Call reports 2009
INDEPENDENCE BANK OF GEORGIA — 2009
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 35,457,000 | 42,564,000 | 54,002,000 | 56,145,000 |
| Total loans | 19,427,000 | 26,269,000 | 32,498,000 | 36,796,000 |
| Allowance for loan losses | 213,000 | 289,000 | 358,000 | 405,000 |
| Securities available for sale | 5,879,000 | 5,539,000 | 6,368,000 | 8,907,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,454,000 | 25,921,000 | 37,530,000 | 39,908,000 |
| Interest-bearing deposits | 16,566,000 | 22,871,000 | 34,826,000 | 36,776,000 |
| Noninterest-bearing deposits | 1,888,000 | 3,050,000 | 2,704,000 | 3,132,000 |
| Equity capital | 16,951,000 | 16,590,000 | 16,371,000 | 16,145,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 259,000 | 704,000 | 1,246,000 | 1,883,000 |
| Interest expense | 85,000 | 213,000 | 404,000 | 634,000 |
| Net interest income | 174,000 | 491,000 | 842,000 | 1,249,000 |
| Noninterest income | 2,000 | 5,000 | 9,000 | 13,000 |
| Noninterest expense | 607,000 | 1,225,000 | 1,867,000 | 2,479,000 |
| Provision for loan losses | 143,000 | 219,000 | 287,000 | 335,000 |
| Pretax income | -574,000 | -948,000 | -1,303,000 | -1,552,000 |
| Income tax | 4,000 | 4,000 | 0 | 0 |
| Net income | -578,000 | -952,000 | -1,303,000 | -1,552,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,927,000 | 16,602,000 | 16,309,000 | 16,127,000 |
| Total capital | 17,140,000 | 16,891,000 | 16,667,000 | 16,532,000 |
| Risk-weighted assets | 20,957,000 | 27,281,000 | 34,272,000 | 37,868,000 |
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