Call reports 2022
INDEPENDENT FARMERS BANK — 2022
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 153,986,000 | 151,575,000 | 153,160,000 | 159,262,000 |
| Total loans | 68,827,000 | 72,866,000 | 76,174,000 | 80,449,000 |
| Allowance for loan losses | 754,000 | 783,000 | 817,000 | 823,000 |
| Securities available for sale | 77,064,000 | 72,843,000 | 69,992,000 | 71,095,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,667,000 | 141,925,000 | 138,707,000 | 146,086,000 |
| Interest-bearing deposits | 113,527,000 | 113,004,000 | 108,766,000 | 116,822,000 |
| Noninterest-bearing deposits | 29,140,000 | 28,921,000 | 29,941,000 | 29,264,000 |
| Equity capital | 10,059,000 | 7,651,000 | 5,965,000 | 6,383,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,415,000 | 2,908,000 | 4,520,000 | 6,177,000 |
| Interest expense | 120,000 | 240,000 | 379,000 | 646,000 |
| Net interest income | 1,295,000 | 2,668,000 | 4,141,000 | 5,531,000 |
| Noninterest income | 92,000 | 193,000 | 296,000 | 390,000 |
| Noninterest expense | 896,000 | 1,787,000 | 2,714,000 | 3,609,000 |
| Provision for loan losses | 29,000 | 39,000 | 96,000 | 111,000 |
| Pretax income | 464,000 | 1,037,000 | 1,629,000 | 2,203,000 |
| Income tax | 85,000 | 195,000 | 312,000 | 401,000 |
| Net income | 379,000 | 842,000 | 1,317,000 | 1,802,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,015,000 | 13,478,000 | 13,953,000 | 13,417,000 |
| Total capital | 13,769,000 | 14,261,000 | 14,770,000 | 14,240,000 |
| Risk-weighted assets | 82,890,000 | 87,605,000 | 91,534,000 | 95,709,000 |