Call reports 2011
INDEPENDENT BANK — 2011
What INDEPENDENT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 2,476,993,000 | 2,318,396,000 | 2,318,168,000 | 2,304,743,000 |
| Total loans | 1,754,849,000 | 1,703,514,000 | 1,657,990,000 | 1,623,128,000 |
| Allowance for loan losses | 66,135,000 | 61,115,000 | 58,820,000 | 58,884,000 |
| Securities available for sale | 111,936,000 | 78,192,000 | 94,788,000 | 157,444,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 105,000 | 156,000 | 99,000 | 77,000 |
| Total deposits | 2,232,748,000 | 2,076,227,000 | 2,089,796,000 | 2,092,205,000 |
| Interest-bearing deposits | 1,777,873,000 | 1,615,053,000 | 1,571,174,000 | 1,588,174,000 |
| Noninterest-bearing deposits | 454,875,000 | 461,174,000 | 518,622,000 | 504,031,000 |
| Equity capital | 163,277,000 | 164,111,000 | 160,881,000 | 152,987,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 30,697,000 | 60,064,000 | 88,499,000 | 115,502,000 |
| Interest expense | 5,600,000 | 10,667,000 | 14,398,000 | 17,464,000 |
| Net interest income | 25,097,000 | 49,397,000 | 74,101,000 | 98,038,000 |
| Noninterest income | 10,922,000 | 21,644,000 | 28,689,000 | 39,703,000 |
| Noninterest expense | 31,813,000 | 62,476,000 | 92,390,000 | 127,116,000 |
| Provision for loan losses | 11,076,000 | 15,454,000 | 21,029,000 | 27,946,000 |
| Pretax income | -6,872,000 | -6,827,000 | -10,571,000 | -17,877,000 |
| Income tax | -8,000 | -266,000 | -750,000 | -214,000 |
| Net income | -6,864,000 | -6,561,000 | -9,821,000 | -17,663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 165,633,000 | 165,843,000 | 162,726,000 | 156,104,000 |
| Total capital | 187,179,000 | 186,755,000 | 182,998,000 | 175,868,000 |
| Risk-weighted assets | 1,677,713,000 | 1,631,234,000 | 1,581,861,000 | 1,540,676,000 |