Call reports 2023
CITIZENS STATE BANK OF MILFORD — 2023
What CITIZENS STATE BANK OF MILFORD reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 60,879,000 | 58,315,000 | 54,875,000 | 56,998,000 |
| Total loans | 21,155,000 | 21,960,000 | 22,326,000 | 23,515,000 |
| Allowance for loan losses | 103,000 | 108,000 | 108,000 | 109,000 |
| Securities available for sale | 17,181,000 | 19,319,000 | 18,959,000 | 20,006,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,744,000 | 55,158,000 | 51,875,000 | 52,740,000 |
| Interest-bearing deposits | 40,940,000 | 37,451,000 | 39,140,000 | 37,275,000 |
| Noninterest-bearing deposits | 16,804,000 | 17,707,000 | 12,735,000 | 15,465,000 |
| Equity capital | 3,106,000 | 3,133,000 | 2,757,000 | 3,711,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 561,000 | 1,148,000 | 1,708,000 | 2,283,000 |
| Interest expense | 30,000 | 64,000 | 123,000 | 167,000 |
| Net interest income | 531,000 | 1,084,000 | 1,585,000 | 2,116,000 |
| Noninterest income | 28,000 | 54,000 | 97,000 | 157,000 |
| Noninterest expense | 409,000 | 819,000 | 1,230,000 | 1,707,000 |
| Provision for loan losses | 0 | 5,000 | 5,000 | 30,000 |
| Pretax income | 150,000 | 314,000 | 447,000 | 536,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 150,000 | 314,000 | 447,000 | 536,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,414,000 | 4,579,000 | 4,711,000 | 4,801,000 |
| Total capital | 4,517,000 | 4,687,000 | 4,819,000 | 4,910,000 |
| Risk-weighted assets | 32,713,000 | 34,170,000 | 35,190,000 | 37,264,000 |
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