Call reports 2003
INDEPENDENT BANK — 2003
What INDEPENDENT BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 981,984,000 | 1,126,848,000 | 1,148,549,000 | 1,171,063,000 |
| Total loans | 685,386,000 | 817,451,000 | 845,101,000 | 868,965,000 |
| Allowance for loan losses | 7,549,000 | 8,284,000 | 8,269,000 | 8,429,000 |
| Securities available for sale | 192,407,000 | 194,078,000 | 202,490,000 | 194,384,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 768,841,000 | 780,764,000 | 788,624,000 | 813,008,000 |
| Interest-bearing deposits | 643,629,000 | 682,128,000 | 693,714,000 | 727,615,000 |
| Noninterest-bearing deposits | 125,212,000 | 98,636,000 | 94,910,000 | 85,393,000 |
| Equity capital | 75,897,000 | 98,431,000 | 101,755,000 | 106,523,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 15,185,000 | 33,824,000 | 53,167,000 | 72,638,000 |
| Interest expense | 5,356,000 | 10,896,000 | 16,113,000 | 21,119,000 |
| Net interest income | 9,829,000 | 22,928,000 | 37,054,000 | 51,519,000 |
| Noninterest income | 3,767,000 | 7,563,000 | 12,111,000 | 15,996,000 |
| Noninterest expense | 7,224,000 | 16,845,000 | 27,503,000 | 37,619,000 |
| Provision for loan losses | 330,000 | 755,000 | 1,049,000 | 2,464,000 |
| Pretax income | 6,311,000 | 13,160,000 | 20,451,000 | 27,259,000 |
| Income tax | 1,713,000 | 3,640,000 | 5,707,000 | 7,635,000 |
| Net income | 4,598,000 | 9,520,000 | 14,744,000 | 19,624,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,019,000 | 75,905,000 | 80,590,000 | 84,592,000 |
| Total capital | 71,662,000 | 84,320,000 | 88,935,000 | 93,029,000 |
| Risk-weighted assets | 683,511,000 | 812,296,000 | 846,672,000 | 864,859,000 |
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