Call reports 2018
INDEPENDENCE BANK — 2018
What INDEPENDENCE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 193,575,000 | 193,836,000 | 189,675,000 | 186,001,000 |
| Total loans | 111,982,000 | 113,032,000 | 114,805,000 | 113,202,000 |
| Allowance for loan losses | 3,376,000 | 3,476,000 | 3,551,000 | 3,649,000 |
| Securities available for sale | 45,536,000 | 45,174,000 | 44,340,000 | 42,465,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 171,378,000 | 171,190,000 | 166,520,000 | 162,609,000 |
| Interest-bearing deposits | 114,004,000 | 117,208,000 | 122,729,000 | 121,140,000 |
| Noninterest-bearing deposits | 57,374,000 | 53,982,000 | 43,791,000 | 41,469,000 |
| Equity capital | 21,966,000 | 22,270,000 | 22,505,000 | 23,009,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,672,000 | 3,420,000 | 5,290,000 | 7,183,000 |
| Interest expense | 109,000 | 229,000 | 375,000 | 569,000 |
| Net interest income | 1,563,000 | 3,191,000 | 4,915,000 | 6,614,000 |
| Noninterest income | 33,000 | 62,000 | 87,000 | 122,000 |
| Noninterest expense | 948,000 | 1,887,000 | 2,927,000 | 4,389,000 |
| Provision for loan losses | 72,000 | 133,000 | 206,000 | 284,000 |
| Pretax income | 586,000 | 1,249,000 | 1,876,000 | 2,060,000 |
| Income tax | 158,000 | 296,000 | 465,000 | 519,000 |
| Net income | 428,000 | 953,000 | 1,411,000 | 1,541,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,556,000 | 22,847,000 | 23,279,000 | 23,408,000 |
| Total capital | 24,066,000 | 24,370,000 | 24,769,000 | 25,003,000 |
| Risk-weighted assets | 118,931,000 | 119,855,000 | 117,188,000 | 125,578,000 |