Call reports 2016
INDEPENDENT FARMERS BANK — 2016
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 113,028,000 | 116,264,000 | 116,605,000 | 119,572,000 |
| Total loans | 50,127,000 | 52,969,000 | 55,149,000 | 52,707,000 |
| Allowance for loan losses | 583,000 | 614,000 | 767,000 | 692,000 |
| Securities available for sale | 59,044,000 | 58,748,000 | 56,472,000 | 52,971,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 99,154,000 | 98,622,000 | 97,000,000 | 107,899,000 |
| Interest-bearing deposits | 84,149,000 | 84,447,000 | 82,243,000 | 91,342,000 |
| Noninterest-bearing deposits | 15,005,000 | 14,175,000 | 14,757,000 | 16,557,000 |
| Equity capital | 10,919,000 | 11,565,000 | 11,747,000 | 10,016,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,160,000 | 2,377,000 | 3,639,000 | 4,852,000 |
| Interest expense | 110,000 | 220,000 | 340,000 | 455,000 |
| Net interest income | 1,050,000 | 2,157,000 | 3,299,000 | 4,397,000 |
| Noninterest income | 54,000 | 148,000 | 260,000 | 350,000 |
| Noninterest expense | 693,000 | 1,448,000 | 2,193,000 | 2,799,000 |
| Provision for loan losses | 12,000 | 44,000 | 195,000 | 269,000 |
| Pretax income | 502,000 | 921,000 | 1,279,000 | 1,787,000 |
| Income tax | 141,000 | 237,000 | 327,000 | 464,000 |
| Net income | 361,000 | 684,000 | 952,000 | 1,323,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,713,000 | 10,036,000 | 10,304,000 | 9,866,000 |
| Total capital | 10,296,000 | 10,650,000 | 11,071,000 | 10,558,000 |
| Risk-weighted assets | 60,485,000 | 62,343,000 | 64,127,000 | 61,523,000 |