Call reports 2019
INDEPENDENT BANK — 2019
What INDEPENDENT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 3,382,298,000 | 3,437,152,000 | 3,549,819,000 | 3,563,694,000 |
| Total loans | 2,663,272,000 | 2,770,496,000 | 2,848,097,000 | 2,797,041,000 |
| Allowance for loan losses | 25,254,000 | 25,903,000 | 26,148,000 | 26,148,000 |
| Securities available for sale | 461,531,000 | 430,305,000 | 439,592,000 | 518,400,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,979,298,000 | 3,010,833,000 | 3,087,527,000 | 3,070,031,000 |
| Interest-bearing deposits | 1,892,558,000 | 1,859,035,000 | 1,816,124,000 | 1,810,062,000 |
| Noninterest-bearing deposits | 1,086,740,000 | 1,151,798,000 | 1,271,403,000 | 1,259,969,000 |
| Equity capital | 347,663,000 | 354,165,000 | 360,969,000 | 366,861,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 36,789,000 | 74,514,000 | 112,473,000 | 149,511,000 |
| Interest expense | 5,930,000 | 12,272,000 | 18,730,000 | 24,473,000 |
| Net interest income | 30,859,000 | 62,242,000 | 93,743,000 | 125,038,000 |
| Noninterest income | 9,189,000 | 18,910,000 | 30,660,000 | 45,838,000 |
| Noninterest expense | 27,493,000 | 54,018,000 | 81,569,000 | 110,727,000 |
| Provision for loan losses | 664,000 | 1,316,000 | 1,045,000 | 824,000 |
| Pretax income | 12,195,000 | 26,122,000 | 42,093,000 | 59,632,000 |
| Income tax | 2,318,000 | 5,130,000 | 8,354,000 | 11,589,000 |
| Net income | 9,877,000 | 20,992,000 | 33,739,000 | 48,043,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 314,240,000 | 318,629,000 | 324,647,000 | 331,224,000 |
| Total capital | 340,950,000 | 346,015,000 | 352,432,000 | 358,914,000 |
| Risk-weighted assets | 2,630,794,000 | 2,700,931,000 | 2,762,300,000 | 2,768,519,000 |