Call reports 2024
INDEPENDENT FARMERS BANK — 2024
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 156,513,000 | 152,701,000 | 153,022,000 | 155,820,000 |
| Total loans | 84,382,000 | 86,603,000 | 86,990,000 | 87,803,000 |
| Allowance for loan losses | 923,000 | 979,000 | 989,000 | 1,003,000 |
| Securities available for sale | 64,192,000 | 57,354,000 | 59,279,000 | 57,403,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,740,000 | 136,963,000 | 129,076,000 | 138,659,000 |
| Interest-bearing deposits | 111,358,000 | 106,721,000 | 99,399,000 | 107,150,000 |
| Noninterest-bearing deposits | 31,382,000 | 30,242,000 | 29,677,000 | 31,509,000 |
| Equity capital | 7,975,000 | 8,290,000 | 10,329,000 | 8,359,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,983,000 | 4,068,000 | 6,180,000 | 8,273,000 |
| Interest expense | 600,000 | 1,269,000 | 1,964,000 | 2,604,000 |
| Net interest income | 1,383,000 | 2,799,000 | 4,216,000 | 5,669,000 |
| Noninterest income | 108,000 | 215,000 | 344,000 | 455,000 |
| Noninterest expense | 1,006,000 | 1,963,000 | 2,955,000 | 3,971,000 |
| Provision for loan losses | 30,000 | 104,000 | 122,000 | 135,000 |
| Pretax income | 451,000 | 797,000 | 1,338,000 | 1,873,000 |
| Income tax | 66,000 | 107,000 | 205,000 | 292,000 |
| Net income | 385,000 | 690,000 | 1,133,000 | 1,581,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,447,000 | 14,752,000 | 15,195,000 | 14,632,000 |
| Total capital | 15,378,000 | 15,741,000 | 16,189,000 | 15,640,000 |
| Risk-weighted assets | 96,555,000 | 97,422,000 | 97,222,000 | 99,019,000 |