Call reports 2023
INDEPENDENT FARMERS BANK — 2023
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 154,284,000 | 155,659,000 | 153,306,000 | 154,854,000 |
| Total loans | 79,698,000 | 81,266,000 | 83,165,000 | 82,558,000 |
| Allowance for loan losses | 848,000 | 844,000 | 898,000 | 892,000 |
| Securities available for sale | 67,202,000 | 65,951,000 | 62,110,000 | 64,980,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,299,000 | 139,266,000 | 134,849,000 | 143,849,000 |
| Interest-bearing deposits | 113,280,000 | 108,341,000 | 105,068,000 | 112,802,000 |
| Noninterest-bearing deposits | 31,019,000 | 30,925,000 | 29,781,000 | 31,047,000 |
| Equity capital | 7,677,000 | 7,276,000 | 6,157,000 | 8,028,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,730,000 | 3,632,000 | 5,585,000 | 7,552,000 |
| Interest expense | 366,000 | 805,000 | 1,372,000 | 1,960,000 |
| Net interest income | 1,364,000 | 2,827,000 | 4,213,000 | 5,592,000 |
| Noninterest income | 99,000 | 221,000 | 340,000 | 457,000 |
| Noninterest expense | 961,000 | 1,919,000 | 2,907,000 | 3,860,000 |
| Provision for loan losses | 27,000 | 42,000 | 106,000 | 119,000 |
| Pretax income | 411,000 | 1,023,000 | 1,441,000 | 1,968,000 |
| Income tax | 71,000 | 170,000 | 227,000 | 312,000 |
| Net income | 340,000 | 853,000 | 1,214,000 | 1,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,757,000 | 14,270,000 | 14,631,000 | 14,062,000 |
| Total capital | 14,605,000 | 15,114,000 | 15,529,000 | 14,957,000 |
| Risk-weighted assets | 93,373,000 | 94,817,000 | 96,746,000 | 95,264,000 |