Call reports 2020
INDEPENDENCE BANK — 2020
What INDEPENDENCE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 169,345,000 | 186,108,000 | 182,201,000 | 185,270,000 |
| Total loans | 114,720,000 | 126,118,000 | 124,426,000 | 122,973,000 |
| Allowance for loan losses | 3,640,000 | 3,701,000 | 3,870,000 | 4,150,000 |
| Securities available for sale | 29,497,000 | 27,852,000 | 29,373,000 | 29,461,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,999,000 | 160,841,000 | 156,565,000 | 159,991,000 |
| Interest-bearing deposits | 111,264,000 | 113,893,000 | 113,816,000 | 106,940,000 |
| Noninterest-bearing deposits | 32,735,000 | 46,948,000 | 42,749,000 | 53,051,000 |
| Equity capital | 25,012,000 | 24,704,000 | 24,998,000 | 25,007,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,666,000 | 3,134,000 | 4,645,000 | 6,315,000 |
| Interest expense | 309,000 | 575,000 | 794,000 | 1,009,000 |
| Net interest income | 1,357,000 | 2,559,000 | 3,851,000 | 5,306,000 |
| Noninterest income | 33,000 | 548,000 | 576,000 | 596,000 |
| Noninterest expense | 920,000 | 2,165,000 | 2,929,000 | 4,104,000 |
| Provision for loan losses | 13,000 | 111,000 | 276,000 | 573,000 |
| Pretax income | 528,000 | 946,000 | 1,353,000 | 1,416,000 |
| Income tax | 127,000 | 244,000 | 350,000 | 380,000 |
| Net income | 401,000 | 702,000 | 1,003,000 | 1,036,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,732,000 | 24,354,000 | 24,657,000 | 24,637,000 |