Call reports 2008
CITIZENS BANK, THE — 2008
What CITIZENS BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 114,745,000 | 108,073,000 | 100,667,000 |
| Total loans | 45,888,000 | 42,596,000 | 42,184,000 |
| Allowance for loan losses | 990,000 | 919,000 | 880,000 |
| Securities available for sale | 27,020,000 | 34,119,000 | 33,863,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 98,705,000 | 92,597,000 | 84,439,000 |
| Interest-bearing deposits | 71,510,000 | 69,708,000 | 63,023,000 |
| Noninterest-bearing deposits | 27,195,000 | 22,889,000 | 21,416,000 |
| Equity capital | 15,493,000 | 14,709,000 | 15,621,000 |
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 |
|---|---|---|---|
| Interest income | 1,542,000 | 2,981,000 | 4,329,000 |
| Interest expense | 561,000 | 1,076,000 | 1,503,000 |
| Net interest income | 981,000 | 1,905,000 | 2,826,000 |
| Noninterest income | 210,000 | 406,000 | 611,000 |
| Noninterest expense | 925,000 | 1,786,000 | 2,497,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 266,000 | 525,000 | 940,000 |
| Income tax | 64,000 | 146,000 | 278,000 |
| Net income | 202,000 | 379,000 | 662,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 15,678,000 | 15,720,000 | 15,983,000 |
| Total capital | 16,412,000 | 16,390,000 | 16,622,000 |
| Risk-weighted assets | 58,468,000 | 53,352,000 | 51,140,000 |