Call reports 2021
INDEPENDENT BANK — 2021
What INDEPENDENT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 4,425,525,000 | 4,459,515,000 | 4,619,561,000 | 4,702,462,000 |
| Total loans | 2,864,225,000 | 2,876,117,000 | 2,964,812,000 | 2,997,977,000 |
| Allowance for loan losses | 46,755,000 | 45,926,000 | 46,799,000 | 47,252,000 |
| Securities available for sale | 1,247,280,000 | 1,330,660,000 | 1,348,378,000 | 1,412,830,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,929,789,000 | 3,928,765,000 | 4,071,168,000 | 4,178,663,000 |
| Interest-bearing deposits | 2,026,967,000 | 2,053,049,000 | 2,191,588,000 | 2,271,444,000 |
| Noninterest-bearing deposits | 1,902,822,000 | 1,875,716,000 | 1,879,580,000 | 1,907,219,000 |
| Equity capital | 411,970,000 | 420,962,000 | 428,194,000 | 426,558,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 32,535,000 | 66,228,000 | 102,480,000 | 139,065,000 |
| Interest expense | 1,330,000 | 2,544,000 | 3,701,000 | 4,745,000 |
| Net interest income | 31,205,000 | 63,684,000 | 98,779,000 | 134,320,000 |
| Noninterest income | 24,272,000 | 38,516,000 | 57,409,000 | 72,328,000 |
| Noninterest expense | 29,926,000 | 62,337,000 | 96,201,000 | 129,118,000 |
| Provision for loan losses | -474,000 | -1,899,000 | -2,558,000 | -1,928,000 |
| Pretax income | 27,441,000 | 43,184,000 | 63,603,000 | 79,662,000 |
| Income tax | 5,255,000 | 8,084,000 | 11,952,000 | 15,051,000 |
| Net income | 22,186,000 | 35,100,000 | 51,651,000 | 64,611,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 377,199,000 | 382,355,000 | 391,147,000 | 396,351,000 |
| Total capital | 414,246,000 | 420,724,000 | 431,416,000 | 438,352,000 |
| Risk-weighted assets | 2,960,676,000 | 3,068,574,000 | 3,221,267,000 | 3,360,105,000 |