Call reports 2017
INDEPENDENCE BANK — 2017
What INDEPENDENCE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 677,710,000 | 657,793,000 | 669,574,000 | 714,594,000 |
| Total loans | 536,270,000 | 571,758,000 | 587,472,000 | 568,135,000 |
| Allowance for loan losses | 6,793,000 | 6,901,000 | 7,109,000 | 7,412,000 |
| Securities available for sale | 64,002,000 | 65,231,000 | 60,827,000 | 62,734,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 570,457,000 | 544,546,000 | 558,953,000 | 607,666,000 |
| Interest-bearing deposits | 468,058,000 | 441,883,000 | 473,349,000 | 507,011,000 |
| Noninterest-bearing deposits | 102,399,000 | 102,663,000 | 85,604,000 | 100,655,000 |
| Equity capital | 84,689,000 | 87,089,000 | 89,642,000 | 89,962,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 7,692,000 | 15,956,000 | 24,527,000 | 33,268,000 |
| Interest expense | 753,000 | 1,556,000 | 2,476,000 | 3,440,000 |
| Net interest income | 6,939,000 | 14,400,000 | 22,051,000 | 29,828,000 |
| Noninterest income | 387,000 | 620,000 | 905,000 | 1,189,000 |
| Noninterest expense | 3,201,000 | 6,144,000 | 9,243,000 | 12,093,000 |
| Provision for loan losses | 11,000 | 130,000 | 311,000 | 637,000 |
| Pretax income | 4,114,000 | 8,746,000 | 13,402,000 | 18,287,000 |
| Income tax | 1,645,000 | 3,538,000 | 5,401,000 | 7,854,000 |
| Net income | 2,469,000 | 5,208,000 | 8,001,000 | 10,433,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 83,031,000 | 85,198,000 | 87,800,000 | 88,491,000 |
| Total capital | 89,824,000 | 92,099,000 | 94,909,000 | 95,903,000 |
| Risk-weighted assets | 561,114,000 | 606,573,000 | 623,801,000 | 611,801,000 |