Call reports 2008
INDEPENDENCE BANK — 2008
What INDEPENDENCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 390,688,000 | 403,956,000 | 401,154,000 | 394,037,000 |
| Total loans | 343,697,000 | 352,095,000 | 352,754,000 | 344,541,000 |
| Allowance for loan losses | 4,387,000 | 4,583,000 | 6,930,000 | 5,292,000 |
| Securities available for sale | 34,888,000 | 38,271,000 | 37,112,000 | 32,581,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,326,000 | 238,041,000 | 234,938,000 | 250,586,000 |
| Interest-bearing deposits | 240,559,000 | 233,666,000 | 230,959,000 | 246,530,000 |
| Noninterest-bearing deposits | 2,767,000 | 4,376,000 | 3,980,000 | 4,056,000 |
| Equity capital | 34,908,000 | 35,963,000 | 35,355,000 | 32,725,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 6,497,000 | 12,757,000 | 18,967,000 | 24,906,000 |
| Interest expense | 3,864,000 | 7,092,000 | 10,059,000 | 12,743,000 |
| Net interest income | 2,633,000 | 5,665,000 | 8,908,000 | 12,163,000 |
| Noninterest income | 123,000 | 255,000 | 386,000 | 462,000 |
| Noninterest expense | 1,435,000 | 2,923,000 | 4,615,000 | 6,464,000 |
| Provision for loan losses | 417,000 | 612,000 | 2,959,000 | 5,305,000 |
| Pretax income | 904,000 | 2,385,000 | 1,720,000 | 856,000 |
| Income tax | 47,000 | 659,000 | 401,000 | 77,000 |
| Net income | 857,000 | 1,726,000 | 1,319,000 | 779,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,840,000 | 36,709,000 | 36,301,000 | 35,797,000 |
| Total capital | 40,227,000 | 41,292,000 | 41,041,000 | 40,450,000 |
| Risk-weighted assets | 379,774,000 | 389,514,000 | 376,874,000 | 371,545,000 |
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