Call reports 2023
INDEPENDENT BANK — 2023
What INDEPENDENT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 5,134,787,000 | 5,130,847,000 | 5,195,890,000 | 5,259,523,000 |
| Total loans | 3,529,014,000 | 3,653,149,000 | 3,758,203,000 | 3,806,344,000 |
| Allowance for loan losses | 50,550,000 | 53,964,000 | 55,495,000 | 54,658,000 |
| Securities available for sale | 767,526,000 | 731,777,000 | 684,641,000 | 679,350,000 |
| Securities held to maturity | 369,737,000 | 361,086,000 | 359,054,000 | 354,145,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,615,077,000 | 4,557,023,000 | 4,649,078,000 | 4,684,576,000 |
| Interest-bearing deposits | 3,372,412,000 | 3,349,891,000 | 3,450,602,000 | 3,555,043,000 |
| Noninterest-bearing deposits | 1,242,665,000 | 1,207,132,000 | 1,198,476,000 | 1,129,533,000 |
| Equity capital | 390,503,000 | 400,645,000 | 401,423,000 | 430,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 54,126,000 | 112,279,000 | 174,910,000 | 240,417,000 |
| Interest expense | 14,388,000 | 32,891,000 | 54,794,000 | 78,939,000 |
| Net interest income | 39,738,000 | 79,388,000 | 120,116,000 | 161,478,000 |
| Noninterest income | 10,567,000 | 25,726,000 | 41,154,000 | 50,185,000 |
| Noninterest expense | 31,058,000 | 62,893,000 | 94,267,000 | 125,597,000 |
| Provision for loan losses | -832,000 | 2,485,000 | 3,840,000 | 3,221,000 |
| Pretax income | 17,340,000 | 36,897,000 | 59,878,000 | 79,210,000 |
| Income tax | 3,208,000 | 6,924,000 | 11,332,000 | 15,842,000 |
| Net income | 14,132,000 | 29,973,000 | 48,546,000 | 63,368,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 437,377,000 | 447,355,000 | 460,064,000 | 469,023,000 |
| Total capital | 486,461,000 | 497,759,000 | 512,002,000 | 521,374,000 |
| Risk-weighted assets | 3,923,766,000 | 4,027,154,000 | 4,149,471,000 | 4,183,414,000 |