Call reports 2015
INDEPENDENCE BANK — 2015
What INDEPENDENCE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 574,913,000 | 568,980,000 | 585,568,000 | 611,275,000 |
| Total loans | 446,615,000 | 487,283,000 | 505,578,000 | 486,769,000 |
| Allowance for loan losses | 5,915,000 | 5,918,000 | 6,021,000 | 6,273,000 |
| Securities available for sale | 64,769,000 | 61,167,000 | 59,963,000 | 63,225,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 480,368,000 | 470,459,000 | 489,978,000 | 505,717,000 |
| Interest-bearing deposits | 389,673,000 | 383,540,000 | 394,932,000 | 334,446,000 |
| Noninterest-bearing deposits | 90,695,000 | 86,919,000 | 95,046,000 | 171,271,000 |
| Equity capital | 71,172,000 | 73,376,000 | 76,285,000 | 78,760,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 6,550,000 | 13,533,000 | 20,823,000 | 27,975,000 |
| Interest expense | 545,000 | 1,095,000 | 1,657,000 | 2,238,000 |
| Net interest income | 6,005,000 | 12,438,000 | 19,166,000 | 25,737,000 |
| Noninterest income | 277,000 | 629,000 | 1,059,000 | 1,420,000 |
| Noninterest expense | 2,412,000 | 5,108,000 | 7,488,000 | 10,394,000 |
| Provision for loan losses | 4,000 | 6,000 | 108,000 | 416,000 |
| Pretax income | 3,866,000 | 7,948,000 | 12,624,000 | 16,567,000 |
| Income tax | 1,526,000 | 3,095,000 | 4,942,000 | 6,221,000 |
| Net income | 2,340,000 | 4,853,000 | 7,682,000 | 10,346,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,613,000 | 71,126,000 | 73,954,000 | 76,619,000 |
| Total capital | 74,500,000 | 77,044,000 | 79,975,000 | 82,791,000 |
| Risk-weighted assets | 470,930,000 | 494,880,000 | 511,369,000 | 493,673,000 |