Call reports 2020
INDEPENDENCE BANK — 2020
What INDEPENDENCE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 807,016,000 | 902,246,000 | 912,745,000 | 961,283,000 |
| Total loans | 667,387,000 | 750,315,000 | 759,432,000 | 697,170,000 |
| Allowance for loan losses | 8,880,000 | 9,486,000 | 10,021,000 | 10,482,000 |
| Securities available for sale | 59,438,000 | 66,686,000 | 63,534,000 | 79,965,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 679,779,000 | 769,015,000 | 778,982,000 | 833,576,000 |
| Interest-bearing deposits | 584,548,000 | 646,725,000 | 652,666,000 | 687,815,000 |
| Noninterest-bearing deposits | 95,231,000 | 122,290,000 | 126,316,000 | 145,761,000 |
| Equity capital | 107,641,000 | 112,479,000 | 115,868,000 | 118,764,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 10,519,000 | 20,849,000 | 31,556,000 | 42,190,000 |
| Interest expense | 1,870,000 | 3,180,000 | 4,270,000 | 5,237,000 |
| Net interest income | 8,649,000 | 17,669,000 | 27,286,000 | 36,953,000 |
| Noninterest income | 444,000 | 895,000 | 1,247,000 | 1,549,000 |
| Noninterest expense | 3,876,000 | 7,534,000 | 11,440,000 | 16,066,000 |
| Provision for loan losses | 202,000 | 1,181,000 | 1,689,000 | 2,433,000 |
| Pretax income | 5,962,000 | 10,813,000 | 17,047,000 | 21,646,000 |
| Income tax | 1,685,000 | 3,017,000 | 4,915,000 | 5,678,000 |
| Net income | 4,277,000 | 7,796,000 | 12,132,000 | 15,968,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 105,908,000 | 109,427,000 | 113,217,000 | 115,977,000 |
| Total capital | 114,786,000 | 118,870,000 | 122,686,000 | 125,086,000 |
| Risk-weighted assets | 710,254,000 | 755,412,000 | 757,036,000 | 727,425,000 |