Call reports 2024
FIRST INDEPENDENT BANK — 2024
What FIRST INDEPENDENT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 519,485,000 | 517,347,000 | 509,951,000 | 527,727,000 |
| Total loans | 311,473,000 | 325,184,000 | 322,832,000 | 343,359,000 |
| Allowance for loan losses | 4,708,000 | 4,062,000 | 4,165,000 | 4,162,000 |
| Securities available for sale | 60,585,000 | 57,589,000 | 54,110,000 | 48,312,000 |
| Securities held to maturity | 104,319,000 | 102,871,000 | 99,653,000 | 98,814,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 425,792,000 | 412,653,000 | 404,955,000 | 427,748,000 |
| Interest-bearing deposits | 314,893,000 | 309,510,000 | 299,921,000 | 310,388,000 |
| Noninterest-bearing deposits | 110,899,000 | 103,143,000 | 105,034,000 | 117,360,000 |
| Equity capital | 38,882,000 | 39,920,000 | 40,270,000 | 40,093,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 5,734,000 | 12,179,000 | 18,649,000 | 25,936,000 |
| Interest expense | 2,329,000 | 4,848,000 | 7,607,000 | 10,207,000 |
| Net interest income | 3,405,000 | 7,331,000 | 11,042,000 | 15,729,000 |
| Noninterest income | 249,000 | 278,000 | 807,000 | 1,009,000 |
| Noninterest expense | 2,604,000 | 4,970,000 | 7,695,000 | 11,060,000 |
| Provision for loan losses | 0 | 150,000 | 300,000 | 1,000,000 |
| Pretax income | 1,057,000 | 2,160,000 | 3,327,000 | 4,221,000 |
| Income tax | 0 | 48,000 | 84,000 | 84,000 |
| Net income | 1,057,000 | 2,112,000 | 3,243,000 | 4,137,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,869,000 | 43,995,000 | 43,179,000 | 44,130,000 |
| Total capital | 47,577,000 | 48,057,000 | 47,553,000 | 48,501,000 |
| Risk-weighted assets | 377,869,000 | 415,077,000 | 410,367,000 | 427,486,000 |