Call reports 2005
INDEPENDENCE BANK — 2005
What INDEPENDENCE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 29,287,000 | 45,742,000 | 90,663,000 | 133,477,000 |
| Total loans | 20,970,000 | 36,688,000 | 79,599,000 | 121,628,000 |
| Allowance for loan losses | 161,000 | 371,000 | 799,000 | 1,228,000 |
| Securities available for sale | 7,454,000 | 7,163,000 | 6,424,000 | 9,914,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,606,000 | 28,914,000 | 67,718,000 | 81,207,000 |
| Interest-bearing deposits | 15,547,000 | 28,818,000 | 67,602,000 | 81,101,000 |
| Noninterest-bearing deposits | 59,000 | 96,000 | 116,000 | 106,000 |
| Equity capital | 8,105,000 | 7,831,000 | 7,411,000 | 22,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 240,000 | 685,000 | 1,541,000 | 3,064,000 |
| Interest expense | 86,000 | 292,000 | 766,000 | 1,703,000 |
| Net interest income | 154,000 | 393,000 | 775,000 | 1,361,000 |
| Noninterest income | 0 | 0 | 3,000 | 72,000 |
| Noninterest expense | 479,000 | 1,022,000 | 1,628,000 | 2,048,000 |
| Provision for loan losses | 133,000 | 343,000 | 771,000 | 1,200,000 |
| Pretax income | -458,000 | -972,000 | -1,621,000 | -1,815,000 |
| Income tax | 0 | 1,000 | 1,000 | 0 |
| Net income | -458,000 | -973,000 | -1,622,000 | -1,815,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,166,000 | 7,901,000 | 7,502,000 | 22,911,000 |
| Total capital | 8,330,000 | 8,272,000 | 8,301,000 | 24,139,000 |
| Risk-weighted assets | 20,581,000 | 39,484,000 | 83,549,000 | 136,920,000 |