Call reports 2009
INDEPENDENCE BANK — 2009
What INDEPENDENCE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 397,400,000 | 373,641,000 | 360,713,000 | 356,254,000 |
| Total loans | 338,376,000 | 318,067,000 | 305,108,000 | 291,017,000 |
| Allowance for loan losses | 5,538,000 | 4,997,000 | 5,236,000 | 6,355,000 |
| Securities available for sale | 39,336,000 | 38,589,000 | 26,840,000 | 45,228,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 230,209,000 | 262,987,000 | 274,352,000 | 277,947,000 |
| Interest-bearing deposits | 223,741,000 | 257,546,000 | 269,456,000 | 274,441,000 |
| Noninterest-bearing deposits | 6,469,000 | 5,441,000 | 4,896,000 | 3,506,000 |
| Equity capital | 32,550,000 | 32,584,000 | 32,489,000 | 32,354,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 5,479,000 | 10,845,000 | 16,005,000 | 20,928,000 |
| Interest expense | 2,412,000 | 4,753,000 | 6,794,000 | 8,693,000 |
| Net interest income | 3,067,000 | 6,092,000 | 9,211,000 | 12,235,000 |
| Noninterest income | 69,000 | 152,000 | 209,000 | 903,000 |
| Noninterest expense | 1,959,000 | 4,117,000 | 6,965,000 | 9,428,000 |
| Provision for loan losses | 250,000 | 3,140,000 | 4,764,000 | 7,216,000 |
| Pretax income | -1,484,000 | -3,424,000 | -4,014,000 | -5,211,000 |
| Income tax | -600,000 | -1,401,000 | -1,639,000 | -1,639,000 |
| Net income | -884,000 | -2,023,000 | -2,375,000 | -3,572,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,791,000 | 33,524,000 | 33,035,000 | 32,430,000 |
| Total capital | 39,234,000 | 37,725,000 | 37,057,000 | 36,331,000 |
| Risk-weighted assets | 354,349,000 | 335,270,000 | 320,528,000 | 309,608,000 |
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