Call reports 2018
INDEPENDENCE BANK — 2018
What INDEPENDENCE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 675,821,000 | 714,830,000 | 725,493,000 | 741,277,000 |
| Total loans | 577,007,000 | 617,230,000 | 634,293,000 | 626,585,000 |
| Allowance for loan losses | 7,420,000 | 7,552,000 | 7,732,000 | 8,044,000 |
| Securities available for sale | 61,141,000 | 60,772,000 | 57,649,000 | 60,449,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 565,556,000 | 602,712,000 | 607,358,000 | 628,136,000 |
| Interest-bearing deposits | 471,819,000 | 500,920,000 | 515,287,000 | 522,748,000 |
| Noninterest-bearing deposits | 93,737,000 | 101,792,000 | 92,071,000 | 105,388,000 |
| Equity capital | 89,312,000 | 92,678,000 | 94,500,000 | 95,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 8,411,000 | 17,326,000 | 26,886,000 | 36,672,000 |
| Interest expense | 1,075,000 | 2,355,000 | 3,947,000 | 5,668,000 |
| Net interest income | 7,336,000 | 14,971,000 | 22,939,000 | 31,004,000 |
| Noninterest income | 371,000 | 716,000 | 1,062,000 | 1,352,000 |
| Noninterest expense | 3,359,000 | 6,398,000 | 9,776,000 | 13,257,000 |
| Provision for loan losses | 5,000 | 152,000 | 367,000 | 775,000 |
| Pretax income | 4,343,000 | 9,137,000 | 13,858,000 | 18,324,000 |
| Income tax | 1,158,000 | 2,421,000 | 3,648,000 | 4,745,000 |
| Net income | 3,185,000 | 6,716,000 | 10,210,000 | 13,579,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 88,446,000 | 91,977,000 | 93,971,000 | 94,985,000 |
| Total capital | 95,866,000 | 99,529,000 | 101,703,000 | 103,029,000 |
| Risk-weighted assets | 621,985,000 | 655,655,000 | 674,735,000 | 671,383,000 |