Call reports 2020
INDEPENDENT BANK — 2020
What INDEPENDENT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 3,631,549,000 | 4,042,156,000 | 4,168,105,000 | 4,202,741,000 |
| Total loans | 2,784,221,000 | 2,951,643,000 | 2,957,368,000 | 2,829,206,000 |
| Allowance for loan losses | 32,495,000 | 34,500,000 | 35,771,000 | 35,429,000 |
| Securities available for sale | 594,284,000 | 856,280,000 | 985,050,000 | 1,072,159,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,109,798,000 | 3,560,622,000 | 3,665,146,000 | 3,703,937,000 |
| Interest-bearing deposits | 1,790,906,000 | 1,908,629,000 | 1,965,526,000 | 2,008,051,000 |
| Noninterest-bearing deposits | 1,318,892,000 | 1,651,993,000 | 1,699,620,000 | 1,695,886,000 |
| Equity capital | 362,705,000 | 378,182,000 | 400,449,000 | 413,770,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 35,683,000 | 69,473,000 | 104,568,000 | 140,088,000 |
| Interest expense | 4,962,000 | 7,673,000 | 9,831,000 | 13,423,000 |
| Net interest income | 30,721,000 | 61,800,000 | 94,737,000 | 126,665,000 |
| Noninterest income | 10,122,000 | 29,802,000 | 56,032,000 | 77,823,000 |
| Noninterest expense | 28,289,000 | 55,476,000 | 88,866,000 | 121,350,000 |
| Provision for loan losses | 6,721,000 | 11,909,000 | 12,884,000 | 12,463,000 |
| Pretax income | 6,086,000 | 24,470,000 | 49,272,000 | 70,942,000 |
| Income tax | 1,174,000 | 4,731,000 | 9,616,000 | 13,840,000 |
| Net income | 4,912,000 | 19,739,000 | 39,656,000 | 57,102,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 328,391,000 | 335,473,000 | 355,645,000 | 365,343,000 |
| Total capital | 362,547,000 | 370,222,000 | 391,033,000 | 401,005,000 |
| Risk-weighted assets | 2,792,560,000 | 2,778,432,000 | 2,828,875,000 | 2,851,388,000 |