Call reports 2008
INDEPENDENCE BANK — 2008
What INDEPENDENCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 318,135,000 | 340,318,000 | 348,609,000 | 355,807,000 |
| Total loans | 260,829,000 | 281,237,000 | 288,204,000 | 278,974,000 |
| Allowance for loan losses | 2,644,000 | 2,722,000 | 2,965,000 | 3,074,000 |
| Securities available for sale | 42,727,000 | 40,740,000 | 42,311,000 | 46,369,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 251,641,000 | 263,381,000 | 282,069,000 | 295,920,000 |
| Interest-bearing deposits | 209,822,000 | 225,480,000 | 242,486,000 | 255,715,000 |
| Noninterest-bearing deposits | 41,819,000 | 37,901,000 | 39,583,000 | 40,205,000 |
| Equity capital | 36,388,000 | 36,595,000 | 37,633,000 | 38,064,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,741,000 | 11,504,000 | 17,449,000 | 23,052,000 |
| Interest expense | 2,129,000 | 4,137,000 | 6,164,000 | 8,069,000 |
| Net interest income | 3,612,000 | 7,367,000 | 11,285,000 | 14,983,000 |
| Noninterest income | 283,000 | 552,000 | 841,000 | 1,094,000 |
| Noninterest expense | 1,509,000 | 2,957,000 | 4,535,000 | 6,006,000 |
| Provision for loan losses | 32,000 | 150,000 | 413,000 | 553,000 |
| Pretax income | 2,499,000 | 4,957,000 | 7,323,000 | 9,763,000 |
| Income tax | 892,000 | 1,781,000 | 2,696,000 | 3,507,000 |
| Net income | 1,607,000 | 3,176,000 | 4,627,000 | 6,256,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,226,000 | 35,625,000 | 36,576,000 | 36,990,000 |
| Total capital | 37,870,000 | 38,347,000 | 39,541,000 | 40,064,000 |
| Risk-weighted assets | 279,554,000 | 300,698,000 | 307,625,000 | 301,336,000 |
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