Call reports 2011
INDEPENDENCE BANK OF GEORGIA — 2011
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 103,149,000 | 113,105,000 | 119,370,000 | 122,808,000 |
| Total loans | 76,786,000 | 77,007,000 | 82,647,000 | 82,959,000 |
| Allowance for loan losses | 959,000 | 1,007,000 | 1,061,000 | 1,206,000 |
| Securities available for sale | 13,721,000 | 17,370,000 | 21,893,000 | 22,310,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,099,000 | 96,665,000 | 102,478,000 | 104,826,000 |
| Interest-bearing deposits | 83,473,000 | 92,514,000 | 95,796,000 | 96,248,000 |
| Noninterest-bearing deposits | 3,626,000 | 4,151,000 | 6,682,000 | 8,577,000 |
| Equity capital | 15,976,000 | 16,303,000 | 16,667,000 | 17,830,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,225,000 | 2,525,000 | 3,883,000 | 5,280,000 |
| Interest expense | 279,000 | 563,000 | 843,000 | 1,118,000 |
| Net interest income | 946,000 | 1,962,000 | 3,040,000 | 4,162,000 |
| Noninterest income | 17,000 | 41,000 | 70,000 | 98,000 |
| Noninterest expense | 836,000 | 1,688,000 | 2,541,000 | 3,363,000 |
| Provision for loan losses | 111,000 | 159,000 | 213,000 | 358,000 |
| Pretax income | 16,000 | 156,000 | 356,000 | 539,000 |
| Income tax | 0 | 4,000 | 6,000 | -969,000 |
| Net income | 16,000 | 152,000 | 350,000 | 1,508,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,065,000 | 16,269,000 | 16,535,000 | 17,760,000 |
| Total capital | 17,024,000 | 17,241,000 | 17,578,000 | 18,824,000 |
| Risk-weighted assets | 76,456,000 | 77,732,000 | 83,425,000 | 84,962,000 |