Call reports 2021
INDEPENDENT BANK — 2021
What INDEPENDENT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,195,051,000 | 1,203,190,000 | 1,239,666,000 | 1,290,156,000 |
| Total loans | 918,620,000 | 900,199,000 | 888,339,000 | 889,938,000 |
| Allowance for loan losses | 10,509,000 | 10,504,000 | 9,769,000 | 10,269,000 |
| Securities available for sale | 885,000 | 850,000 | 740,000 | 694,000 |
| Securities held to maturity | 3,541,000 | 3,175,000 | 4,328,000 | 5,763,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,042,137,000 | 1,045,611,000 | 1,084,230,000 | 1,137,217,000 |
| Interest-bearing deposits | 764,499,000 | 753,931,000 | 771,255,000 | 843,346,000 |
| Noninterest-bearing deposits | 277,638,000 | 291,680,000 | 312,975,000 | 293,871,000 |
| Equity capital | 146,671,000 | 151,006,000 | 145,222,000 | 147,950,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 12,325,000 | 24,922,000 | 37,322,000 | 49,576,000 |
| Interest expense | 1,145,000 | 2,094,000 | 2,910,000 | 3,618,000 |
| Net interest income | 11,180,000 | 22,828,000 | 34,412,000 | 45,958,000 |
| Noninterest income | 4,303,000 | 8,094,000 | 12,115,000 | 15,880,000 |
| Noninterest expense | 10,191,000 | 20,258,000 | 30,123,000 | 40,915,000 |
| Provision for loan losses | 375,000 | 255,000 | 559,000 | 1,652,000 |
| Pretax income | 4,917,000 | 10,409,000 | 15,845,000 | 19,271,000 |
| Income tax | 1,147,000 | 2,412,000 | 3,712,000 | 4,516,000 |
| Net income | 3,770,000 | 7,997,000 | 12,133,000 | 14,755,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 131,871,000 | 136,210,000 | 130,430,000 | 133,167,000 |
| Total capital | 142,380,000 | 146,714,000 | 140,199,000 | 143,436,000 |
| Risk-weighted assets | 1,086,507,000 | 1,097,200,000 | 1,059,399,000 | 1,061,620,000 |
Machine access — free, no API key
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