Call reports 2008
INDEPENDENT BANK — 2008
What INDEPENDENT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 3,238,995,000 | 3,231,612,000 | 3,136,290,000 | 2,953,214,000 |
| Total loans | 2,572,430,000 | 2,592,478,000 | 2,532,115,000 | 2,489,485,000 |
| Allowance for loan losses | 49,911,000 | 51,104,000 | 53,898,000 | 57,900,000 |
| Securities available for sale | 345,478,000 | 308,757,000 | 241,910,000 | 215,412,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 12,855,000 | 12,963,000 | 5,179,000 | 1,929,000 |
| Total deposits | 2,270,616,000 | 2,099,012,000 | 2,175,882,000 | 2,098,169,000 |
| Interest-bearing deposits | 1,959,701,000 | 1,772,580,000 | 1,849,060,000 | 1,758,438,000 |
| Noninterest-bearing deposits | 310,915,000 | 326,432,000 | 326,822,000 | 339,731,000 |
| Equity capital | 317,445,000 | 316,150,000 | 304,130,000 | 259,196,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 53,330,000 | 105,013,000 | 155,923,000 | 204,930,000 |
| Interest expense | 20,780,000 | 37,172,000 | 52,104,000 | 66,445,000 |
| Net interest income | 32,550,000 | 67,841,000 | 103,819,000 | 138,485,000 |
| Noninterest income | 9,099,000 | 20,515,000 | 24,190,000 | 28,469,000 |
| Noninterest expense | 29,482,000 | 58,652,000 | 88,046,000 | 169,935,000 |
| Provision for loan losses | 11,383,000 | 23,875,000 | 44,039,000 | 72,079,000 |
| Pretax income | 784,000 | 6,552,000 | -2,395,000 | -79,635,000 |
| Income tax | -1,086,000 | 112,000 | -4,862,000 | 2,272,000 |
| Net income | 1,870,000 | 6,440,000 | 2,467,000 | -81,907,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 235,878,000 | 239,085,000 | 232,398,000 | 250,639,000 |
| Total capital | 267,248,000 | 270,490,000 | 263,033,000 | 280,971,000 |
| Risk-weighted assets | 2,489,181,000 | 2,491,002,000 | 2,426,217,000 | 2,359,799,000 |