Call reports 2023
INDEPENDENT BANK — 2023
What INDEPENDENT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,355,828,000 | 1,429,303,000 | 1,414,015,000 | 1,462,968,000 |
| Total loans | 1,138,565,000 | 1,157,406,000 | 1,194,806,000 | 1,193,925,000 |
| Allowance for loan losses | 17,786,000 | 15,347,000 | 15,351,000 | 15,164,000 |
| Securities available for sale | 429,000 | 400,000 | 371,000 | 369,000 |
| Securities held to maturity | 4,718,000 | 4,669,000 | 4,415,000 | 4,369,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,104,277,000 | 1,137,580,000 | 1,173,687,000 | 1,248,982,000 |
| Interest-bearing deposits | 846,016,000 | 897,432,000 | 930,284,000 | 1,026,964,000 |
| Noninterest-bearing deposits | 258,261,000 | 240,148,000 | 243,403,000 | 222,018,000 |
| Equity capital | 157,762,000 | 163,033,000 | 160,004,000 | 164,661,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 19,741,000 | 40,691,000 | 62,887,000 | 86,579,000 |
| Interest expense | 4,490,000 | 10,812,000 | 18,403,000 | 27,145,000 |
| Net interest income | 15,251,000 | 29,879,000 | 44,484,000 | 59,434,000 |
| Noninterest income | 3,713,000 | 7,562,000 | 11,078,000 | 14,196,000 |
| Noninterest expense | 11,505,000 | 22,904,000 | 34,533,000 | 46,297,000 |
| Provision for loan losses | 492,000 | 859,000 | 1,282,000 | 2,240,000 |
| Pretax income | 6,967,000 | 13,678,000 | 19,747,000 | 25,093,000 |
| Income tax | 1,646,000 | 3,271,000 | 4,544,000 | 5,431,000 |
| Net income | 5,321,000 | 10,407,000 | 15,203,000 | 19,662,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 143,022,000 | 148,301,000 | 145,276,000 | 149,929,000 |
| Total capital | 158,918,000 | 163,648,000 | 160,627,000 | 165,093,000 |
| Risk-weighted assets | 1,269,803,000 | 1,316,129,000 | 1,335,917,000 | 1,373,351,000 |