Call reports 2007
FIRST INDEPENDENT BANK — 2007
What FIRST INDEPENDENT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 132,830,000 | 123,377,000 | 120,641,000 | 120,537,000 |
| Total loans | 100,735,000 | 99,792,000 | 97,418,000 | 93,991,000 |
| Allowance for loan losses | 4,050,000 | 2,765,000 | 2,326,000 | 2,386,000 |
| Securities available for sale | 5,065,000 | 7,758,000 | 10,671,000 | 10,335,000 |
| Securities held to maturity | 2,036,000 | 2,022,000 | 2,005,000 | 1,993,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,575,000 | 105,564,000 | 103,792,000 | 103,604,000 |
| Interest-bearing deposits | 100,046,000 | 96,382,000 | 94,454,000 | 92,727,000 |
| Noninterest-bearing deposits | 9,529,000 | 9,182,000 | 9,338,000 | 10,877,000 |
| Equity capital | 12,065,000 | 12,009,000 | 12,102,000 | 12,024,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,329,000 | 4,476,000 | 6,538,000 | 8,512,000 |
| Interest expense | 1,279,000 | 2,494,000 | 3,672,000 | 4,759,000 |
| Net interest income | 1,050,000 | 1,982,000 | 2,866,000 | 3,753,000 |
| Noninterest income | 92,000 | 258,000 | 382,000 | 400,000 |
| Noninterest expense | 954,000 | 1,946,000 | 2,938,000 | 4,087,000 |
| Provision for loan losses | 774,000 | 774,000 | 784,000 | 784,000 |
| Pretax income | -586,000 | -480,000 | -474,000 | -718,000 |
| Income tax | -243,000 | -118,000 | -133,000 | -229,000 |
| Net income | -343,000 | -362,000 | -341,000 | -489,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,540,000 | 10,546,000 | 10,594,000 | 10,469,000 |
| Total capital | 11,908,000 | 11,823,000 | 11,836,000 | 11,680,000 |
| Risk-weighted assets | 106,538,000 | 100,677,000 | 98,268,000 | 95,699,000 |