Call reports 2015
INDEPENDENT BANK — 2015
What INDEPENDENT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 2,318,360,000 | 2,277,818,000 | 2,383,647,000 | 2,397,774,000 |
| Total loans | 1,454,591,000 | 1,480,950,000 | 1,494,156,000 | 1,543,973,000 |
| Allowance for loan losses | 24,679,000 | 24,586,000 | 24,604,000 | 22,570,000 |
| Securities available for sale | 571,762,000 | 557,695,000 | 604,662,000 | 585,484,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 213,000 | 180,000 | 225,000 | 148,000 |
| Total deposits | 2,040,333,000 | 1,998,661,000 | 2,088,588,000 | 2,106,894,000 |
| Interest-bearing deposits | 1,391,486,000 | 1,356,791,000 | 1,433,008,000 | 1,431,017,000 |
| Noninterest-bearing deposits | 648,847,000 | 641,870,000 | 655,580,000 | 675,877,000 |
| Equity capital | 244,807,000 | 249,477,000 | 255,659,000 | 259,947,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 19,728,000 | 40,057,000 | 60,570,000 | 81,636,000 |
| Interest expense | 1,234,000 | 2,430,000 | 3,644,000 | 4,907,000 |
| Net interest income | 18,494,000 | 37,627,000 | 56,926,000 | 76,729,000 |
| Noninterest income | 8,756,000 | 19,687,000 | 29,584,000 | 39,482,000 |
| Noninterest expense | 22,016,000 | 43,592,000 | 65,325,000 | 88,047,000 |
| Provision for loan losses | -659,000 | -793,000 | -1,037,000 | -2,714,000 |
| Pretax income | 5,968,000 | 14,590,000 | 22,297,000 | 30,953,000 |
| Income tax | 1,927,000 | 4,691,000 | 7,111,000 | 9,938,000 |
| Net income | 4,041,000 | 9,899,000 | 15,186,000 | 21,015,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 217,216,000 | 225,439,000 | 233,123,000 | 240,868,000 |
| Total capital | 237,073,000 | 245,543,000 | 253,647,000 | 261,895,000 |
| Risk-weighted assets | 1,568,202,000 | 1,589,723,000 | 1,625,056,000 | 1,668,930,000 |