Call reports 2019
INDEPENDENCE BANK — 2019
What INDEPENDENCE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 198,202,000 | 195,006,000 | 169,863,000 | 174,782,000 |
| Total loans | 111,978,000 | 116,154,000 | 115,765,000 | 114,522,000 |
| Allowance for loan losses | 3,690,000 | 3,750,000 | 3,741,000 | 3,625,000 |
| Securities available for sale | 39,248,000 | 39,257,000 | 31,167,000 | 29,540,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,890,000 | 170,295,000 | 144,461,000 | 149,735,000 |
| Interest-bearing deposits | 132,560,000 | 133,036,000 | 111,959,000 | 117,064,000 |
| Noninterest-bearing deposits | 41,330,000 | 37,259,000 | 32,502,000 | 32,671,000 |
| Equity capital | 23,657,000 | 23,914,000 | 24,516,000 | 24,549,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,896,000 | 3,892,000 | 5,724,000 | 7,454,000 |
| Interest expense | 265,000 | 626,000 | 970,000 | 1,298,000 |
| Net interest income | 1,631,000 | 3,266,000 | 4,754,000 | 6,156,000 |
| Noninterest income | 45,000 | 97,000 | 145,000 | 171,000 |
| Noninterest expense | 1,006,000 | 1,918,000 | 2,879,000 | 4,176,000 |
| Provision for loan losses | 43,000 | 90,000 | 134,000 | 165,000 |
| Pretax income | 679,000 | 1,458,000 | 2,046,000 | 2,171,000 |
| Income tax | 160,000 | 347,000 | 479,000 | 531,000 |
| Net income | 519,000 | 1,111,000 | 1,567,000 | 1,640,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,797,000 | 23,830,000 | 24,286,000 | 24,359,000 |
| Total capital | 25,323,000 | 25,451,000 | 25,941,000 | 25,897,000 |
| Risk-weighted assets | 119,951,000 | 127,575,000 | 130,335,000 | 121,032,000 |