Call reports 2021
INDEPENDENCE BANK — 2021
What INDEPENDENCE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 988,158,000 | 1,137,315,000 | 1,162,158,000 | 1,218,476,000 |
| Total loans | 707,096,000 | 753,125,000 | 758,534,000 | 751,800,000 |
| Allowance for loan losses | 10,485,000 | 10,489,000 | 10,918,000 | 11,524,000 |
| Securities available for sale | 102,019,000 | 177,671,000 | 196,813,000 | 209,180,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 860,466,000 | 1,002,239,000 | 1,026,275,000 | 1,084,409,000 |
| Interest-bearing deposits | 709,213,000 | 834,507,000 | 854,743,000 | 861,981,000 |
| Noninterest-bearing deposits | 151,253,000 | 167,732,000 | 171,532,000 | 222,428,000 |
| Equity capital | 117,184,000 | 122,688,000 | 127,550,000 | 129,034,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 9,766,000 | 20,855,000 | 32,494,000 | 43,157,000 |
| Interest expense | 806,000 | 1,526,000 | 2,237,000 | 2,895,000 |
| Net interest income | 8,960,000 | 19,329,000 | 30,257,000 | 40,262,000 |
| Noninterest income | 465,000 | 1,045,000 | 1,465,000 | 1,867,000 |
| Noninterest expense | 3,961,000 | 8,052,000 | 12,552,000 | 17,803,000 |
| Provision for loan losses | 2,000 | 14,000 | 443,000 | 1,055,000 |
| Pretax income | 5,462,000 | 12,326,000 | 18,745,000 | 23,079,000 |
| Income tax | 1,483,000 | 3,292,000 | 5,081,000 | 5,991,000 |
| Net income | 3,979,000 | 9,034,000 | 13,664,000 | 17,088,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 116,039,000 | 121,094,000 | 125,624,000 | 129,050,000 |
| Total capital | 125,476,000 | 131,244,000 | 136,118,000 | 139,587,000 |
| Risk-weighted assets | 753,991,000 | 811,732,000 | 839,169,000 | 842,032,000 |