Call reports 2008
INDEPENDENT BANK — 2008
What INDEPENDENT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 609,931,000 | 642,572,000 | 662,687,000 | 675,413,000 |
| Total loans | 507,847,000 | 535,694,000 | 589,423,000 | 599,075,000 |
| Allowance for loan losses | 5,787,000 | 5,787,000 | 5,943,000 | 7,063,000 |
| Securities available for sale | 68,907,000 | 43,491,000 | 44,682,000 | 40,544,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 536,389,000 | 567,478,000 | 525,838,000 | 530,827,000 |
| Interest-bearing deposits | 483,913,000 | 517,913,000 | 480,531,000 | 481,552,000 |
| Noninterest-bearing deposits | 52,476,000 | 49,565,000 | 45,307,000 | 49,275,000 |
| Equity capital | 54,642,000 | 54,769,000 | 59,155,000 | 58,630,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 9,285,000 | 18,683,000 | 28,613,000 | 38,616,000 |
| Interest expense | 4,786,000 | 9,092,000 | 13,253,000 | 17,162,000 |
| Net interest income | 4,499,000 | 9,591,000 | 15,360,000 | 21,454,000 |
| Noninterest income | 1,367,000 | 2,769,000 | 4,276,000 | 5,518,000 |
| Noninterest expense | 4,310,000 | 8,754,000 | 13,304,000 | 17,947,000 |
| Provision for loan losses | 785,000 | 1,685,000 | 3,305,000 | 6,336,000 |
| Pretax income | 773,000 | 1,925,000 | 3,031,000 | 2,693,000 |
| Income tax | 207,000 | 539,000 | 874,000 | 646,000 |
| Net income | 566,000 | 1,386,000 | 2,157,000 | 2,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,173,000 | 55,031,000 | 59,274,000 | 58,356,000 |
| Total capital | 59,960,000 | 60,818,000 | 65,217,000 | 65,419,000 |
| Risk-weighted assets | 566,285,000 | 591,846,000 | 636,683,000 | 646,294,000 |
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