Call reports 2017
INDEPENDENCE BANK — 2017
What INDEPENDENCE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 203,128,000 | 199,405,000 | 202,245,000 | 196,436,000 |
| Total loans | 104,757,000 | 109,199,000 | 113,920,000 | 110,672,000 |
| Allowance for loan losses | 3,226,000 | 3,250,000 | 3,326,000 | 3,302,000 |
| Securities available for sale | 37,940,000 | 40,248,000 | 41,136,000 | 43,611,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 180,521,000 | 176,631,000 | 178,728,000 | 173,670,000 |
| Interest-bearing deposits | 131,693,000 | 124,710,000 | 128,686,000 | 118,274,000 |
| Noninterest-bearing deposits | 48,828,000 | 51,921,000 | 50,042,000 | 55,396,000 |
| Equity capital | 22,328,000 | 22,358,000 | 22,706,000 | 22,561,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,486,000 | 3,114,000 | 4,871,000 | 6,536,000 |
| Interest expense | 100,000 | 200,000 | 315,000 | 424,000 |
| Net interest income | 1,386,000 | 2,914,000 | 4,556,000 | 6,112,000 |
| Noninterest income | 32,000 | 64,000 | 98,000 | 129,000 |
| Noninterest expense | 752,000 | 1,830,000 | 2,824,000 | 3,880,000 |
| Provision for loan losses | 205,000 | 265,000 | 335,000 | 383,000 |
| Pretax income | 475,000 | 950,000 | 1,622,000 | 2,091,000 |
| Income tax | 132,000 | 269,000 | 521,000 | 1,055,000 |
| Net income | 343,000 | 681,000 | 1,101,000 | 1,036,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,553,000 | 22,469,000 | 22,889,000 | 22,823,000 |
| Total capital | 24,027,000 | 23,952,000 | 24,426,000 | 24,327,000 |
| Risk-weighted assets | 116,160,000 | 116,876,000 | 121,159,000 | 118,511,000 |