Call reports 2023
INDEPENDENCE BANK — 2023
What INDEPENDENCE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 180,101,000 | 188,842,000 | 184,429,000 | 178,340,000 |
| Total loans | 112,344,000 | 113,745,000 | 112,911,000 | 111,365,000 |
| Allowance for loan losses | 4,275,000 | 4,252,000 | 4,201,000 | 3,925,000 |
| Securities available for sale | 22,494,000 | 22,358,000 | 22,500,000 | 22,825,000 |
| Securities held to maturity | 9,242,000 | 9,241,000 | 9,255,000 | 9,260,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 154,412,000 | 163,385,000 | 158,288,000 | 151,705,000 |
| Interest-bearing deposits | 119,827,000 | 122,923,000 | 122,075,000 | 114,553,000 |
| Noninterest-bearing deposits | 34,585,000 | 40,462,000 | 36,213,000 | 37,152,000 |
| Equity capital | 25,188,000 | 25,018,000 | 25,174,000 | 25,647,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,223,000 | 4,533,000 | 6,977,000 | 9,330,000 |
| Interest expense | 666,000 | 1,507,000 | 2,497,000 | 3,595,000 |
| Net interest income | 1,557,000 | 3,026,000 | 4,480,000 | 5,735,000 |
| Noninterest income | 57,000 | 98,000 | 164,000 | 231,000 |
| Noninterest expense | 734,000 | 1,726,000 | 2,750,000 | 3,868,000 |
| Provision for loan losses | -34,000 | -34,000 | -37,000 | -76,000 |
| Pretax income | 665,000 | 1,167,000 | 1,666,000 | 1,833,000 |
| Income tax | 164,000 | 295,000 | 457,000 | 526,000 |
| Net income | 501,000 | 872,000 | 1,209,000 | 1,307,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,519,000 | 26,430,000 | 26,768,000 | 26,865,000 |
| Total capital | — | 27,885,000 | 28,221,000 | — |
| Risk-weighted assets | — | 113,637,000 | 113,502,000 | — |