Call reports 2014
INDEPENDENT BANK — 2014
What INDEPENDENT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 2,248,728,000 | 2,224,830,000 | 2,214,691,000 | 2,237,914,000 |
| Total loans | 1,376,065,000 | 1,401,242,000 | 1,422,552,000 | 1,434,967,000 |
| Allowance for loan losses | 30,437,000 | 28,197,000 | 27,508,000 | 25,990,000 |
| Securities available for sale | 522,935,000 | 518,126,000 | 533,166,000 | 533,178,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 610,000 | 609,000 | 530,000 | 203,000 |
| Total deposits | 1,957,203,000 | 1,941,186,000 | 1,924,993,000 | 1,946,786,000 |
| Interest-bearing deposits | 1,406,074,000 | 1,376,928,000 | 1,350,038,000 | 1,359,920,000 |
| Noninterest-bearing deposits | 551,129,000 | 564,258,000 | 574,955,000 | 586,866,000 |
| Equity capital | 255,333,000 | 247,995,000 | 253,420,000 | 257,832,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 20,481,000 | 41,072,000 | 61,370,000 | 81,413,000 |
| Interest expense | 1,518,000 | 3,011,000 | 4,487,000 | 5,901,000 |
| Net interest income | 18,963,000 | 38,061,000 | 56,883,000 | 75,512,000 |
| Noninterest income | 8,860,000 | 18,689,000 | 29,049,000 | 37,351,000 |
| Noninterest expense | 22,361,000 | 44,816,000 | 67,036,000 | 89,913,000 |
| Provision for loan losses | 428,000 | -1,417,000 | -2,049,000 | -3,136,000 |
| Pretax income | 5,034,000 | 13,353,000 | 21,059,000 | 26,406,000 |
| Income tax | 1,609,000 | 3,612,000 | 6,107,000 | 7,490,000 |
| Net income | 3,425,000 | 9,741,000 | 14,952,000 | 18,916,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 222,517,000 | 216,394,000 | 223,092,000 | 229,361,000 |
| Total capital | 240,390,000 | 234,562,000 | 241,509,000 | 247,883,000 |
| Risk-weighted assets | 1,409,897,000 | 1,436,381,000 | 1,457,183,000 | 1,467,179,000 |