Call reports 2019
INDEPENDENT BANK — 2019
What INDEPENDENT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 1,022,091,000 | 1,037,670,000 | 1,055,904,000 | 1,110,566,000 |
| Total loans | 865,916,000 | 859,211,000 | 889,998,000 | 906,886,000 |
| Allowance for loan losses | 8,478,000 | 8,488,000 | 8,521,000 | 8,622,000 |
| Securities available for sale | 1,583,000 | 1,521,000 | 1,454,000 | 1,387,000 |
| Securities held to maturity | 6,117,000 | 6,040,000 | 5,878,000 | 5,700,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 879,622,000 | 872,743,000 | 886,992,000 | 915,613,000 |
| Interest-bearing deposits | 707,021,000 | 669,602,000 | 715,694,000 | 751,949,000 |
| Noninterest-bearing deposits | 172,601,000 | 203,141,000 | 171,298,000 | 163,664,000 |
| Equity capital | 127,259,000 | 130,837,000 | 132,405,000 | 136,040,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 12,815,000 | 25,960,000 | 39,125,000 | 52,467,000 |
| Interest expense | 2,526,000 | 5,152,000 | 7,929,000 | 10,901,000 |
| Net interest income | 10,289,000 | 20,808,000 | 31,196,000 | 41,566,000 |
| Noninterest income | 3,768,000 | 7,567,000 | 11,529,000 | 16,558,000 |
| Noninterest expense | 8,905,000 | 17,859,000 | 26,981,000 | 36,981,000 |
| Provision for loan losses | 923,000 | 1,733,000 | 2,476,000 | 3,770,000 |
| Pretax income | 4,229,000 | 8,783,000 | 13,268,000 | 17,373,000 |
| Income tax | 941,000 | 1,985,000 | 2,997,000 | 3,570,000 |
| Net income | 3,288,000 | 6,798,000 | 10,271,000 | 13,803,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 112,457,000 | 116,040,000 | 117,590,000 | 121,235,000 |
| Total capital | 120,935,000 | 124,528,000 | 126,111,000 | 129,857,000 |
| Risk-weighted assets | 1,014,192,000 | 1,021,965,000 | 1,043,510,000 | 1,088,118,000 |