Call reports 2022
INDEPENDENT BANK — 2022
What INDEPENDENT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 4,760,965,000 | 4,823,961,000 | 4,927,446,000 | 4,995,759,000 |
| Total loans | 3,035,403,000 | 3,291,738,000 | 3,421,169,000 | 3,515,399,000 |
| Allowance for loan losses | 45,627,000 | 47,883,000 | 51,142,000 | 52,435,000 |
| Securities available for sale | 1,400,137,000 | 859,704,000 | 804,272,000 | 779,347,000 |
| Securities held to maturity | 0 | 381,766,000 | 379,597,000 | 374,986,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,270,627,000 | 4,358,989,000 | 4,395,536,000 | 4,445,539,000 |
| Interest-bearing deposits | 2,352,805,000 | 2,392,123,000 | 2,405,373,000 | 3,133,243,000 |
| Noninterest-bearing deposits | 1,917,822,000 | 1,966,866,000 | 1,990,163,000 | 1,312,296,000 |
| Equity capital | 382,169,000 | 357,464,000 | 355,915,000 | 370,418,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 35,052,000 | 73,702,000 | 118,884,000 | 170,103,000 |
| Interest expense | 1,055,000 | 2,412,000 | 6,387,000 | 15,580,000 |
| Net interest income | 33,997,000 | 71,290,000 | 112,497,000 | 154,523,000 |
| Noninterest income | 18,397,000 | 33,144,000 | 49,952,000 | 61,200,000 |
| Noninterest expense | 31,594,000 | 63,239,000 | 94,943,000 | 126,857,000 |
| Provision for loan losses | -1,573,000 | 648,000 | 3,783,000 | 5,173,000 |
| Pretax income | 22,798,000 | 39,820,000 | 62,604,000 | 82,651,000 |
| Income tax | 4,272,000 | 7,409,000 | 11,700,000 | 15,526,000 |
| Net income | 18,526,000 | 32,411,000 | 50,904,000 | 67,125,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 404,534,000 | 410,651,000 | 421,318,000 | 431,685,000 |
| Total capital | 447,698,000 | 456,878,000 | 469,579,000 | 480,886,000 |
| Risk-weighted assets | 3,521,334,000 | 3,727,736,000 | 3,859,292,000 | 3,934,157,000 |