Call reports 2017
INDEPENDENT BANK — 2017
What INDEPENDENT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 982,676,000 | 1,017,980,000 | 995,086,000 | 1,004,867,000 |
| Total loans | 813,387,000 | 816,593,000 | 816,617,000 | 804,263,000 |
| Allowance for loan losses | 9,367,000 | 9,323,000 | 9,586,000 | 8,100,000 |
| Securities available for sale | 4,919,000 | 4,714,000 | 4,236,000 | 4,148,000 |
| Securities held to maturity | 4,492,000 | 4,411,000 | 4,334,000 | 4,266,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 855,259,000 | 837,935,000 | 844,453,000 | 850,246,000 |
| Interest-bearing deposits | 689,134,000 | 664,854,000 | 667,684,000 | 659,062,000 |
| Noninterest-bearing deposits | 166,125,000 | 173,081,000 | 176,769,000 | 191,184,000 |
| Equity capital | 114,123,000 | 116,658,000 | 119,373,000 | 120,384,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 11,138,000 | 21,972,000 | 33,259,000 | 44,352,000 |
| Interest expense | 1,029,000 | 2,083,000 | 3,182,000 | 4,293,000 |
| Net interest income | 10,109,000 | 19,889,000 | 30,077,000 | 40,059,000 |
| Noninterest income | 3,292,000 | 6,737,000 | 10,135,000 | 13,788,000 |
| Noninterest expense | 8,702,000 | 17,181,000 | 25,545,000 | 34,287,000 |
| Provision for loan losses | 930,000 | 1,893,000 | 3,080,000 | 7,042,000 |
| Pretax income | 3,769,000 | 7,552,000 | 11,587,000 | 12,518,000 |
| Income tax | 1,332,000 | 2,648,000 | 4,035,000 | 4,099,000 |
| Net income | 2,437,000 | 4,904,000 | 7,552,000 | 8,419,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 99,237,000 | 101,791,000 | 104,524,000 | 105,533,000 |
| Total capital | 108,604,000 | 111,114,000 | 114,110,000 | 113,633,000 |
| Risk-weighted assets | 940,572,000 | 971,354,000 | 950,230,000 | 952,983,000 |