Call reports 2014
INDEPENDENCE BANK — 2014
What INDEPENDENCE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 177,788,000 | 165,730,000 | 175,020,000 | 162,490,000 |
| Total loans | 99,700,000 | 101,924,000 | 101,737,000 | 106,805,000 |
| Allowance for loan losses | 2,826,000 | 2,925,000 | 3,102,000 | 3,275,000 |
| Securities available for sale | 36,855,000 | 44,956,000 | 44,637,000 | 42,803,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 157,537,000 | 145,255,000 | 154,127,000 | 141,459,000 |
| Interest-bearing deposits | 116,218,000 | 112,687,000 | 118,420,000 | 106,347,000 |
| Noninterest-bearing deposits | 41,319,000 | 32,568,000 | 35,707,000 | 35,112,000 |
| Equity capital | 20,047,000 | 20,051,000 | 20,407,000 | 20,781,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,497,000 | 3,040,000 | 4,670,000 | 6,237,000 |
| Interest expense | 96,000 | 182,000 | 266,000 | 348,000 |
| Net interest income | 1,401,000 | 2,858,000 | 4,404,000 | 5,889,000 |
| Noninterest income | 69,000 | 109,000 | 149,000 | 186,000 |
| Noninterest expense | 851,000 | 1,839,000 | 2,909,000 | 3,961,000 |
| Provision for loan losses | 268,000 | 361,000 | 524,000 | 771,000 |
| Pretax income | 411,000 | 910,000 | 1,391,000 | 1,705,000 |
| Income tax | 105,000 | 295,000 | 455,000 | 502,000 |
| Net income | 306,000 | 615,000 | 936,000 | 1,203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,276,000 | 20,185,000 | 20,505,000 | 20,773,000 |
| Total capital | 21,625,000 | 21,599,000 | 21,906,000 | 22,232,000 |
| Risk-weighted assets | 106,440,000 | 111,575,000 | 110,412,000 | 114,893,000 |
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