Call reports 2010
INDEPENDENT BANK — 2010
What INDEPENDENT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 778,307,000 | 783,265,000 | 760,744,000 | 793,135,000 |
| Total loans | 666,450,000 | 689,544,000 | 693,862,000 | 683,776,000 |
| Allowance for loan losses | 7,744,000 | 7,666,000 | 7,841,000 | 7,729,000 |
| Securities available for sale | 30,918,000 | 30,715,000 | 28,082,000 | 26,485,000 |
| Securities held to maturity | 0 | 1,140,000 | 0 | 1,005,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 669,724,000 | 686,540,000 | 667,621,000 | 701,905,000 |
| Interest-bearing deposits | 594,432,000 | 615,386,000 | 594,348,000 | 617,275,000 |
| Noninterest-bearing deposits | 75,292,000 | 71,155,000 | 73,273,000 | 84,630,000 |
| Equity capital | 66,383,000 | 68,254,000 | 70,235,000 | 69,695,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 10,839,000 | 21,533,000 | 32,429,000 | 43,100,000 |
| Interest expense | 2,996,000 | 5,931,000 | 8,883,000 | 11,637,000 |
| Net interest income | 7,843,000 | 15,602,000 | 23,546,000 | 31,463,000 |
| Noninterest income | 1,268,000 | 2,665,000 | 4,025,000 | 5,322,000 |
| Noninterest expense | 5,220,000 | 10,476,000 | 15,727,000 | 21,022,000 |
| Provision for loan losses | 895,000 | 1,948,000 | 2,903,000 | 4,020,000 |
| Pretax income | 2,996,000 | 5,843,000 | 8,942,000 | 11,744,000 |
| Income tax | 1,083,000 | 2,113,000 | 3,255,000 | 4,249,000 |
| Net income | 1,913,000 | 3,730,000 | 5,687,000 | 7,495,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,485,000 | 67,331,000 | 69,308,000 | 69,026,000 |
| Total capital | 83,229,000 | 84,997,000 | 87,149,000 | 86,755,000 |
| Risk-weighted assets | 716,344,000 | 749,362,000 | 740,897,000 | 743,987,000 |
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