Call reports 2023
FIRST INDEPENDENCE BANK — 2023
What FIRST INDEPENDENCE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 545,679,000 | 581,350,000 | 601,775,000 | 607,167,000 |
| Total loans | 329,647,000 | 365,062,000 | 377,090,000 | 379,716,000 |
| Allowance for loan losses | 3,320,000 | 4,419,000 | 3,961,000 | 5,164,000 |
| Securities available for sale | 95,445,000 | 92,023,000 | 88,595,000 | 89,847,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 432,273,000 | 461,416,000 | 478,884,000 | 482,926,000 |
| Interest-bearing deposits | 240,789,000 | 292,305,000 | 303,886,000 | 299,704,000 |
| Noninterest-bearing deposits | 191,484,000 | 169,111,000 | 174,998,000 | 183,222,000 |
| Equity capital | 38,149,000 | 42,502,000 | 42,313,000 | 45,417,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 5,045,000 | 10,959,000 | 17,662,000 | 24,783,000 |
| Interest expense | 1,976,000 | 4,412,000 | 7,356,000 | 10,272,000 |
| Net interest income | 3,069,000 | 6,547,000 | 10,306,000 | 14,511,000 |
| Noninterest income | 7,085,000 | 14,844,000 | 22,438,000 | 29,993,000 |
| Noninterest expense | 8,920,000 | 18,485,000 | 28,232,000 | 37,674,000 |
| Provision for loan losses | 632,000 | 1,725,000 | 1,540,000 | 2,738,000 |
| Pretax income | 602,000 | 1,181,000 | 2,822,000 | 3,888,000 |
| Income tax | 64,000 | 105,000 | 362,000 | 500,000 |
| Net income | 202,000 | 309,000 | 1,276,000 | 1,855,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,817,000 | 56,421,000 | 57,485,000 | 58,121,000 |