | 1,706,000 |
| Interest expense | 34,000 | 64,000 | 95,000 | 125,000 |
| Net interest income | 380,000 | 762,000 | 1,164,000 | 1,581,000 |
| Noninterest income | 57,000 | 110,000 | 200,000 | 282,000 |
| Noninterest expense | 381,000 | 761,000 | 1,152,000 | 1,622,000 |
| Provision for loan losses | -37,000 | -37,000 | -37,000 | -37,000 |
| Pretax income | 93,000 | 148,000 | 249,000 | 401,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 93,000 | 148,000 | 249,000 | 401,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,016,000 | 3,961,000 | 4,062,000 | 4,014,000 |
| Total capital | 4,225,000 | 4,170,000 | 4,234,000 | 4,173,000 |
| Risk-weighted assets | 27,876,000 | 29,005,000 | 30,149,000 | 32,638,000 |