Call reports 2013
INDEPENDENT BANK — 2013
What INDEPENDENT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 806,586,000 | 826,467,000 | 772,416,000 | 806,582,000 |
| Total loans | 700,861,000 | 691,916,000 | 687,026,000 | 697,964,000 |
| Allowance for loan losses | 7,175,000 | 7,127,000 | 7,126,000 | 7,223,000 |
| Securities available for sale | 15,466,000 | 14,157,000 | 13,779,000 | 11,052,000 |
| Securities held to maturity | 0 | 2,020,000 | 1,974,000 | 1,927,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 666,873,000 | 717,179,000 | 656,637,000 | 677,393,000 |
| Interest-bearing deposits | 568,716,000 | 601,076,000 | 545,231,000 | 569,194,000 |
| Noninterest-bearing deposits | 98,157,000 | 116,103,000 | 111,406,000 | 108,199,000 |
| Equity capital | 102,825,000 | 102,313,000 | 104,625,000 | 106,366,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 8,906,000 | 17,486,000 | 25,934,000 | 34,308,000 |
| Interest expense | 1,009,000 | 1,797,000 | 2,549,000 | 3,237,000 |
| Net interest income | 7,897,000 | 15,689,000 | 23,385,000 | 31,071,000 |
| Noninterest income | 2,220,000 | 4,152,000 | 6,306,000 | 8,391,000 |
| Noninterest expense | 6,122,000 | 12,116,000 | 18,193,000 | 24,770,000 |
| Provision for loan losses | 1,203,000 | 1,702,000 | 2,089,000 | 2,661,000 |
| Pretax income | 2,792,000 | 6,023,000 | 9,409,000 | 12,031,000 |
| Income tax | 976,000 | 2,136,000 | 3,225,000 | 4,112,000 |
| Net income | 1,816,000 | 3,887,000 | 6,184,000 | 7,919,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,323,000 | 101,928,000 | 104,260,000 | 106,030,000 |
| Total capital | 109,498,000 | 109,055,000 | 111,386,000 | 113,253,000 |
| Risk-weighted assets | 767,727,000 | 781,832,000 | 766,046,000 | 789,307,000 |