Call reports 2020
INDEPENDENT BANK — 2020
What INDEPENDENT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,111,405,000 | 1,166,848,000 | 1,177,480,000 | 1,214,017,000 |
| Total loans | 937,063,000 | 933,396,000 | 968,231,000 | 946,874,000 |
| Allowance for loan losses | 8,758,000 | 8,328,000 | 8,723,000 | 10,713,000 |
| Securities available for sale | 1,347,000 | 1,106,000 | 954,000 | 915,000 |
| Securities held to maturity | 5,624,000 | 5,397,000 | 4,537,000 | 4,152,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 902,906,000 | 1,017,484,000 | 1,025,308,000 | 1,059,258,000 |
| Interest-bearing deposits | 737,454,000 | 784,438,000 | 782,487,000 | 804,453,000 |
| Noninterest-bearing deposits | 165,452,000 | 233,045,000 | 242,821,000 | 254,805,000 |
| Equity capital | 136,395,000 | 139,995,000 | 141,833,000 | 145,789,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 13,381,000 | 26,080,000 | 39,276,000 | 52,053,000 |
| Interest expense | 2,798,000 | 4,933,000 | 6,789,000 | 8,243,000 |
| Net interest income | 10,583,000 | 21,147,000 | 32,487,000 | 43,810,000 |
| Noninterest income | 4,080,000 | 7,997,000 | 13,016,000 | 18,363,000 |
| Noninterest expense | 9,687,000 | 19,534,000 | 29,997,000 | 39,486,000 |
| Provision for loan losses | 751,000 | 661,000 | 1,671,000 | 4,136,000 |
| Pretax income | 4,225,000 | 8,949,000 | 13,835,000 | 18,551,000 |
| Income tax | 955,000 | 2,058,000 | 3,177,000 | 4,012,000 |
| Net income | 3,270,000 | 6,891,000 | 10,658,000 | 14,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 121,587,000 | 125,179,000 | 127,027,000 | 130,987,000 |
| Total capital | 130,345,000 | 133,507,000 | 135,750,000 | 141,700,000 |
| Risk-weighted assets | 1,100,633,000 | 1,101,002,000 | 1,120,795,000 | 1,128,482,000 |