Call reports 2024
FIRST INDEPENDENT BANK — 2024
What FIRST INDEPENDENT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 128,991,000 | 131,616,000 | 132,503,000 | 133,378,000 |
| Total loans | 72,496,000 | 72,457,000 | 73,794,000 | 73,965,000 |
| Allowance for loan losses | 856,000 | 936,000 | 972,000 | 961,000 |
| Securities available for sale | 36,101,000 | 33,371,000 | 33,142,000 | 35,149,000 |
| Securities held to maturity | 10,246,000 | 10,212,000 | 10,179,000 | 10,929,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,794,000 | 119,002,000 | 118,830,000 | 119,752,000 |
| Interest-bearing deposits | 87,725,000 | 88,424,000 | 90,131,000 | 92,586,000 |
| Noninterest-bearing deposits | 28,069,000 | 30,578,000 | 28,699,000 | 27,166,000 |
| Equity capital | 11,797,000 | 12,199,000 | 13,228,000 | 13,220,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,507,000 | 3,082,000 | 4,742,000 | 6,454,000 |
| Interest expense | 545,000 | 1,089,000 | 1,654,000 | 2,237,000 |
| Net interest income | 962,000 | 1,993,000 | 3,088,000 | 4,217,000 |
| Noninterest income | 119,000 | 205,000 | 314,000 | 411,000 |
| Noninterest expense | 798,000 | 1,579,000 | 2,352,000 | 3,103,000 |
| Provision for loan losses | -7,000 | 75,000 | 114,000 | 100,000 |
| Pretax income | 296,000 | 542,000 | 933,000 | 1,428,000 |
| Income tax | 75,000 | 137,000 | 238,000 | 364,000 |
| Net income | 221,000 | 405,000 | 695,000 | 1,064,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,393,000 | 14,578,000 | 14,867,000 | 15,235,000 |