Call reports 2024
FIRST INDEPENDENCE BANK — 2024
What FIRST INDEPENDENCE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 630,181,000 | 609,129,000 | 664,814,000 | 644,122,000 |
| Total loans | 377,899,000 | 390,605,000 | 392,410,000 | 383,486,000 |
| Allowance for loan losses | 5,095,000 | 5,330,000 | 5,247,000 | 5,359,000 |
| Securities available for sale | 87,711,000 | 85,939,000 | 93,627,000 | 106,549,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 504,103,000 | 471,359,000 | 515,502,000 | 491,821,000 |
| Interest-bearing deposits | 309,508,000 | 299,384,000 | 334,572,000 | 325,412,000 |
| Noninterest-bearing deposits | 194,595,000 | 171,975,000 | 180,930,000 | 166,409,000 |
| Equity capital | 46,217,000 | 51,090,000 | 54,776,000 | 54,991,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 7,201,000 | 14,883,000 | 22,765,000 | 30,496,000 |
| Interest expense | 2,979,000 | 6,084,000 | 9,360,000 | 12,687,000 |
| Net interest income | 4,222,000 | 8,799,000 | 13,405,000 | 17,809,000 |
| Noninterest income | 7,887,000 | 17,287,000 | 26,794,000 | 36,838,000 |
| Noninterest expense | 10,246,000 | 21,410,000 | 32,453,000 | 44,075,000 |
| Provision for loan losses | 0 | 315,000 | 475,000 | 607,000 |
| Pretax income | 1,854,000 | 4,402,000 | 7,345,000 | 9,922,000 |
| Income tax | 303,000 | 698,000 | 1,186,000 | 1,577,000 |
| Net income | 1,130,000 | 2,615,000 | 4,464,000 | 5,933,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,366,000 | 64,573,000 | 66,606,000 | 68,224,000 |