Call reports 2023
FIRST INDEPENDENT BANK — 2023
What FIRST INDEPENDENT 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 | 473,041,000 | 468,909,000 | 485,430,000 | 505,948,000 |
| Total loans | 258,288,000 | 283,572,000 | 303,239,000 | 312,401,000 |
| Allowance for loan losses | 4,686,000 | 4,700,000 | 4,706,000 | 4,675,000 |
| Securities available for sale | 60,916,000 | 50,451,000 | 43,845,000 | 42,361,000 |
| Securities held to maturity | 111,156,000 | 111,858,000 | 112,003,000 | 111,832,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 423,046,000 | 394,903,000 | 402,486,000 | 421,274,000 |
| Interest-bearing deposits | 121,774,000 | 281,248,000 | 293,554,000 | 302,674,000 |
| Noninterest-bearing deposits | 301,272,000 | 113,655,000 | 108,932,000 | 118,600,000 |
| Equity capital | 38,287,000 | 39,469,000 | 37,071,000 | 40,196,000 |
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 | 4,427,000 | 9,189,000 | 14,264,000 | 19,670,000 |
| Interest expense | 685,000 | 1,679,000 | 3,156,000 | 5,227,000 |
| Net interest income | 3,742,000 | 7,510,000 | 11,108,000 | 14,443,000 |
| Noninterest income | 289,000 | 574,000 | 894,000 | 1,175,000 |
| Noninterest expense | 2,314,000 | 4,663,000 | 7,161,000 | 10,047,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,660,000 | 3,081,000 | 4,425,000 | 4,898,000 |
| Income tax | 0 | 78,000 | 120,000 | 162,000 |
| Net income | 1,660,000 | 3,003,000 | 4,305,000 | 4,736,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,659,000 | 44,093,000 | 43,224,000 | 43,738,000 |
| Total capital | 46,363,000 | 48,078,000 | 47,476,000 | 48,128,000 |
| Risk-weighted assets | 295,400,000 | 318,145,000 | 339,782,000 | 350,990,000 |