Call reports 2006
INDEPENDENCE BANK — 2006
What INDEPENDENCE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 205,486,000 | 221,823,000 | 256,956,000 | 284,994,000 |
| Total loans | 190,028,000 | 205,145,000 | 233,146,000 | 252,861,000 |
| Allowance for loan losses | 1,921,000 | 2,122,000 | 2,393,000 | 2,593,000 |
| Securities available for sale | 13,030,000 | 14,230,000 | 20,502,000 | 25,936,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,176,000 | 145,686,000 | 167,242,000 | 187,613,000 |
| Interest-bearing deposits | 136,097,000 | 145,605,000 | 167,157,000 | 187,467,000 |
| Noninterest-bearing deposits | 79,000 | 81,000 | 85,000 | 146,000 |
| Equity capital | 31,597,000 | 31,686,000 | 32,295,000 | 33,250,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,327,000 | 5,610,000 | 9,554,000 | 14,151,000 |
| Interest expense | 1,445,000 | 3,514,000 | 6,050,000 | 9,100,000 |
| Net interest income | 882,000 | 2,096,000 | 3,504,000 | 5,051,000 |
| Noninterest income | 64,000 | 207,000 | 334,000 | 531,000 |
| Noninterest expense | 629,000 | 1,546,000 | 2,394,000 | 3,422,000 |
| Provision for loan losses | 693,000 | 894,000 | 1,165,000 | 1,365,000 |
| Pretax income | -376,000 | -137,000 | 279,000 | 793,000 |
| Income tax | 0 | 1,000 | 1,000 | 2,000 |
| Net income | -376,000 | -138,000 | 278,000 | 791,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,833,000 | 32,070,000 | 32,486,000 | 33,313,000 |
| Total capital | 33,754,000 | 34,192,000 | 34,879,000 | 35,906,000 |
| Risk-weighted assets | 196,451,000 | 217,211,000 | 245,931,000 | 270,368,000 |
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