Call reports 2019
INDEPENDENT FARMERS BANK — 2019
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 120,354,000 | 122,519,000 | 123,277,000 | 129,259,000 |
| Total loans | 64,893,000 | 67,381,000 | 67,721,000 | 64,391,000 |
| Allowance for loan losses | 933,000 | 744,000 | 769,000 | 819,000 |
| Securities available for sale | 49,556,000 | 49,649,000 | 49,505,000 | 50,881,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,888,000 | 105,609,000 | 105,694,000 | 113,091,000 |
| Interest-bearing deposits | 87,377,000 | 87,807,000 | 84,141,000 | 92,063,000 |
| Noninterest-bearing deposits | 17,511,000 | 17,802,000 | 21,553,000 | 21,028,000 |
| Equity capital | 11,703,000 | 12,490,000 | 13,149,000 | 12,335,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,472,000 | 2,942,000 | 4,476,000 | 5,944,000 |
| Interest expense | 205,000 | 425,000 | 658,000 | 873,000 |
| Net interest income | 1,267,000 | 2,517,000 | 3,818,000 | 5,071,000 |
| Noninterest income | 69,000 | 144,000 | 229,000 | 289,000 |
| Noninterest expense | 769,000 | 1,591,000 | 2,404,000 | 3,177,000 |
| Provision for loan losses | 117,000 | 147,000 | 313,000 | 387,000 |
| Pretax income | 454,000 | 927,000 | 1,334,000 | 1,800,000 |
| Income tax | 87,000 | 184,000 | 168,000 | 247,000 |
| Net income | 367,000 | 743,000 | 1,166,000 | 1,553,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,343,000 | 11,719,000 | 12,142,000 | 11,508,000 |
| Total capital | 12,265,000 | 12,463,000 | 12,911,000 | 12,327,000 |
| Risk-weighted assets | 73,806,000 | 75,523,000 | 76,125,000 | 73,215,000 |