Call reports 2022
INDEPENDENT BANK — 2022
What INDEPENDENT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,287,101,000 | 1,239,172,000 | 1,237,595,000 | 1,312,940,000 |
| Total loans | 923,321,000 | 1,009,122,000 | 1,048,307,000 | 1,111,677,000 |
| Allowance for loan losses | 10,394,000 | 10,519,000 | 10,644,000 | 10,466,000 |
| Securities available for sale | 643,000 | 525,000 | 458,000 | 442,000 |
| Securities held to maturity | 5,536,000 | 5,002,000 | 4,820,000 | 4,769,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,135,330,000 | 1,082,026,000 | 1,074,639,000 | 1,111,693,000 |
| Interest-bearing deposits | 848,689,000 | 786,324,000 | 770,392,000 | 834,336,000 |
| Noninterest-bearing deposits | 286,641,000 | 295,701,000 | 304,246,000 | 277,356,000 |
| Equity capital | 147,897,000 | 153,131,000 | 157,498,000 | 163,063,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 12,496,000 | 26,764,000 | 42,735,000 | 61,161,000 |
| Interest expense | 675,000 | 1,302,000 | 1,997,000 | 4,249,000 |
| Net interest income | 11,821,000 | 25,462,000 | 40,738,000 | 56,912,000 |
| Noninterest income | 4,098,000 | 8,109,000 | 10,938,000 | 13,804,000 |
| Noninterest expense | 10,572,000 | 21,164,000 | 31,992,000 | 43,584,000 |
| Provision for loan losses | 349,000 | 675,000 | 1,073,000 | 1,362,000 |
| Pretax income | 4,998,000 | 11,732,000 | 18,611,000 | 25,770,000 |
| Income tax | 1,168,000 | 2,761,000 | 4,364,000 | 6,058,000 |
| Net income | 3,830,000 | 8,971,000 | 14,247,000 | 19,712,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 133,132,000 | 138,379,000 | 142,759,000 | 148,323,000 |
| Total capital | 143,526,000 | 148,898,000 | 153,403,000 | 158,789,000 |
| Risk-weighted assets | 1,075,261,000 | 1,170,874,000 | 1,181,594,000 | 1,266,632,000 |