Call reports 2020
FIRST INDEPENDENT BANK — 2020
What FIRST INDEPENDENT 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 | 286,695,000 | 319,645,000 | 328,748,000 | 334,762,000 |
| Total loans | 189,018,000 | 210,807,000 | 211,072,000 | 214,394,000 |
| Allowance for loan losses | 3,580,000 | 3,947,000 | 4,414,000 | 4,431,000 |
| Securities available for sale | 39,242,000 | 44,523,000 | 44,935,000 | 39,017,000 |
| Securities held to maturity | 35,720,000 | 45,954,000 | 53,664,000 | 60,988,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 239,965,000 | 257,974,000 | 266,945,000 | 279,322,000 |
| Interest-bearing deposits | 189,353,000 | 195,996,000 | 205,192,000 | 211,614,000 |
| Noninterest-bearing deposits | 50,612,000 | 61,978,000 | 61,753,000 | 67,708,000 |
| Equity capital | 34,480,000 | 35,405,000 | 36,107,000 | 37,348,000 |
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 | 3,187,000 | 6,428,000 | 9,727,000 | 13,245,000 |
| Interest expense | 558,000 | 1,079,000 | 1,551,000 | 2,014,000 |
| Net interest income | 2,629,000 | 5,349,000 | 8,176,000 | 11,231,000 |
| Noninterest income | 235,000 | 563,000 | 782,000 | 1,010,000 |
| Noninterest expense | 1,666,000 | 3,564,000 | 5,382,000 | 7,486,000 |
| Provision for loan losses | 175,000 | 600,000 | 1,000,000 | 1,000,000 |
| Pretax income | 1,023,000 | 2,018,000 | 2,925,000 | 4,107,000 |
| Income tax | 0 | 15,000 | 0 | 0 |
| Net income | 1,023,000 | 2,003,000 | 2,925,000 | 4,107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,936,000 | 33,361,000 | 33,966,000 | 35,164,000 |
| Total capital | 35,772,000 | 36,464,000 | 37,000,000 | 38,214,000 |
| Risk-weighted assets | 226,181,000 | 247,402,000 | 241,376,000 | 242,646,000 |