Call reports 2018
INDEPENDENT FARMERS BANK — 2018
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 115,154,000 | 116,733,000 | 116,795,000 | 121,689,000 |
| Total loans | 55,847,000 | 60,164,000 | 62,741,000 | 62,882,000 |
| Allowance for loan losses | 694,000 | 753,000 | 802,000 | 821,000 |
| Securities available for sale | 53,999,000 | 52,592,000 | 49,689,000 | 49,555,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,983,000 | 103,530,000 | 99,979,000 | 106,646,000 |
| Interest-bearing deposits | 86,373,000 | 86,463,000 | 82,606,000 | 88,591,000 |
| Noninterest-bearing deposits | 17,610,000 | 17,067,000 | 17,373,000 | 18,055,000 |
| Equity capital | 10,640,000 | 10,875,000 | 11,020,000 | 10,784,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,287,000 | 2,686,000 | 4,087,000 | 5,500,000 |
| Interest expense | 130,000 | 273,000 | 441,000 | 641,000 |
| Net interest income | 1,157,000 | 2,413,000 | 3,646,000 | 4,859,000 |
| Noninterest income | 98,000 | 194,000 | 271,000 | 355,000 |
| Noninterest expense | 726,000 | 1,532,000 | 2,300,000 | 3,047,000 |
| Provision for loan losses | 43,000 | 93,000 | 137,000 | 161,000 |
| Pretax income | 486,000 | 981,000 | 1,462,000 | 1,988,000 |
| Income tax | 100,000 | 202,000 | 281,000 | 389,000 |
| Net income | 386,000 | 779,000 | 1,181,000 | 1,599,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,789,000 | 11,182,000 | 11,584,000 | 10,981,000 |
| Total capital | 11,483,000 | 11,935,000 | 12,386,000 | 11,802,000 |
| Risk-weighted assets | 66,877,000 | 70,111,000 | 71,879,000 | 72,579,000 |