Call reports 2010
INDEPENDENCE BANK OF GEORGIA — 2010
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 70,020,000 | 72,126,000 | 89,295,000 | 95,014,000 |
| Total loans | 47,687,000 | 54,133,000 | 66,134,000 | 73,094,000 |
| Allowance for loan losses | 525,000 | 595,000 | 728,000 | 848,000 |
| Securities available for sale | 8,261,000 | 9,757,000 | 12,033,000 | 12,590,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,949,000 | 56,036,000 | 73,136,000 | 78,985,000 |
| Interest-bearing deposits | 51,322,000 | 53,186,000 | 69,382,000 | 76,288,000 |
| Noninterest-bearing deposits | 2,627,000 | 2,850,000 | 3,754,000 | 2,697,000 |
| Equity capital | 15,998,000 | 15,964,000 | 15,943,000 | 15,914,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 749,000 | 1,629,000 | 2,676,000 | 3,872,000 |
| Interest expense | 226,000 | 500,000 | 796,000 | 1,100,000 |
| Net interest income | 523,000 | 1,129,000 | 1,880,000 | 2,772,000 |
| Noninterest income | 7,000 | 22,000 | 39,000 | 56,000 |
| Noninterest expense | 620,000 | 1,325,000 | 2,038,000 | 2,778,000 |
| Provision for loan losses | 120,000 | 190,000 | 322,000 | 443,000 |
| Pretax income | -210,000 | -364,000 | -441,000 | -393,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -210,000 | -364,000 | -441,000 | -393,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,961,000 | 15,874,000 | 15,865,000 | 15,980,000 |
| Total capital | 16,486,000 | 16,469,000 | 16,593,000 | 16,828,000 |
| Risk-weighted assets | 49,811,000 | 53,874,000 | 67,428,000 | 73,292,000 |
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