Call reports 2013
INDEPENDENCE BANK — 2013
What INDEPENDENCE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 486,721,000 | 477,859,000 | 492,379,000 | 497,416,000 |
| Total loans | 368,472,000 | 388,500,000 | 402,850,000 | 393,031,000 |
| Allowance for loan losses | 5,514,000 | 5,552,000 | 5,620,000 | 5,855,000 |
| Securities available for sale | 62,804,000 | 63,929,000 | 59,729,000 | 60,443,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 406,962,000 | 397,758,000 | 406,536,000 | 415,912,000 |
| Interest-bearing deposits | 328,269,000 | 324,484,000 | 333,849,000 | 333,453,000 |
| Noninterest-bearing deposits | 78,693,000 | 73,274,000 | 72,687,000 | 82,459,000 |
| Equity capital | 60,301,000 | 61,234,000 | 63,528,000 | 65,798,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 5,899,000 | 11,957,000 | 18,225,000 | 24,417,000 |
| Interest expense | 569,000 | 1,111,000 | 1,638,000 | 2,146,000 |
| Net interest income | 5,330,000 | 10,846,000 | 16,587,000 | 22,271,000 |
| Noninterest income | 338,000 | 676,000 | 994,000 | 1,298,000 |
| Noninterest expense | 1,976,000 | 4,036,000 | 6,240,000 | 8,636,000 |
| Provision for loan losses | 7,000 | 272,000 | 331,000 | 570,000 |
| Pretax income | 3,685,000 | 7,214,000 | 11,010,000 | 14,363,000 |
| Income tax | 1,378,000 | 2,677,000 | 3,945,000 | 5,009,000 |
| Net income | 2,307,000 | 4,537,000 | 7,065,000 | 9,354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,631,000 | 59,211,000 | 61,739,000 | 63,929,000 |
| Total capital | 62,541,000 | 64,386,000 | 67,078,000 | 69,200,000 |
| Risk-weighted assets | 392,232,000 | 413,611,000 | 426,868,000 | 421,124,000 |