Call reports 2007
INDEPENDENT BANK — 2007
What INDEPENDENT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 528,312,000 | 583,410,000 | 572,324,000 | 588,219,000 |
| Total loans | 467,424,000 | 498,513,000 | 501,294,000 | 504,351,000 |
| Allowance for loan losses | 4,731,000 | 4,985,000 | 5,018,000 | 6,154,000 |
| Securities available for sale | 40,127,000 | 41,625,000 | 43,772,000 | 45,867,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 461,700,000 | 516,263,000 | 502,594,000 | 519,176,000 |
| Interest-bearing deposits | 420,324,000 | 471,460,000 | 453,008,000 | 469,471,000 |
| Noninterest-bearing deposits | 41,377,000 | 44,803,000 | 49,586,000 | 49,705,000 |
| Equity capital | 49,215,000 | 49,410,000 | 52,459,000 | 53,554,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 8,377,000 | 17,420,000 | 27,107,000 | 36,717,000 |
| Interest expense | 4,968,000 | 10,225,000 | 15,845,000 | 21,141,000 |
| Net interest income | 3,409,000 | 7,195,000 | 11,262,000 | 15,576,000 |
| Noninterest income | 1,524,000 | 2,935,000 | 4,445,000 | 5,847,000 |
| Noninterest expense | 3,561,000 | 7,326,000 | 11,190,000 | 15,266,000 |
| Provision for loan losses | 494,000 | 1,108,000 | 1,915,000 | 4,206,000 |
| Pretax income | 878,000 | 1,696,000 | 2,602,000 | 1,951,000 |
| Income tax | 257,000 | 496,000 | 769,000 | 445,000 |
| Net income | 621,000 | 1,200,000 | 1,833,000 | 1,506,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,573,000 | 50,190,000 | 52,860,000 | 53,570,000 |
| Total capital | 54,304,000 | 55,175,000 | 57,878,000 | 59,724,000 |
| Risk-weighted assets | 513,481,000 | 546,489,000 | 545,424,000 | 551,115,000 |
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