Call reports 2008
CITIZENS BANK OF SPENCER — 2008
What CITIZENS BANK OF SPENCER reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 41,435,000 | 40,230,000 | 42,181,000 | 41,630,000 |
| Total loans | 26,220,000 | 27,430,000 | 28,816,000 | 29,338,000 |
| Allowance for loan losses | 516,000 | 467,000 | 475,000 | 467,000 |
| Securities available for sale | 8,756,000 | 9,344,000 | 9,236,000 | 9,313,000 |
| Securities held to maturity | 350,000 | 449,000 | 449,000 | 450,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,632,000 | 33,595,000 | 36,204,000 | 35,651,000 |
| Interest-bearing deposits | 31,173,000 | 29,510,000 | 32,816,000 | 31,929,000 |
| Noninterest-bearing deposits | 4,459,000 | 4,085,000 | 3,388,000 | 3,722,000 |
| Equity capital | 5,316,000 | 5,248,000 | 5,498,000 | 5,573,000 |
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 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 656,000 | 1,330,000 | 2,023,000 | 2,718,000 |
| Interest expense | 219,000 | 434,000 | 633,000 | 826,000 |
| Net interest income | 437,000 | 896,000 | 1,390,000 | 1,892,000 |
| Noninterest income | 48,000 | 114,000 | 192,000 | 281,000 |
| Noninterest expense | 384,000 | 717,000 | 1,087,000 | 1,459,000 |
| Provision for loan losses | 32,000 | 32,000 | 32,000 | 107,000 |
| Pretax income | 69,000 | 261,000 | 463,000 | 607,000 |
| Income tax | 26,000 | 94,000 | 166,000 | 199,000 |
| Net income | 43,000 | 167,000 | 297,000 | 408,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,217,000 | 5,342,000 | 5,472,000 | 5,494,000 |
| Total capital | 5,531,000 | 5,656,000 | 5,804,000 | 5,825,000 |
| Risk-weighted assets | 24,948,000 | 24,949,000 | 26,427,000 | 26,367,000 |