Call reports 2018
INDEPENDENT BANK — 2018
What INDEPENDENT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 2,783,721,000 | 3,226,183,000 | 3,291,351,000 | 3,356,129,000 |
| Total loans | 2,106,514,000 | 2,532,181,000 | 2,605,318,000 | 2,670,854,000 |
| Allowance for loan losses | 23,071,000 | 23,504,000 | 24,401,000 | 24,888,000 |
| Securities available for sale | 489,119,000 | 450,593,000 | 436,957,000 | 427,926,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,459,037,000 | 2,820,474,000 | 2,843,685,000 | 2,957,873,000 |
| Interest-bearing deposits | 1,650,784,000 | 1,910,371,000 | 1,893,782,000 | 1,943,837,000 |
| Noninterest-bearing deposits | 808,253,000 | 910,103,000 | 949,903,000 | 1,014,036,000 |
| Equity capital | 276,646,000 | 343,500,000 | 343,351,000 | 341,496,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 26,963,000 | 60,259,000 | 94,908,000 | 131,494,000 |
| Interest expense | 2,498,000 | 6,145,000 | 10,424,000 | 15,727,000 |
| Net interest income | 24,465,000 | 54,114,000 | 84,484,000 | 115,767,000 |
| Noninterest income | 11,806,000 | 23,728,000 | 35,497,000 | 43,949,000 |
| Noninterest expense | 23,978,000 | 53,428,000 | 80,135,000 | 106,730,000 |
| Provision for loan losses | 315,000 | 965,000 | 912,000 | 1,503,000 |
| Pretax income | 11,805,000 | 23,285,000 | 38,719,000 | 51,477,000 |
| Income tax | 2,137,000 | 4,336,000 | 7,390,000 | 9,785,000 |
| Net income | 9,668,000 | 18,949,000 | 31,329,000 | 41,692,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 276,999,000 | 310,852,000 | 312,385,000 | 311,043,000 |
| Total capital | 301,081,000 | 335,404,000 | 337,905,000 | 337,227,000 |
| Risk-weighted assets | 2,091,141,000 | 2,480,383,000 | 2,563,046,000 | 2,605,694,000 |