Call reports 2010
INDEPENDENCE BANK — 2010
What INDEPENDENCE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 152,640,000 | 164,417,000 | 168,046,000 | 161,603,000 |
| Total loans | 116,706,000 | 117,043,000 | 112,576,000 | 109,686,000 |
| Allowance for loan losses | 4,275,000 | 4,300,000 | 4,350,000 | 4,650,000 |
| Securities available for sale | 28,759,000 | 25,486,000 | 34,700,000 | 31,656,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 134,055,000 | 144,828,000 | 148,314,000 | 142,334,000 |
| Interest-bearing deposits | 112,265,000 | 120,057,000 | 123,663,000 | 114,053,000 |
| Noninterest-bearing deposits | 21,790,000 | 24,771,000 | 24,651,000 | 28,281,000 |
| Equity capital | 17,947,000 | 18,454,000 | 18,595,000 | 18,380,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,907,000 | 3,880,000 | 5,796,000 | 7,630,000 |
| Interest expense | 344,000 | 717,000 | 1,124,000 | 1,495,000 |
| Net interest income | 1,563,000 | 3,163,000 | 4,672,000 | 6,135,000 |
| Noninterest income | 58,000 | 115,000 | 165,000 | 205,000 |
| Noninterest expense | 915,000 | 1,905,000 | 2,817,000 | 3,991,000 |
| Provision for loan losses | 291,000 | 591,000 | 1,104,000 | 1,479,000 |
| Pretax income | 453,000 | 916,000 | 1,400,000 | 1,515,000 |
| Income tax | 150,000 | 300,000 | 400,000 | 410,000 |
| Net income | 303,000 | 616,000 | 1,000,000 | 1,105,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,645,000 | 17,958,000 | 18,144,000 | 18,285,000 |
| Total capital | 19,400,000 | 19,861,000 | 19,923,000 | 20,019,000 |
| Risk-weighted assets | 138,639,000 | 150,491,000 | 139,732,000 | 135,810,000 |
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