Call reports 2023
INDEPENDENCE STATE BANK — 2023
What INDEPENDENCE STATE 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 | 77,022,000 | 76,715,000 | 78,783,000 | 79,094,000 |
| Total loans | 50,720,000 | 52,069,000 | 53,663,000 | 55,058,000 |
| Allowance for loan losses | 725,000 | 726,000 | 726,000 | 692,000 |
| Securities available for sale | 15,664,000 | 15,162,000 | 14,603,000 | 14,802,000 |
| Securities held to maturity | 459,000 | 349,000 | 349,000 | 349,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,257,000 | 62,849,000 | 65,454,000 | 65,276,000 |
| Interest-bearing deposits | 50,327,000 | 47,571,000 | 51,187,000 | 50,199,000 |
| Noninterest-bearing deposits | 16,930,000 | 15,278,000 | 14,267,000 | 15,077,000 |
| Equity capital | 6,530,000 | 6,468,000 | 6,447,000 | 6,863,000 |
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 | 794,000 | 1,635,000 | 2,536,000 | 3,508,000 |
| Interest expense | 99,000 | 254,000 | 481,000 | 747,000 |
| Net interest income | 695,000 | 1,381,000 | 2,055,000 | 2,761,000 |
| Noninterest income | 31,000 | 55,000 | 80,000 | 124,000 |
| Noninterest expense | 582,000 | 1,174,000 | 1,745,000 | 2,329,000 |
| Provision for loan losses | 5,000 | 5,000 | 5,000 | 5,000 |
| Pretax income | 141,000 | 261,000 | 391,000 | 561,000 |
| Income tax | 34,000 | 63,000 | 95,000 | 199,000 |
| Net income | 107,000 | 198,000 | 296,000 | 362,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,976,000 | 7,067,000 | 7,239,000 | 7,440,000 |
| Total capital | 7,696,000 | 7,793,000 | 7,965,000 | 8,156,000 |
| Risk-weighted assets | 57,649,000 | 58,374,000 | 60,846,000 | 61,480,000 |