Call reports 2011
INDEPENDENCE BANK — 2011
What INDEPENDENCE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 426,154,000 | 431,754,000 | 438,070,000 | 433,825,000 |
| Total loans | 326,716,000 | 344,884,000 | 343,031,000 | 329,931,000 |
| Allowance for loan losses | 4,915,000 | 5,044,000 | 5,203,000 | 5,357,000 |
| Securities available for sale | 52,503,000 | 53,077,000 | 60,031,000 | 64,969,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 362,435,000 | 366,472,000 | 373,587,000 | 370,533,000 |
| Interest-bearing deposits | 307,546,000 | 308,441,000 | 306,660,000 | 299,912,000 |
| Noninterest-bearing deposits | 54,889,000 | 58,031,000 | 66,927,000 | 70,621,000 |
| Equity capital | 48,934,000 | 51,355,000 | 51,031,000 | 52,873,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 5,863,000 | 11,945,000 | 18,149,000 | 24,068,000 |
| Interest expense | 983,000 | 1,916,000 | 2,806,000 | 3,578,000 |
| Net interest income | 4,880,000 | 10,029,000 | 15,343,000 | 20,490,000 |
| Noninterest income | 264,000 | 559,000 | 892,000 | 1,201,000 |
| Noninterest expense | 2,166,000 | 4,163,000 | 6,179,000 | 8,245,000 |
| Provision for loan losses | 3,000 | 103,000 | 288,000 | 615,000 |
| Pretax income | 2,975,000 | 6,322,000 | 9,768,000 | 12,831,000 |
| Income tax | 1,095,000 | 2,366,000 | 3,688,000 | 4,777,000 |
| Net income | 1,880,000 | 3,956,000 | 6,080,000 | 8,054,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,405,000 | 49,381,000 | 48,832,000 | 50,657,000 |
| Total capital | 51,955,000 | 54,000,000 | 53,444,000 | 55,126,000 |
| Risk-weighted assets | 363,601,000 | 369,077,000 | 368,359,000 | 356,670,000 |