Call reports 2008
INDEPENDENCE BANK — 2008
What INDEPENDENCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 164,066,000 | 162,817,000 | 165,658,000 | 159,623,000 |
| Total loans | 112,370,000 | 117,497,000 | 117,745,000 | 121,687,000 |
| Allowance for loan losses | 3,150,000 | 3,180,000 | 3,350,000 | 3,700,000 |
| Securities available for sale | 33,760,000 | 31,168,000 | 28,981,000 | 26,694,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,554,000 | 144,786,000 | 147,514,000 | 141,905,000 |
| Interest-bearing deposits | 121,358,000 | 119,997,000 | 122,519,000 | 114,490,000 |
| Noninterest-bearing deposits | 25,196,000 | 24,789,000 | 24,995,000 | 27,416,000 |
| Equity capital | 16,163,000 | 16,253,000 | 16,287,000 | 16,727,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,584,000 | 4,946,000 | 7,188,000 | 9,406,000 |
| Interest expense | 1,279,000 | 2,314,000 | 3,232,000 | 3,895,000 |
| Net interest income | 1,305,000 | 2,632,000 | 3,956,000 | 5,511,000 |
| Noninterest income | 71,000 | 152,000 | 226,000 | 297,000 |
| Noninterest expense | 891,000 | 1,768,000 | 2,528,000 | 3,472,000 |
| Provision for loan losses | 16,000 | 45,000 | 226,000 | 664,000 |
| Pretax income | 496,000 | 1,000,000 | 1,405,000 | 1,502,000 |
| Income tax | 170,000 | 330,000 | 450,000 | 500,000 |
| Net income | 326,000 | 670,000 | 955,000 | 1,002,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,153,000 | 16,496,000 | 16,592,000 | 16,712,000 |
| Total capital | 17,784,000 | 18,143,000 | 18,231,000 | 18,382,000 |
| Risk-weighted assets | 127,240,000 | 129,489,000 | 129,426,000 | 131,546,000 |
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Every figure shown here about INDEPENDENCE BANK — 2008 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts, and since 27 September get_timeseries for a metric over time with its gap years made explicit and compare_entities for several entities on one shared period) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.