Call reports 2021
FIRST INDEPENDENCE BANK — 2021
What FIRST INDEPENDENCE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 323,762,000 | 348,879,000 | 406,740,000 | 412,314,000 |
| Total loans | 162,664,000 | 151,459,000 | 160,617,000 | 188,295,000 |
| Allowance for loan losses | 2,105,000 | 2,041,000 | 1,783,000 | 2,037,000 |
| Securities available for sale | 6,475,000 | 6,467,000 | 65,569,000 | 64,020,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 231,830,000 | 240,748,000 | 290,411,000 | 301,204,000 |
| Interest-bearing deposits | 157,917,000 | 145,807,000 | 185,685,000 | 178,581,000 |
| Noninterest-bearing deposits | 73,913,000 | 94,941,000 | 104,726,000 | 122,623,000 |
| Equity capital | 26,831,000 | 30,262,000 | 35,593,000 | 39,418,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,551,000 | 5,318,000 | 8,093,000 | 10,871,000 |
| Interest expense | 447,000 | 948,000 | 1,560,000 | 2,117,000 |
| Net interest income | 2,104,000 | 4,370,000 | 6,533,000 | 8,754,000 |
| Noninterest income | 6,555,000 | 13,316,000 | 23,311,000 | 32,283,000 |
| Noninterest expense | 7,428,000 | 15,948,000 | 24,144,000 | 33,530,000 |
| Provision for loan losses | 129,000 | 69,000 | -194,000 | 54,000 |
| Pretax income | 1,102,000 | 1,669,000 | 5,894,000 | 7,453,000 |
| Income tax | 139,000 | 177,000 | 907,000 | 1,126,000 |
| Net income | 522,000 | 657,000 | 3,406,000 | 4,230,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,677,000 | 33,457,000 | 40,000,000 | 44,754,000 |