Call reports 2016
INDEPENDENCE BANK — 2016
What INDEPENDENCE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 619,494,000 | 612,920,000 | 625,537,000 | 653,026,000 |
| Total loans | 495,218,000 | 532,209,000 | 537,046,000 | 519,961,000 |
| Allowance for loan losses | 6,277,000 | 6,382,000 | 6,590,000 | 6,791,000 |
| Securities available for sale | 61,058,000 | 61,205,000 | 61,180,000 | 63,625,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 515,187,000 | 501,016,000 | 519,414,000 | 546,331,000 |
| Interest-bearing deposits | 406,874,000 | 406,949,000 | 426,981,000 | 438,920,000 |
| Noninterest-bearing deposits | 108,313,000 | 94,067,000 | 92,433,000 | 107,411,000 |
| Equity capital | 78,809,000 | 81,558,000 | 83,960,000 | 84,869,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 7,083,000 | 14,570,000 | 22,309,000 | 29,992,000 |
| Interest expense | 596,000 | 1,225,000 | 1,883,000 | 2,577,000 |
| Net interest income | 6,487,000 | 13,345,000 | 20,426,000 | 27,415,000 |
| Noninterest income | 308,000 | 644,000 | 965,000 | 1,270,000 |
| Noninterest expense | 2,520,000 | 5,223,000 | 8,004,000 | 10,783,000 |
| Provision for loan losses | 4,000 | 106,000 | 519,000 | 829,000 |
| Pretax income | 4,271,000 | 8,656,000 | 12,864,000 | 17,069,000 |
| Income tax | 1,695,000 | 3,436,000 | 5,077,000 | 6,567,000 |
| Net income | 2,576,000 | 5,220,000 | 7,787,000 | 10,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,570,000 | 79,115,000 | 81,582,000 | 83,296,000 |
| Total capital | 82,847,000 | 85,497,000 | 88,172,000 | 89,983,000 |
| Risk-weighted assets | 508,804,000 | 537,072,000 | 541,078,000 | 534,905,000 |