Call reports 2024
CITIZENS STATE BANK OF MILFORD — 2024
What CITIZENS STATE BANK OF MILFORD reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 58,479,000 | 52,153,000 | 53,005,000 | 56,688,000 |
| Total loans | 24,788,000 | 20,452,000 | 22,510,000 | 22,998,000 |
| Allowance for loan losses | 111,000 | 135,000 | 135,000 | 135,000 |
| Securities available for sale | 18,607,000 | 18,444,000 | 18,251,000 | 18,287,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,761,000 | 48,365,000 | 47,952,000 | 52,686,000 |
| Interest-bearing deposits | 37,199,000 | 34,665,000 | 34,766,000 | 36,547,000 |
| Noninterest-bearing deposits | 15,562,000 | 13,700,000 | 13,186,000 | 16,139,000 |
| Equity capital | 3,680,000 | 3,738,000 | 4,260,000 | 3,940,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 644,000 | 1,264,000 | 1,829,000 | 2,439,000 |
| Interest expense | 50,000 | 137,000 | 213,000 | 295,000 |
| Net interest income | 594,000 | 1,127,000 | 1,616,000 | 2,144,000 |
| Noninterest income | 47,000 | 72,000 | 140,000 | 192,000 |
| Noninterest expense | 458,000 | 913,000 | 1,372,000 | 1,856,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 189,000 | 292,000 | 390,000 | 486,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 189,000 | 292,000 | 390,000 | 486,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,890,000 | 4,993,000 | 5,091,000 | 5,187,000 |
| Total capital | 5,001,000 | 5,128,000 | 5,226,000 | 5,322,000 |
| Risk-weighted assets | 37,254,000 | 34,236,000 | 36,062,000 | 38,383,000 |