Call reports 2016
INDEPENDENCE BANK OF GEORGIA — 2016
What INDEPENDENCE BANK OF GEORGIA reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 |
|---|---|---|---|
| Total assets | 184,113,000 | 189,003,000 | 189,688,000 |
| Total loans | 136,472,000 | 148,028,000 | 151,089,000 |
| Allowance for loan losses | 1,605,000 | 1,658,000 | 1,706,000 |
| Securities available for sale | 35,166,000 | 31,061,000 | 29,040,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 151,242,000 | 151,240,000 | 156,538,000 |
| Interest-bearing deposits | 124,954,000 | 121,379,000 | 130,801,000 |
| Noninterest-bearing deposits | 26,289,000 | 29,861,000 | 25,737,000 |
| Equity capital | 23,554,000 | 24,076,000 | 24,432,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 |
|---|---|---|---|
| Interest income | 1,936,000 | 3,909,000 | 5,991,000 |
| Interest expense | 210,000 | 421,000 | 629,000 |
| Net interest income | 1,726,000 | 3,488,000 | 5,362,000 |
| Noninterest income | 51,000 | 106,000 | 163,000 |
| Noninterest expense | 1,163,000 | 2,313,000 | 3,626,000 |
| Provision for loan losses | 0 | 60,000 | 108,000 |
| Pretax income | 614,000 | 1,235,000 | 1,805,000 |
| Income tax | 196,000 | 389,000 | 603,000 |
| Net income | 418,000 | 846,000 | 1,202,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 |
|---|---|---|---|
| Tier 1 capital | 23,384,000 | 23,838,000 | 24,194,000 |
| Total capital | 24,989,000 | 25,496,000 | 25,900,000 |
| Risk-weighted assets | 139,900,000 | 156,097,000 | 156,098,000 |