Call reports 2015
INDEPENDENCE BANK — 2015
What INDEPENDENCE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 165,316,000 | 169,221,000 | 176,370,000 | 182,679,000 |
| Total loans | 107,920,000 | 103,286,000 | 104,379,000 | 102,594,000 |
| Allowance for loan losses | 3,475,000 | 3,475,000 | 3,648,000 | 3,577,000 |
| Securities available for sale | 38,090,000 | 38,759,000 | 34,583,000 | 35,129,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,851,000 | 147,839,000 | 154,514,000 | 160,922,000 |
| Interest-bearing deposits | 107,727,000 | 105,902,000 | 112,171,000 | 104,921,000 |
| Noninterest-bearing deposits | 36,124,000 | 41,937,000 | 42,343,000 | 56,001,000 |
| Equity capital | 21,222,000 | 21,023,000 | 21,423,000 | 21,659,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,570,000 | 3,159,000 | 4,668,000 | 6,194,000 |
| Interest expense | 76,000 | 155,000 | 237,000 | 320,000 |
| Net interest income | 1,494,000 | 3,004,000 | 4,431,000 | 5,874,000 |
| Noninterest income | 194,000 | 276,000 | 119,000 | 152,000 |
| Noninterest expense | 977,000 | 1,780,000 | 2,631,000 | 3,720,000 |
| Provision for loan losses | 193,000 | 549,000 | 745,000 | 835,000 |
| Pretax income | 518,000 | 951,000 | 1,396,000 | 1,783,000 |
| Income tax | 160,000 | 251,000 | 365,000 | 533,000 |
| Net income | 358,000 | 700,000 | 1,031,000 | 1,250,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,078,000 | 21,063,000 | 21,423,000 | 21,588,000 |
| Total capital | 21,532,000 | 22,395,000 | 22,811,000 | 22,931,000 |
| Risk-weighted assets | 114,375,000 | 104,397,000 | 108,786,000 | 105,174,000 |