Call reports 2022
INDEPENDENCE BANK — 2022
What INDEPENDENCE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 186,187,000 | 194,977,000 | 186,942,000 | 173,327,000 |
| Total loans | 115,305,000 | 115,801,000 | 113,766,000 | 113,801,000 |
| Allowance for loan losses | 4,302,000 | 4,303,000 | 4,451,000 | 4,315,000 |
| Securities available for sale | 25,624,000 | 24,658,000 | 22,421,000 | 22,127,000 |
| Securities held to maturity | 6,943,000 | 6,940,000 | 9,231,000 | 9,236,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,166,000 | 170,599,000 | 162,375,000 | 148,447,000 |
| Interest-bearing deposits | 113,064,000 | 126,282,000 | 118,873,000 | 107,042,000 |
| Noninterest-bearing deposits | 48,102,000 | 44,317,000 | 43,502,000 | 41,405,000 |
| Equity capital | 24,911,000 | 24,027,000 | 23,836,000 | 24,376,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,461,000 | 3,079,000 | 4,914,000 | 6,907,000 |
| Interest expense | 173,000 | 371,000 | 637,000 | 1,058,000 |
| Net interest income | 1,288,000 | 2,708,000 | 4,277,000 | 5,849,000 |
| Noninterest income | 49,000 | 89,000 | 132,000 | 172,000 |
| Noninterest expense | 889,000 | 1,879,000 | 2,775,000 | 3,944,000 |
| Provision for loan losses | 0 | 0 | -6,000 | -158,000 |
| Pretax income | 448,000 | 918,000 | 1,581,000 | 1,926,000 |
| Income tax | 98,000 | 246,000 | 430,000 | 525,000 |
| Net income | 350,000 | 672,000 | 1,151,000 | 1,401,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,508,000 | 25,289,000 | 25,770,000 | 26,018,000 |
| Total capital | — | — | 27,485,000 | — |
| Risk-weighted assets | — | — | 134,520,000 | — |