Call reports 2011
INDEPENDENCE BANK — 2011
What INDEPENDENCE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 161,367,000 | 163,372,000 | 167,740,000 | 156,850,000 |
| Total loans | 109,058,000 | 109,529,000 | 108,408,000 | 101,664,000 |
| Allowance for loan losses | 4,375,000 | 4,500,000 | 4,525,000 | 4,225,000 |
| Securities available for sale | 27,713,000 | 31,149,000 | 31,668,000 | 32,753,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,467,000 | 143,688,000 | 147,555,000 | 137,460,000 |
| Interest-bearing deposits | 116,244,000 | 115,065,000 | 118,568,000 | 106,076,000 |
| Noninterest-bearing deposits | 26,223,000 | 28,623,000 | 28,987,000 | 31,384,000 |
| Equity capital | 18,495,000 | 18,913,000 | 19,227,000 | 19,110,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,788,000 | 3,555,000 | 5,298,000 | 7,008,000 |
| Interest expense | 328,000 | 692,000 | 1,031,000 | 1,284,000 |
| Net interest income | 1,460,000 | 2,863,000 | 4,267,000 | 5,724,000 |
| Noninterest income | 41,000 | 81,000 | 118,000 | 153,000 |
| Noninterest expense | 893,000 | 1,828,000 | 2,806,000 | 3,943,000 |
| Provision for loan losses | 317,000 | 474,000 | 799,000 | 1,023,000 |
| Pretax income | 388,000 | 879,000 | 1,347,000 | 1,660,000 |
| Income tax | 85,000 | 230,000 | 340,000 | 460,000 |
| Net income | 303,000 | 649,000 | 1,007,000 | 1,200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,390,000 | 18,736,000 | 18,896,000 | 18,863,000 |
| Total capital | 19,777,000 | 20,118,000 | 20,221,000 | 20,226,000 |
| Risk-weighted assets | 107,943,000 | 107,410,000 | 102,827,000 | 106,143,000 |
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