Call reports 2018
INDEPENDENT BANK — 2018
What INDEPENDENT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 957,896,000 | 1,019,354,000 | 996,788,000 | 1,062,153,000 |
| Total loans | 797,248,000 | 792,162,000 | 812,195,000 | 865,572,000 |
| Allowance for loan losses | 8,235,000 | 8,142,000 | 8,053,000 | 8,636,000 |
| Securities available for sale | 4,042,000 | 2,842,000 | 2,689,000 | 1,647,000 |
| Securities held to maturity | 4,198,000 | 4,130,000 | 4,059,000 | 5,078,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 813,374,000 | 854,963,000 | 828,594,000 | 892,443,000 |
| Interest-bearing deposits | 644,954,000 | 665,999,000 | 635,004,000 | 713,904,000 |
| Noninterest-bearing deposits | 168,420,000 | 188,964,000 | 193,590,000 | 178,539,000 |
| Equity capital | 119,177,000 | 122,365,000 | 124,554,000 | 127,888,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 10,884,000 | 22,052,000 | 33,787,000 | 46,475,000 |
| Interest expense | 1,080,000 | 2,306,000 | 3,880,000 | 5,986,000 |
| Net interest income | 9,804,000 | 19,746,000 | 29,907,000 | 40,489,000 |
| Noninterest income | 3,491,000 | 7,142,000 | 10,820,000 | 14,355,000 |
| Noninterest expense | 8,584,000 | 17,295,000 | 25,733,000 | 34,232,000 |
| Provision for loan losses | 1,160,000 | 2,040,000 | 3,518,000 | 4,954,000 |
| Pretax income | 3,551,000 | 7,553,000 | 11,476,000 | 15,658,000 |
| Income tax | 818,000 | 1,690,000 | 2,484,000 | 3,402,000 |
| Net income | 2,733,000 | 5,863,000 | 8,992,000 | 12,256,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 104,346,000 | 107,550,000 | 109,754,000 | 113,094,000 |
| Total capital | 112,581,000 | 115,692,000 | 117,807,000 | 121,730,000 |
| Risk-weighted assets | 923,773,000 | 948,992,000 | 956,063,000 | 1,036,309,000 |