Call reports 2014
INDEPENDENCE BANK — 2014
What INDEPENDENCE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 515,846,000 | 517,882,000 | 539,562,000 | 555,338,000 |
| Total loans | 394,680,000 | 435,958,000 | 453,039,000 | 438,284,000 |
| Allowance for loan losses | 5,789,000 | 5,799,000 | 5,903,000 | 5,906,000 |
| Securities available for sale | 61,493,000 | 65,168,000 | 62,075,000 | 62,410,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 430,857,000 | 427,091,000 | 453,547,000 | 463,065,000 |
| Interest-bearing deposits | 350,918,000 | 349,675,000 | 370,988,000 | 381,152,000 |
| Noninterest-bearing deposits | 79,939,000 | 77,416,000 | 82,559,000 | 81,913,000 |
| Equity capital | 66,007,000 | 68,446,000 | 68,540,000 | 71,018,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 6,055,000 | 12,429,000 | 19,285,000 | 26,041,000 |
| Interest expense | 497,000 | 1,009,000 | 1,545,000 | 2,091,000 |
| Net interest income | 5,558,000 | 11,420,000 | 17,740,000 | 23,950,000 |
| Noninterest income | 286,000 | 585,000 | 898,000 | 1,185,000 |
| Noninterest expense | 2,055,000 | 4,442,000 | 6,877,000 | 9,835,000 |
| Provision for loan losses | 5,000 | 110,000 | 212,000 | 253,000 |
| Pretax income | 3,784,000 | 7,453,000 | 11,549,000 | 15,048,000 |
| Income tax | 1,402,000 | 2,758,000 | 4,325,000 | 5,391,000 |
| Net income | 2,382,000 | 4,695,000 | 7,224,000 | 9,657,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,010,000 | 66,122,000 | 66,126,000 | 68,459,000 |
| Total capital | 69,320,000 | 71,903,000 | 72,029,000 | 74,326,000 |
| Risk-weighted assets | 424,342,000 | 462,444,000 | 482,564,000 | 469,317,000 |