Call reports 2010
INDEPENDENCE BANK — 2010
What INDEPENDENCE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 391,047,000 | 401,785,000 | 407,229,000 | 399,962,000 |
| Total loans | 309,519,000 | 331,887,000 | 335,314,000 | 324,500,000 |
| Allowance for loan losses | 4,057,000 | 4,236,000 | 4,444,000 | 4,881,000 |
| Securities available for sale | 46,405,000 | 46,891,000 | 45,747,000 | 44,609,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 326,998,000 | 325,592,000 | 343,347,000 | 340,245,000 |
| Interest-bearing deposits | 280,847,000 | 277,115,000 | 295,582,000 | 283,989,000 |
| Noninterest-bearing deposits | 46,151,000 | 48,477,000 | 47,765,000 | 56,256,000 |
| Equity capital | 45,334,000 | 47,229,000 | 47,333,000 | 47,919,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 5,615,000 | 11,464,000 | 17,596,000 | 23,495,000 |
| Interest expense | 1,143,000 | 2,277,000 | 3,440,000 | 4,683,000 |
| Net interest income | 4,472,000 | 9,187,000 | 14,156,000 | 18,812,000 |
| Noninterest income | 297,000 | 680,000 | 1,041,000 | 1,447,000 |
| Noninterest expense | 2,035,000 | 3,754,000 | 5,747,000 | 7,884,000 |
| Provision for loan losses | 28,000 | 230,000 | 437,000 | 898,000 |
| Pretax income | 2,706,000 | 5,995,000 | 9,148,000 | 11,646,000 |
| Income tax | 957,000 | 2,236,000 | 3,471,000 | 4,130,000 |
| Net income | 1,749,000 | 3,759,000 | 5,677,000 | 7,516,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,671,000 | 45,506,000 | 45,274,000 | 47,013,000 |
| Total capital | 47,728,000 | 49,742,000 | 49,718,000 | 51,422,000 |
| Risk-weighted assets | 334,433,000 | 354,032,000 | 360,889,000 | 352,230,000 |