Call reports 2016
INDEPENDENT BANK — 2016
What INDEPENDENT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 2,475,667,000 | 2,441,298,000 | 2,526,827,000 | 2,537,351,000 |
| Total loans | 1,567,512,000 | 1,614,369,000 | 1,646,030,000 | 1,676,577,000 |
| Allowance for loan losses | 22,495,000 | 22,712,000 | 22,043,000 | 20,234,000 |
| Securities available for sale | 589,500,000 | 599,755,000 | 603,112,000 | 610,616,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 136,000 | 212,000 | 152,000 | 410,000 |
| Total deposits | 2,177,386,000 | 2,152,150,000 | 2,225,721,000 | 2,245,262,000 |
| Interest-bearing deposits | 1,490,071,000 | 1,457,303,000 | 1,483,231,000 | 1,509,186,000 |
| Noninterest-bearing deposits | 687,315,000 | 694,847,000 | 742,490,000 | 736,076,000 |
| Equity capital | 247,567,000 | 256,850,000 | 263,762,000 | 258,814,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 21,534,000 | 43,002,000 | 64,968,000 | 87,326,000 |
| Interest expense | 1,319,000 | 2,683,000 | 4,139,000 | 5,742,000 |
| Net interest income | 20,215,000 | 40,319,000 | 60,829,000 | 81,584,000 |
| Noninterest income | 7,469,000 | 16,780,000 | 27,988,000 | 40,839,000 |
| Noninterest expense | 21,885,000 | 42,796,000 | 64,922,000 | 89,496,000 |
| Provision for loan losses | -530,000 | -1,264,000 | -1,439,000 | -1,309,000 |
| Pretax income | 6,503,000 | 15,850,000 | 25,632,000 | 34,537,000 |
| Income tax | 2,121,000 | 4,886,000 | 8,023,000 | 10,783,000 |
| Net income | 4,382,000 | 10,964,000 | 17,609,000 | 23,754,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 229,884,000 | 238,734,000 | 247,615,000 | 249,971,000 |
| Total capital | 251,157,000 | 260,344,000 | 269,578,000 | 270,855,000 |
| Risk-weighted assets | 1,693,793,000 | 1,721,404,000 | 1,751,449,000 | 1,802,790,000 |