Call reports 2013
INDEPENDENCE BANK OF GEORGIA — 2013
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 140,372,000 | 143,804,000 | 157,813,000 | 160,539,000 |
| Total loans | 100,484,000 | 105,654,000 | 110,055,000 | 113,896,000 |
| Allowance for loan losses | 1,331,000 | 1,382,000 | 1,436,000 | 1,511,000 |
| Securities available for sale | 25,243,000 | 25,267,000 | 29,493,000 | 31,388,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 117,854,000 | 118,658,000 | 132,332,000 | 134,719,000 |
| Interest-bearing deposits | 108,338,000 | 107,958,000 | 121,296,000 | 121,990,000 |
| Noninterest-bearing deposits | 9,516,000 | 10,700,000 | 11,037,000 | 12,730,000 |
| Equity capital | 19,272,000 | 19,018,000 | 19,271,000 | 19,525,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,488,000 | 3,059,000 | 4,735,000 | 6,443,000 |
| Interest expense | 177,000 | 358,000 | 585,000 | 827,000 |
| Net interest income | 1,311,000 | 2,701,000 | 4,150,000 | 5,616,000 |
| Noninterest income | 32,000 | 72,000 | 109,000 | 148,000 |
| Noninterest expense | 873,000 | 1,752,000 | 2,702,000 | 3,650,000 |
| Provision for loan losses | 45,000 | 96,000 | 168,000 | 243,000 |
| Pretax income | 425,000 | 925,000 | 1,389,000 | 1,871,000 |
| Income tax | 154,000 | 343,000 | 494,000 | 668,000 |
| Net income | 271,000 | 582,000 | 895,000 | 1,203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,129,000 | 19,473,000 | 19,817,000 | 20,153,000 |
| Total capital | 20,432,000 | 20,844,000 | 21,253,000 | 21,628,000 |
| Risk-weighted assets | 104,239,000 | 109,679,000 | 115,557,000 | 117,993,000 |