Call reports 2015
INDEPENDENT FARMERS BANK — 2015
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 113,628,000 | 107,464,000 | 108,067,000 | 113,240,000 |
| Total loans | 42,153,000 | 45,869,000 | 46,980,000 | 48,069,000 |
| Allowance for loan losses | 680,000 | 660,000 | 622,000 | 562,000 |
| Securities available for sale | 55,896,000 | 57,032,000 | 55,409,000 | 58,314,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,197,000 | 95,879,000 | 95,874,000 | 101,475,000 |
| Interest-bearing deposits | 86,859,000 | 82,342,000 | 81,048,000 | 86,469,000 |
| Noninterest-bearing deposits | 14,338,000 | 13,537,000 | 14,826,000 | 15,006,000 |
| Equity capital | 10,678,000 | 10,229,000 | 10,842,000 | 10,402,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,044,000 | 2,153,000 | 3,296,000 | 4,452,000 |
| Interest expense | 125,000 | 247,000 | 361,000 | 469,000 |
| Net interest income | 919,000 | 1,906,000 | 2,935,000 | 3,983,000 |
| Noninterest income | 74,000 | 150,000 | 234,000 | 321,000 |
| Noninterest expense | 658,000 | 1,362,000 | 2,052,000 | 2,751,000 |
| Provision for loan losses | -8,000 | 74,000 | 42,000 | -17,000 |
| Pretax income | 464,000 | 741,000 | 1,196,000 | 1,691,000 |
| Income tax | 131,000 | 191,000 | 293,000 | 417,000 |
| Net income | 333,000 | 550,000 | 903,000 | 1,274,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,220,000 | 9,437,000 | 9,790,000 | 9,352,000 |
| Total capital | 9,869,000 | 10,097,000 | 10,412,000 | 9,914,000 |
| Risk-weighted assets | 51,918,000 | 56,271,000 | 57,220,000 | 58,710,000 |