Call reports 2004
INDEPENDENT BANK — 2004
What INDEPENDENT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 1,210,447,000 | 1,254,353,000 | 1,410,988,000 | 1,464,812,000 |
| Total loans | 908,302,000 | 933,341,000 | 1,077,850,000 | 1,080,677,000 |
| Allowance for loan losses | 8,385,000 | 7,819,000 | 12,464,000 | 12,210,000 |
| Securities available for sale | 199,830,000 | 195,812,000 | 203,698,000 | 258,174,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 841,398,000 | 887,597,000 | 1,039,299,000 | 1,019,642,000 |
| Interest-bearing deposits | 745,315,000 | 781,881,000 | 927,208,000 | 905,756,000 |
| Noninterest-bearing deposits | 96,083,000 | 105,716,000 | 112,091,000 | 113,886,000 |
| Equity capital | 110,704,000 | 111,249,000 | 131,570,000 | 141,246,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 19,176,000 | 38,947,000 | 61,252,000 | 84,575,000 |
| Interest expense | 4,955,000 | 9,725,000 | 15,448,000 | 21,454,000 |
| Net interest income | 14,221,000 | 29,222,000 | 45,804,000 | 63,121,000 |
| Noninterest income | 2,481,000 | 6,662,000 | 9,925,000 | 13,269,000 |
| Noninterest expense | 9,786,000 | 23,424,000 | 34,884,000 | 47,110,000 |
| Provision for loan losses | 509,000 | 852,000 | 1,657,000 | 2,197,000 |
| Pretax income | 6,480,000 | 11,681,000 | 20,055,000 | 27,130,000 |
| Income tax | 1,776,000 | 3,028,000 | 5,531,000 | 7,315,000 |
| Net income | 4,704,000 | 8,653,000 | 14,524,000 | 19,815,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 87,493,000 | 88,002,000 | 101,023,000 | 102,850,000 |
| Total capital | 95,986,000 | 96,305,000 | 114,065,000 | 115,909,000 |
| Risk-weighted assets | 893,363,000 | 934,844,000 | 1,043,069,000 | 1,085,363,000 |
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