Call reports 2019
INDEPENDENCE BANK — 2019
What INDEPENDENCE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 756,433,000 | 788,467,000 | 787,119,000 | 803,546,000 |
| Total loans | 636,168,000 | 663,132,000 | 671,874,000 | 670,027,000 |
| Allowance for loan losses | 8,065,000 | 8,327,000 | 8,559,000 | 8,675,000 |
| Securities available for sale | 59,142,000 | 64,514,000 | 63,693,000 | 63,879,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 644,274,000 | 669,921,000 | 667,798,000 | 682,776,000 |
| Interest-bearing deposits | 534,302,000 | 566,447,000 | 571,655,000 | 582,886,000 |
| Noninterest-bearing deposits | 109,972,000 | 103,474,000 | 96,143,000 | 99,890,000 |
| Equity capital | 96,397,000 | 100,935,000 | 104,465,000 | 108,075,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 9,747,000 | 20,402,000 | 31,274,000 | 41,949,000 |
| Interest expense | 1,815,000 | 3,967,000 | 6,164,000 | 8,170,000 |
| Net interest income | 7,932,000 | 16,435,000 | 25,110,000 | 33,779,000 |
| Noninterest income | 375,000 | 721,000 | 1,132,000 | 1,450,000 |
| Noninterest expense | 3,617,000 | 7,148,000 | 10,990,000 | 14,821,000 |
| Provision for loan losses | 15,000 | 272,000 | 520,000 | 883,000 |
| Pretax income | 4,679,000 | 9,744,000 | 14,740,000 | 19,533,000 |
| Income tax | 1,259,000 | 2,640,000 | 3,974,000 | 4,996,000 |
| Net income | 3,420,000 | 7,104,000 | 10,766,000 | 14,537,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 94,889,000 | 98,473,000 | 101,786,000 | 105,457,000 |
| Total capital | 102,954,000 | 106,800,000 | 110,345,000 | 114,132,000 |
| Risk-weighted assets | 690,003,000 | 709,692,000 | 715,036,000 | 709,371,000 |