Call reports 2021
INDEPENDENCE BANK — 2021
What INDEPENDENCE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 192,564,000 | 195,760,000 | 206,468,000 | 188,046,000 |
| Total loans | 127,267,000 | 121,001,000 | 118,180,000 | 114,983,000 |
| Allowance for loan losses | 4,304,000 | 4,352,000 | 4,353,000 | 4,300,000 |
| Securities available for sale | 28,235,000 | 29,484,000 | 29,144,000 | 27,604,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 167,188,000 | 170,362,000 | 180,674,000 | 162,540,000 |
| Interest-bearing deposits | 118,673,000 | 121,115,000 | 125,053,000 | 111,906,000 |
| Noninterest-bearing deposits | 48,515,000 | 49,247,000 | 55,621,000 | 50,634,000 |
| Equity capital | 24,986,000 | 24,966,000 | 25,201,000 | 25,201,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,458,000 | 2,992,000 | 4,443,000 | 5,871,000 |
| Interest expense | 187,000 | 383,000 | 586,000 | 780,000 |
| Net interest income | 1,271,000 | 2,609,000 | 3,857,000 | 5,091,000 |
| Noninterest income | 332,000 | 461,000 | 480,000 | 503,000 |
| Noninterest expense | 1,075,000 | 2,098,000 | 3,004,000 | 4,089,000 |
| Provision for loan losses | 147,000 | 192,000 | 192,000 | 130,000 |
| Pretax income | 458,000 | 871,000 | 1,277,000 | 1,520,000 |
| Income tax | 115,000 | 224,000 | 336,000 | 399,000 |
| Net income | 343,000 | 647,000 | 941,000 | 1,121,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,801,000 | 24,684,000 | 24,977,000 | 25,157,000 |
| Total capital | 26,624,000 | — | — | — |
| Risk-weighted assets | 143,415,000 | — | — | — |