Call reports 2020
INDEPENDENT FARMERS BANK — 2020
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 123,907,000 | 130,846,000 | 131,312,000 | 142,600,000 |
| Total loans | 62,734,000 | 63,309,000 | 65,014,000 | 63,528,000 |
| Allowance for loan losses | 728,000 | 706,000 | 729,000 | 717,000 |
| Securities available for sale | 53,740,000 | 59,489,000 | 60,835,000 | 67,696,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,940,000 | 113,426,000 | 114,624,000 | 126,274,000 |
| Interest-bearing deposits | 86,705,000 | 90,663,000 | 91,171,000 | 99,970,000 |
| Noninterest-bearing deposits | 20,235,000 | 22,763,000 | 23,453,000 | 26,304,000 |
| Equity capital | 13,343,000 | 14,170,000 | 14,745,000 | 14,313,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,486,000 | 2,870,000 | 4,277,000 | 5,694,000 |
| Interest expense | 217,000 | 420,000 | 604,000 | 757,000 |
| Net interest income | 1,269,000 | 2,450,000 | 3,673,000 | 4,937,000 |
| Noninterest income | 58,000 | 110,000 | 179,000 | 258,000 |
| Noninterest expense | 811,000 | 1,610,000 | 2,423,000 | 3,280,000 |
| Provision for loan losses | 22,000 | -1,000 | 20,000 | -87,000 |
| Pretax income | 494,000 | 951,000 | 1,409,000 | 2,002,000 |
| Income tax | 98,000 | 183,000 | 260,000 | 337,000 |
| Net income | 396,000 | 768,000 | 1,149,000 | 1,665,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,904,000 | 12,276,000 | 12,657,000 | 12,094,000 |
| Total capital | 12,632,000 | 12,982,000 | 13,386,000 | 12,811,000 |
| Risk-weighted assets | 72,127,000 | 73,890,000 | 74,763,000 | 76,370,000 |