Call reports 2011
INDEPENDENCE BANK — 2011
What INDEPENDENCE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 319,836,000 | 310,203,000 | 300,833,000 | 294,194,000 |
| Total loans | 251,102,000 | 244,921,000 | 231,054,000 | 222,935,000 |
| Allowance for loan losses | 5,669,000 | 5,705,000 | 5,016,000 | 4,698,000 |
| Securities available for sale | 51,748,000 | 52,131,000 | 52,595,000 | 54,166,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,483,000 | 229,361,000 | 218,895,000 | 208,729,000 |
| Interest-bearing deposits | 231,773,000 | 216,192,000 | 204,928,000 | 196,414,000 |
| Noninterest-bearing deposits | 11,710,000 | 13,169,000 | 13,967,000 | 12,315,000 |
| Equity capital | 35,269,000 | 36,157,000 | 37,245,000 | 37,197,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 4,198,000 | 8,413,000 | 12,590,000 | 16,384,000 |
| Interest expense | 1,005,000 | 1,929,000 | 2,799,000 | 3,582,000 |
| Net interest income | 3,193,000 | 6,484,000 | 9,791,000 | 12,802,000 |
| Noninterest income | 55,000 | 278,000 | 368,000 | -1,367,000 |
| Noninterest expense | 2,406,000 | 4,966,000 | 7,447,000 | 10,136,000 |
| Provision for loan losses | 50,000 | 100,000 | 325,000 | 400,000 |
| Pretax income | 792,000 | 1,696,000 | 2,518,000 | 1,085,000 |
| Income tax | 312,000 | 625,000 | 929,000 | -342,000 |
| Net income | 480,000 | 1,071,000 | 1,589,000 | 1,427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,468,000 | 36,059,000 | 37,433,000 | 36,874,000 |
| Total capital | 38,926,000 | 39,353,000 | 40,580,000 | 39,936,000 |
| Risk-weighted assets | 274,396,000 | 260,980,000 | 249,767,000 | 243,126,000 |