Call reports 2022
INDEPENDENCE BANK — 2022
What INDEPENDENCE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,166,797,000 | 1,161,701,000 | 1,156,514,000 | 1,181,012,000 |
| Total loans | 746,946,000 | 788,724,000 | 812,478,000 | 807,228,000 |
| Allowance for loan losses | 11,553,000 | 11,784,000 | 11,787,000 | 12,089,000 |
| Securities available for sale | 219,959,000 | 205,731,000 | 205,882,000 | 216,107,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,042,607,000 | 1,045,757,000 | 1,041,326,000 | 1,059,640,000 |
| Interest-bearing deposits | 822,157,000 | 815,933,000 | 818,272,000 | 812,117,000 |
| Noninterest-bearing deposits | 220,450,000 | 229,824,000 | 223,054,000 | 247,523,000 |
| Equity capital | 118,190,000 | 109,343,000 | 110,106,000 | 115,539,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 10,315,000 | 21,060,000 | 33,212,000 | 46,245,000 |
| Interest expense | 621,000 | 1,495,000 | 3,107,000 | 5,583,000 |
| Net interest income | 9,694,000 | 19,565,000 | 30,105,000 | 40,662,000 |
| Noninterest income | 450,000 | 937,000 | 1,544,000 | 2,194,000 |
| Noninterest expense | 4,140,000 | 8,330,000 | 13,408,000 | 18,903,000 |
| Provision for loan losses | 5,000 | 5,000 | 16,000 | 326,000 |
| Pretax income | 5,999,000 | 12,167,000 | 18,225,000 | 23,627,000 |
| Income tax | 1,611,000 | 3,297,000 | 4,825,000 | 6,048,000 |
| Net income | 4,388,000 | 8,870,000 | 13,400,000 | 17,579,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 129,317,000 | 132,977,000 | 137,207,000 | 141,062,000 |
| Total capital | 140,148,000 | 144,533,000 | 148,994,000 | 152,926,000 |
| Risk-weighted assets | 865,791,000 | 924,292,000 | 954,748,000 | 948,898,000 |