Call reports 2017
INDEPENDENT FARMERS BANK — 2017
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 116,105,000 | 116,369,000 | 115,789,000 | 118,420,000 |
| Total loans | 52,194,000 | 54,581,000 | 56,145,000 | 55,070,000 |
| Allowance for loan losses | 604,000 | 640,000 | 629,000 | 681,000 |
| Securities available for sale | 58,386,000 | 57,546,000 | 55,645,000 | 53,692,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,773,000 | 103,493,000 | 102,031,000 | 107,134,000 |
| Interest-bearing deposits | 87,562,000 | 87,896,000 | 85,974,000 | 90,647,000 |
| Noninterest-bearing deposits | 16,211,000 | 15,597,000 | 16,057,000 | 16,487,000 |
| Equity capital | 10,566,000 | 11,367,000 | 11,709,000 | 10,729,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,227,000 | 2,498,000 | 3,758,000 | 5,020,000 |
| Interest expense | 117,000 | 243,000 | 377,000 | 503,000 |
| Net interest income | 1,110,000 | 2,255,000 | 3,381,000 | 4,517,000 |
| Noninterest income | 91,000 | 159,000 | 243,000 | 328,000 |
| Noninterest expense | 716,000 | 1,432,000 | 2,158,000 | 2,841,000 |
| Provision for loan losses | 15,000 | 51,000 | 37,000 | 85,000 |
| Pretax income | 470,000 | 933,000 | 1,432,000 | 1,923,000 |
| Income tax | 128,000 | 248,000 | 267,000 | 384,000 |
| Net income | 342,000 | 685,000 | 1,165,000 | 1,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,208,000 | 10,551,000 | 11,032,000 | 10,403,000 |
| Total capital | 10,812,000 | 11,191,000 | 11,661,000 | 11,084,000 |
| Risk-weighted assets | 62,012,000 | 64,331,000 | 65,528,000 | 64,845,000 |