Call reports 2004
INDEPENDENCE BANK — 2004
What INDEPENDENCE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Total assets | 9,096,000 | 17,396,000 |
| Total loans | 0 | 5,274,000 |
| Allowance for loan losses | 0 | 28,000 |
| Securities available for sale | 0 | 7,999,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 486,000 | 9,244,000 |
| Interest-bearing deposits | 485,000 | 9,204,000 |
| Noninterest-bearing deposits | 0 | 40,000 |
| Equity capital | 8,476,000 | 8,104,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Interest income | 6,000 | 104,000 |
| Interest expense | 0 | 28,000 |
| Net interest income | 6,000 | 76,000 |
| Noninterest income | 0 | 0 |
| Noninterest expense | 30,000 | 424,000 |
| Provision for loan losses | 0 | 28,000 |
| Pretax income | -24,000 | -376,000 |
| Income tax | 0 | 0 |
| Net income | -24,000 | -376,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Tier 1 capital | 8,476,000 | 8,124,000 |
| Total capital | 8,476,000 | 8,152,000 |
| Risk-weighted assets | 1,898,000 | 6,410,000 |