Call reports 2023
FIRST INDEPENDENT BANK — 2023
What FIRST 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 | 127,724,000 | 127,751,000 | 126,398,000 | 128,452,000 |
| Total loans | 65,146,000 | 65,746,000 | 65,892,000 | 68,576,000 |
| Allowance for loan losses | 934,000 | 932,000 | 912,000 | 911,000 |
| Securities available for sale | 40,775,000 | 38,625,000 | 37,651,000 | 37,250,000 |
| Securities held to maturity | 10,159,000 | 10,124,000 | 10,090,000 | 10,472,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 114,779,000 | 116,196,000 | 115,287,000 | 113,286,000 |
| Interest-bearing deposits | 86,185,000 | 85,572,000 | 86,722,000 | 86,453,000 |
| Noninterest-bearing deposits | 28,594,000 | 30,624,000 | 28,565,000 | 26,833,000 |
| Equity capital | 11,014,000 | 10,783,000 | 10,768,000 | 11,843,000 |
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 | 1,129,000 | 2,361,000 | 3,656,000 | 5,041,000 |
| Interest expense | 253,000 | 593,000 | 989,000 | 1,451,000 |
| Net interest income | 876,000 | 1,768,000 | 2,667,000 | 3,590,000 |
| Noninterest income | 107,000 | 211,000 | 315,000 | 432,000 |
| Noninterest expense | 805,000 | 1,579,000 | 2,365,000 | 3,107,000 |
| Provision for loan losses | 18,000 | 19,000 | 22,000 | 27,000 |
| Pretax income | 160,000 | 381,000 | 595,000 | 888,000 |
| Income tax | 24,000 | 65,000 | 102,000 | 162,000 |
| Net income | 136,000 | 316,000 | 493,000 | 726,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,803,000 | 13,984,000 | 14,160,000 | 14,393,000 |