Call reports 2021
INDEPENDENT FARMERS BANK — 2021
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 146,232,000 | 147,803,000 | 152,300,000 | 159,173,000 |
| Total loans | 62,914,000 | 63,653,000 | 65,059,000 | 65,374,000 |
| Allowance for loan losses | 717,000 | 714,000 | 715,000 | 724,000 |
| Securities available for sale | 71,734,000 | 77,388,000 | 77,841,000 | 82,145,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,525,000 | 131,709,000 | 135,770,000 | 143,794,000 |
| Interest-bearing deposits | 100,456,000 | 103,615,000 | 108,512,000 | 115,232,000 |
| Noninterest-bearing deposits | 30,069,000 | 28,094,000 | 27,258,000 | 28,562,000 |
| Equity capital | 13,804,000 | 14,333,000 | 14,649,000 | 13,749,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,367,000 | 2,727,000 | 4,124,000 | 5,515,000 |
| Interest expense | 154,000 | 299,000 | 438,000 | 561,000 |
| Net interest income | 1,213,000 | 2,428,000 | 3,686,000 | 4,954,000 |
| Noninterest income | 82,000 | 158,000 | 257,000 | 350,000 |
| Noninterest expense | 858,000 | 1,729,000 | 2,627,000 | 3,463,000 |
| Provision for loan losses | 4,000 | 11,000 | 12,000 | 22,000 |
| Pretax income | 434,000 | 847,000 | 1,305,000 | 1,820,000 |
| Income tax | 74,000 | 143,000 | 223,000 | 257,000 |
| Net income | 360,000 | 704,000 | 1,082,000 | 1,563,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,450,000 | 12,794,000 | 13,172,000 | 12,636,000 |
| Total capital | 13,167,000 | 13,508,000 | 13,887,000 | 13,360,000 |
| Risk-weighted assets | 75,689,000 | 76,637,000 | 79,011,000 | 79,390,000 |