Call reports 2004
INDEPENDENCE BANK — 2004
What INDEPENDENCE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 246,164,000 | 269,976,000 | 278,457,000 | 269,421,000 |
| Total loans | 184,666,000 | 204,391,000 | 212,556,000 | 204,345,000 |
| Allowance for loan losses | 1,997,000 | 2,059,000 | 2,073,000 | 2,089,000 |
| Securities available for sale | 44,769,000 | 45,755,000 | 46,435,000 | 45,562,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 204,873,000 | 219,040,000 | 229,448,000 | 215,284,000 |
| Interest-bearing deposits | 176,947,000 | 190,962,000 | 202,192,000 | 183,804,000 |
| Noninterest-bearing deposits | 27,926,000 | 28,078,000 | 27,256,000 | 31,480,000 |
| Equity capital | 28,078,000 | 27,651,000 | 29,448,000 | 30,363,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,568,000 | 7,274,000 | 11,411,000 | 15,489,000 |
| Interest expense | 841,000 | 1,708,000 | 2,647,000 | 3,659,000 |
| Net interest income | 2,727,000 | 5,566,000 | 8,764,000 | 11,830,000 |
| Noninterest income | 323,000 | 631,000 | 901,000 | 1,197,000 |
| Noninterest expense | 1,370,000 | 2,795,000 | 4,173,000 | 5,681,000 |
| Provision for loan losses | 64,000 | 198,000 | 314,000 | 337,000 |
| Pretax income | 1,650,000 | 3,238,000 | 5,221,000 | 7,251,000 |
| Income tax | 622,000 | 1,177,000 | 1,857,000 | 2,599,000 |
| Net income | 1,028,000 | 2,061,000 | 3,364,000 | 4,652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,936,000 | 26,257,000 | 27,450,000 | 28,637,000 |
| Total capital | 27,933,000 | 28,316,000 | 29,523,000 | 30,726,000 |
| Risk-weighted assets | 186,214,000 | 206,670,000 | 214,862,000 | 205,440,000 |
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