Call reports 2013
INDEPENDENCE BANK — 2013
What INDEPENDENCE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 280,313,000 | 277,673,000 | 311,772,000 | 311,482,000 |
| Total loans | 198,099,000 | 188,397,000 | 218,933,000 | 228,352,000 |
| Allowance for loan losses | 4,093,000 | 4,096,000 | 4,116,000 | 4,146,000 |
| Securities available for sale | 67,128,000 | 72,815,000 | 69,382,000 | 66,755,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 201,081,000 | 189,315,000 | 227,401,000 | 230,465,000 |
| Interest-bearing deposits | 178,519,000 | 162,902,000 | 192,158,000 | 198,989,000 |
| Noninterest-bearing deposits | 22,562,000 | 26,413,000 | 35,244,000 | 31,476,000 |
| Equity capital | 40,270,000 | 39,589,000 | 39,752,000 | 40,449,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,282,000 | 6,339,000 | 9,568,000 | 13,139,000 |
| Interest expense | 366,000 | 648,000 | 944,000 | 1,282,000 |
| Net interest income | 2,916,000 | 5,691,000 | 8,624,000 | 11,857,000 |
| Noninterest income | 116,000 | 238,000 | 372,000 | 879,000 |
| Noninterest expense | 2,412,000 | 4,866,000 | 7,238,000 | 10,059,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 50,000 |
| Pretax income | 570,000 | 1,013,000 | 1,708,000 | 2,627,000 |
| Income tax | 78,000 | 199,000 | 434,000 | 735,000 |
| Net income | 492,000 | 814,000 | 1,274,000 | 1,892,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,597,000 | 40,012,000 | 40,517,000 | 41,137,000 |
| Total capital | 42,383,000 | 42,710,000 | 43,540,000 | 44,288,000 |
| Risk-weighted assets | 221,543,000 | 214,344,000 | 240,670,000 | 250,977,000 |
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