Call reports 2020
FIRST INDEPENDENCE BANK — 2020
What FIRST INDEPENDENCE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 265,354,000 | 282,800,000 | 290,572,000 | 287,416,000 |
| Total loans | 162,160,000 | 166,824,000 | 177,764,000 | 163,031,000 |
| Allowance for loan losses | 2,970,000 | 1,584,000 | 1,465,000 | 1,966,000 |
| Securities available for sale | 6,566,000 | 6,555,000 | 6,537,000 | 6,535,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 176,684,000 | 192,487,000 | 198,873,000 | 196,481,000 |
| Interest-bearing deposits | 111,415,000 | 125,214,000 | 125,810,000 | 119,971,000 |
| Noninterest-bearing deposits | 65,269,000 | 67,273,000 | 73,063,000 | 76,510,000 |
| Equity capital | 22,599,000 | 22,820,000 | 22,598,000 | 23,326,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,832,000 | 5,557,000 | 8,110,000 | 10,835,000 |
| Interest expense | 671,000 | 1,227,000 | 1,734,000 | 2,226,000 |
| Net interest income | 2,161,000 | 4,330,000 | 6,376,000 | 8,609,000 |
| Noninterest income | 6,276,000 | 12,566,000 | 18,663,000 | 25,667,000 |
| Noninterest expense | 7,542,000 | 15,378,000 | 22,857,000 | 30,419,000 |
| Provision for loan losses | 0 | 0 | 500,000 | 1,000,000 |
| Pretax income | 895,000 | 1,518,000 | 1,682,000 | 2,857,000 |
| Income tax | 110,000 | 170,000 | 157,000 | 350,000 |
| Net income | 415,000 | 642,000 | 584,000 | 1,311,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,982,000 | 25,232,000 | 25,004,000 | 25,803,000 |