Call reports 2015
INDEPENDENCE BANK OF GEORGIA — 2015
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 173,883,000 | 185,134,000 | 185,333,000 | 183,472,000 |
| Total loans | 119,009,000 | 128,619,000 | 124,587,000 | 133,820,000 |
| Allowance for loan losses | 1,606,000 | 1,606,000 | 1,606,000 | 1,605,000 |
| Securities available for sale | 34,383,000 | 34,519,000 | 35,850,000 | 37,044,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,158,000 | 153,786,000 | 153,335,000 | 151,229,000 |
| Interest-bearing deposits | 119,165,000 | 119,842,000 | 122,651,000 | 125,210,000 |
| Noninterest-bearing deposits | 22,993,000 | 33,944,000 | 30,684,000 | 26,019,000 |
| Equity capital | 22,290,000 | 21,958,000 | 22,577,000 | 22,935,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,741,000 | 3,546,000 | 5,401,000 | 7,276,000 |
| Interest expense | 210,000 | 424,000 | 636,000 | 848,000 |
| Net interest income | 1,531,000 | 3,122,000 | 4,765,000 | 6,428,000 |
| Noninterest income | 54,000 | 104,000 | 159,000 | 214,000 |
| Noninterest expense | 1,047,000 | 2,106,000 | 3,177,000 | 4,264,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 538,000 | 1,120,000 | 1,747,000 | 2,378,000 |
| Income tax | 173,000 | 367,000 | 576,000 | 755,000 |
| Net income | 365,000 | 753,000 | 1,171,000 | 1,623,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,121,000 | 22,093,000 | 22,514,000 | 22,965,000 |
| Total capital | 23,677,000 | 23,699,000 | 24,091,000 | 24,570,000 |
| Risk-weighted assets | 124,405,000 | 133,277,000 | 126,138,000 | 135,788,000 |