Call reports 2014
INDEPENDENCE BANK — 2014
What INDEPENDENCE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 418,986,000 | 407,960,000 | 426,223,000 | 423,151,000 |
| Total loans | 314,391,000 | 319,110,000 | 341,149,000 | 344,130,000 |
| Allowance for loan losses | 4,179,000 | 3,960,000 | 3,930,000 | 3,897,000 |
| Securities available for sale | 66,562,000 | 59,305,000 | 56,735,000 | 54,814,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 337,781,000 | 340,701,000 | 358,291,000 | 345,851,000 |
| Interest-bearing deposits | 247,061,000 | 261,837,000 | 265,616,000 | 261,076,000 |
| Noninterest-bearing deposits | 90,720,000 | 78,864,000 | 92,675,000 | 84,775,000 |
| Equity capital | 45,637,000 | 47,161,000 | 48,347,000 | 49,227,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,198,000 | 9,297,000 | 14,331,000 | 19,287,000 |
| Interest expense | 359,000 | 715,000 | 1,073,000 | 1,443,000 |
| Net interest income | 3,839,000 | 8,582,000 | 13,258,000 | 17,844,000 |
| Noninterest income | 1,892,000 | 2,598,000 | 2,916,000 | 3,556,000 |
| Noninterest expense | 5,402,000 | 9,336,000 | 12,947,000 | 16,968,000 |
| Provision for loan losses | 0 | 0 | 100,000 | 231,000 |
| Pretax income | 332,000 | 1,888,000 | 3,171,000 | 4,245,000 |
| Income tax | -445,000 | 129,000 | 604,000 | 1,178,000 |
| Net income | 777,000 | 1,759,000 | 2,567,000 | 3,067,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,903,000 | 45,684,000 | 45,797,000 | 47,046,000 |
| Total capital | 48,082,000 | 49,644,000 | 49,727,000 | 50,943,000 |
| Risk-weighted assets | 352,339,000 | 362,865,000 | 376,482,000 | 378,255,000 |
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