Call reports 2016
INDEPENDENT BANK — 2016
What INDEPENDENT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 986,822,000 | 1,016,863,000 | 1,018,058,000 | 1,008,692,000 |
| Total loans | 867,387,000 | 876,962,000 | 864,147,000 | 847,863,000 |
| Allowance for loan losses | 9,692,000 | 9,652,000 | 9,424,000 | 9,646,000 |
| Securities available for sale | 7,478,000 | 5,344,000 | 5,200,000 | 5,058,000 |
| Securities held to maturity | 1,394,000 | 1,335,000 | 3,455,000 | 4,575,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 825,881,000 | 846,396,000 | 888,434,000 | 878,414,000 |
| Interest-bearing deposits | 680,912,000 | 706,714,000 | 715,236,000 | 697,281,000 |
| Noninterest-bearing deposits | 144,969,000 | 139,682,000 | 173,198,000 | 181,133,000 |
| Equity capital | 106,871,000 | 109,464,000 | 112,147,000 | 114,610,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 11,057,000 | 22,355,000 | 34,141,000 | 46,047,000 |
| Interest expense | 988,000 | 2,063,000 | 3,143,000 | 4,192,000 |
| Net interest income | 10,069,000 | 20,292,000 | 30,998,000 | 41,855,000 |
| Noninterest income | 3,017,000 | 6,149,000 | 9,527,000 | 12,708,000 |
| Noninterest expense | 8,412,000 | 16,541,000 | 25,119,000 | 33,466,000 |
| Provision for loan losses | 1,734,000 | 3,102,000 | 4,764,000 | 6,722,000 |
| Pretax income | 2,940,000 | 6,799,000 | 10,643,000 | 14,376,000 |
| Income tax | 977,000 | 2,312,000 | 3,520,000 | 4,835,000 |
| Net income | 1,963,000 | 4,487,000 | 7,123,000 | 9,541,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 91,903,000 | 94,497,000 | 97,212,000 | 99,715,000 |
| Total capital | 101,595,000 | 104,149,000 | 106,636,000 | 109,361,000 |
| Risk-weighted assets | 973,620,000 | 1,000,981,000 | 980,978,000 | 991,647,000 |