Call reports 2014
INDEPENDENT BANK — 2014
What INDEPENDENT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 827,036,000 | 884,836,000 | 881,106,000 | 905,965,000 |
| Total loans | 705,007,000 | 752,962,000 | 759,991,000 | 764,385,000 |
| Allowance for loan losses | 7,298,000 | 7,675,000 | 7,863,000 | 8,800,000 |
| Securities available for sale | 10,588,000 | 10,508,000 | 10,339,000 | 9,637,000 |
| Securities held to maturity | 1,874,000 | 1,821,000 | 1,760,000 | 1,696,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 709,680,000 | 733,815,000 | 701,932,000 | 740,307,000 |
| Interest-bearing deposits | 596,297,000 | 609,684,000 | 574,167,000 | 604,098,000 |
| Noninterest-bearing deposits | 113,383,000 | 124,131,000 | 127,765,000 | 136,209,000 |
| Equity capital | 107,892,000 | 111,243,000 | 113,731,000 | 113,127,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 8,285,000 | 18,145,000 | 28,893,000 | 39,626,000 |
| Interest expense | 565,000 | 1,157,000 | 1,755,000 | 2,400,000 |
| Net interest income | 7,720,000 | 16,988,000 | 27,138,000 | 37,226,000 |
| Noninterest income | 2,268,000 | 4,683,000 | 7,470,000 | 10,216,000 |
| Noninterest expense | 6,703,000 | 14,024,000 | 21,792,000 | 29,525,000 |
| Provision for loan losses | 1,055,000 | 1,920,000 | 3,272,000 | 5,499,000 |
| Pretax income | 2,230,000 | 5,727,000 | 9,544,000 | 12,418,000 |
| Income tax | 743,000 | 1,970,000 | 3,322,000 | 3,829,000 |
| Net income | 1,487,000 | 3,757,000 | 6,222,000 | 8,589,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,556,000 | 96,668,000 | 99,173,000 | 98,044,000 |
| Total capital | 114,854,000 | 104,343,000 | 107,036,000 | 106,844,000 |
| Risk-weighted assets | 793,206,000 | 847,342,000 | 844,579,000 | 864,318,000 |
Machine access — free, no API key
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