Call reports 2010
INDEPENDENT BANK — 2010
What INDEPENDENT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 2,898,716,000 | 2,737,802,000 | 2,737,236,000 | 2,536,098,000 |
| Total loans | 2,188,460,000 | 2,067,515,000 | 1,974,776,000 | 1,865,608,000 |
| Allowance for loan losses | 76,132,000 | 75,606,000 | 71,744,000 | 67,915,000 |
| Securities available for sale | 149,858,000 | 112,947,000 | 110,318,000 | 67,864,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 49,000 | 27,000 | 22,000 | 32,000 |
| Total deposits | 2,511,626,000 | 2,388,501,000 | 2,389,278,000 | 2,261,849,000 |
| Interest-bearing deposits | 2,164,903,000 | 2,028,854,000 | 2,016,242,000 | 1,798,659,000 |
| Noninterest-bearing deposits | 346,723,000 | 359,647,000 | 373,036,000 | 463,190,000 |
| Equity capital | 186,891,000 | 177,598,000 | 173,900,000 | 170,002,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 41,306,000 | 79,993,000 | 115,890,000 | 149,502,000 |
| Interest expense | 9,378,000 | 18,012,000 | 26,036,000 | 32,728,000 |
| Net interest income | 31,928,000 | 61,981,000 | 89,854,000 | 116,774,000 |
| Noninterest income | 9,731,000 | 17,749,000 | 28,589,000 | 41,638,000 |
| Noninterest expense | 36,437,000 | 71,704,000 | 107,001,000 | 142,928,000 |
| Provision for loan losses | 17,014,000 | 29,694,000 | 39,237,000 | 46,765,000 |
| Pretax income | -11,640,000 | -20,131,000 | -26,572,000 | -30,082,000 |
| Income tax | -264,000 | -108,000 | -1,086,000 | -1,590,000 |
| Net income | -11,376,000 | -20,023,000 | -25,486,000 | -28,492,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 188,149,000 | 179,134,000 | 173,868,000 | 171,947,000 |
| Total capital | 214,551,000 | 203,962,000 | 197,683,000 | 194,524,000 |
| Risk-weighted assets | 2,060,544,000 | 1,933,288,000 | 1,855,850,000 | 1,759,496,000 |