Call reports 2007
INDEPENDENCE BANK — 2007
What INDEPENDENCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 304,460,000 | 320,212,000 | 320,851,000 | 313,242,000 |
| Total loans | 239,069,000 | 260,770,000 | 257,878,000 | 248,063,000 |
| Allowance for loan losses | 2,556,000 | 2,565,000 | 2,633,000 | 2,638,000 |
| Securities available for sale | 46,870,000 | 45,732,000 | 44,603,000 | 43,055,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 263,428,000 | 274,229,000 | 270,881,000 | 265,808,000 |
| Interest-bearing deposits | 228,899,000 | 241,350,000 | 234,541,000 | 225,691,000 |
| Noninterest-bearing deposits | 34,529,000 | 32,879,000 | 36,340,000 | 40,117,000 |
| Equity capital | 33,212,000 | 32,013,000 | 33,449,000 | 35,116,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 5,530,000 | 11,364,000 | 17,568,000 | 23,464,000 |
| Interest expense | 2,326,000 | 4,833,000 | 7,520,000 | 9,948,000 |
| Net interest income | 3,204,000 | 6,531,000 | 10,048,000 | 13,516,000 |
| Noninterest income | 310,000 | 653,000 | 918,000 | 1,231,000 |
| Noninterest expense | 1,429,000 | 2,866,000 | 4,374,000 | 5,607,000 |
| Provision for loan losses | 10,000 | 32,000 | 168,000 | 181,000 |
| Pretax income | 2,048,000 | 4,259,000 | 6,416,000 | 8,963,000 |
| Income tax | 745,000 | 1,546,000 | 2,344,000 | 3,231,000 |
| Net income | 1,303,000 | 2,713,000 | 4,072,000 | 5,732,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,802,000 | 31,275,000 | 32,436,000 | 33,794,000 |
| Total capital | 34,358,000 | 33,840,000 | 35,069,000 | 36,432,000 |
| Risk-weighted assets | 255,337,000 | 279,354,000 | 278,461,000 | 267,011,000 |
Machine access — free, no API key
Every figure shown here about INDEPENDENCE BANK — 2007 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.