Call reports 2017
INDEPENDENT BANK — 2017
What INDEPENDENT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 2,584,700,000 | 2,653,375,000 | 2,743,374,000 | 2,780,041,000 |
| Total loans | 1,741,654,000 | 1,857,648,000 | 1,985,504,000 | 2,059,568,000 |
| Allowance for loan losses | 20,038,000 | 20,586,000 | 21,478,000 | 22,587,000 |
| Securities available for sale | 608,964,000 | 583,725,000 | 548,865,000 | 522,925,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 331,000 | 286,000 | 347,000 | 455,000 |
| Total deposits | 2,287,353,000 | 2,277,988,000 | 2,377,019,000 | 2,431,605,000 |
| Interest-bearing deposits | 1,551,149,000 | 1,522,314,000 | 1,585,663,000 | 1,624,772,000 |
| Noninterest-bearing deposits | 736,204,000 | 755,674,000 | 791,356,000 | 806,833,000 |
| Equity capital | 262,716,000 | 266,093,000 | 267,406,000 | 269,481,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 23,561,000 | 47,307,000 | 72,894,000 | 99,125,000 |
| Interest expense | 1,607,000 | 3,322,000 | 5,439,000 | 7,805,000 |
| Net interest income | 21,954,000 | 43,985,000 | 67,455,000 | 91,320,000 |
| Noninterest income | 10,037,000 | 19,940,000 | 29,831,000 | 41,544,000 |
| Noninterest expense | 23,376,000 | 45,776,000 | 68,065,000 | 91,560,000 |
| Provision for loan losses | -359,000 | 224,000 | 806,000 | 1,199,000 |
| Pretax income | 9,080,000 | 18,042,000 | 28,540,000 | 40,320,000 |
| Income tax | 2,801,000 | 5,606,000 | 8,946,000 | 16,345,000 |
| Net income | 6,279,000 | 12,436,000 | 19,594,000 | 23,975,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 253,024,000 | 255,953,000 | 258,768,000 | 266,476,000 |
| Total capital | 273,822,000 | 277,429,000 | 281,228,000 | 290,188,000 |
| Risk-weighted assets | 1,853,844,000 | 1,930,131,000 | 2,027,625,000 | 2,058,434,000 |