Call reports 2016
INDEPENDENCE BANK — 2016
What INDEPENDENCE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 184,620,000 | 187,824,000 | 194,047,000 | 181,549,000 |
| Total loans | 105,622,000 | 106,138,000 | 103,213,000 | 102,449,000 |
| Allowance for loan losses | 3,676,000 | 3,654,000 | 3,550,000 | 3,401,000 |
| Securities available for sale | 34,553,000 | 34,966,000 | 36,448,000 | 37,642,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,151,000 | 165,249,000 | 171,189,000 | 159,475,000 |
| Interest-bearing deposits | 109,575,000 | 115,288,000 | 116,706,000 | 114,075,000 |
| Noninterest-bearing deposits | 52,576,000 | 49,961,000 | 54,483,000 | 45,400,000 |
| Equity capital | 22,093,000 | 22,018,000 | 22,231,000 | 21,927,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,520,000 | 3,054,000 | 4,545,000 | 6,041,000 |
| Interest expense | 79,000 | 167,000 | 259,000 | 354,000 |
| Net interest income | 1,441,000 | 2,887,000 | 4,286,000 | 5,687,000 |
| Noninterest income | 40,000 | 79,000 | 113,000 | 145,000 |
| Noninterest expense | 951,000 | 1,776,000 | 2,624,000 | 3,789,000 |
| Provision for loan losses | 96,000 | 373,000 | 562,000 | 470,000 |
| Pretax income | 496,000 | 985,000 | 1,498,000 | 1,876,000 |
| Income tax | 137,000 | 284,000 | 486,000 | 621,000 |
| Net income | 359,000 | 701,000 | 1,012,000 | 1,255,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,911,000 | 21,833,000 | 22,215,000 | 21,644,000 |
| Total capital | 23,236,000 | 23,148,000 | 23,535,000 | 23,117,000 |
| Risk-weighted assets | 103,687,000 | 102,877,000 | 103,376,000 | 115,875,000 |