Call reports 2023
INDEPENDENCE BANK — 2023
What INDEPENDENCE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,181,468,000 | 1,184,195,000 | 1,186,577,000 | 1,196,296,000 |
| Total loans | 818,205,000 | 873,059,000 | 879,869,000 | 861,991,000 |
| Allowance for loan losses | 12,092,000 | 12,105,000 | 12,210,000 | 12,601,000 |
| Securities available for sale | 228,093,000 | 222,479,000 | 220,608,000 | 235,662,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,056,572,000 | 1,059,139,000 | 1,061,417,000 | 1,057,524,000 |
| Interest-bearing deposits | 821,817,000 | 848,803,000 | 852,397,000 | 838,097,000 |
| Noninterest-bearing deposits | 234,755,000 | 210,336,000 | 209,020,000 | 219,427,000 |
| Equity capital | 116,698,000 | 118,659,000 | 118,287,000 | 129,965,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 13,783,000 | 28,225,000 | 43,641,000 | 59,377,000 |
| Interest expense | 3,277,000 | 7,320,000 | 12,062,000 | 17,255,000 |
| Net interest income | 10,506,000 | 20,905,000 | 31,579,000 | 42,122,000 |
| Noninterest income | 818,000 | 1,742,000 | 2,454,000 | 3,221,000 |
| Noninterest expense | 4,931,000 | 10,305,000 | 15,392,000 | 21,329,000 |
| Provision for loan losses | 0 | 62,000 | 179,000 | 693,000 |
| Pretax income | 6,393,000 | 12,280,000 | 18,451,000 | 23,310,000 |
| Income tax | 1,691,000 | 3,209,000 | 4,817,000 | 5,874,000 |
| Net income | 4,702,000 | 9,071,000 | 13,634,000 | 17,436,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 141,573,000 | 144,267,000 | 148,830,000 | 152,532,000 |
| Total capital | 153,665,000 | 156,372,000 | 161,040,000 | 164,734,000 |
| Risk-weighted assets | 968,964,000 | 1,012,188,000 | 998,800,000 | 975,815,000 |