Call reports 2007
INDEPENDENCE BANK — 2007
What INDEPENDENCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 298,023,000 | 317,668,000 | 368,008,000 | 383,045,000 |
| Total loans | 265,142,000 | 284,331,000 | 323,418,000 | 334,943,000 |
| Allowance for loan losses | 2,687,000 | 2,898,000 | 3,829,000 | 3,971,000 |
| Securities available for sale | 28,896,000 | 27,753,000 | 34,804,000 | 37,745,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 203,979,000 | 227,429,000 | 236,369,000 | 229,025,000 |
| Interest-bearing deposits | 203,509,000 | 226,656,000 | 235,359,000 | 228,002,000 |
| Noninterest-bearing deposits | 470,000 | 773,000 | 1,009,000 | 1,024,000 |
| Equity capital | 33,825,000 | 34,099,000 | 33,948,000 | 34,776,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 4,735,000 | 9,853,000 | 15,679,000 | 22,059,000 |
| Interest expense | 3,227,000 | 6,694,000 | 10,604,000 | 14,803,000 |
| Net interest income | 1,508,000 | 3,159,000 | 5,075,000 | 7,256,000 |
| Noninterest income | 250,000 | 580,000 | 705,000 | 888,000 |
| Noninterest expense | 1,137,000 | 2,391,000 | 3,789,000 | 5,106,000 |
| Provision for loan losses | 94,000 | 305,000 | 1,236,000 | 1,378,000 |
| Pretax income | 527,000 | 1,043,000 | 755,000 | 1,660,000 |
| Income tax | 8,000 | 8,000 | 8,000 | 8,000 |
| Net income | 519,000 | 1,035,000 | 747,000 | 1,652,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,832,000 | 34,349,000 | 34,060,000 | 34,983,000 |
| Total capital | 36,519,000 | 37,247,000 | 37,889,000 | 38,954,000 |
| Risk-weighted assets | 288,770,000 | 309,431,000 | 356,785,000 | 374,263,000 |