Call reports 2014
INDEPENDENCE BANK OF GEORGIA — 2014
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 162,931,000 | 168,303,000 | 163,705,000 | 168,228,000 |
| Total loans | 111,397,000 | 113,160,000 | 117,128,000 | 118,010,000 |
| Allowance for loan losses | 1,583,000 | 1,618,000 | 1,617,000 | 1,611,000 |
| Securities available for sale | 30,153,000 | 34,094,000 | 35,345,000 | 34,597,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,386,000 | 141,357,000 | 136,176,000 | 137,134,000 |
| Interest-bearing deposits | 125,261,000 | 125,967,000 | 120,449,000 | 117,380,000 |
| Noninterest-bearing deposits | 11,125,000 | 15,390,000 | 15,727,000 | 19,754,000 |
| Equity capital | 20,095,000 | 20,665,000 | 21,106,000 | 21,669,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,727,000 | 3,465,000 | 5,241,000 | 7,032,000 |
| Interest expense | 223,000 | 446,000 | 668,000 | 880,000 |
| Net interest income | 1,504,000 | 3,019,000 | 4,573,000 | 6,152,000 |
| Noninterest income | 42,000 | 93,000 | 149,000 | 203,000 |
| Noninterest expense | 949,000 | 1,962,000 | 2,997,000 | 3,975,000 |
| Provision for loan losses | 71,000 | 106,000 | 106,000 | 100,000 |
| Pretax income | 526,000 | 1,044,000 | 1,619,000 | 2,309,000 |
| Income tax | 185,000 | 365,000 | 572,000 | 807,000 |
| Net income | 341,000 | 679,000 | 1,047,000 | 1,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,525,000 | 20,893,000 | 21,292,000 | 21,756,000 |
| Total capital | 21,994,000 | 22,432,000 | 22,791,000 | 23,285,000 |
| Risk-weighted assets | 117,427,000 | 123,030,000 | 119,789,000 | 122,264,000 |
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