Call reports 2024
INDEPENDENT BANK — 2024
What INDEPENDENT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 5,227,008,000 | 5,273,093,000 | 5,254,269,000 | 5,328,488,000 |
| Total loans | 3,851,260,000 | 3,869,778,000 | 3,959,352,000 | 4,050,560,000 |
| Allowance for loan losses | 56,313,000 | 56,241,000 | 57,444,000 | 59,379,000 |
| Securities available for sale | 613,620,000 | 591,974,000 | 588,950,000 | 559,182,000 |
| Securities held to maturity | 350,112,000 | 344,375,000 | 343,495,000 | 339,568,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,648,307,000 | 4,684,678,000 | 4,692,144,000 | 4,717,362,000 |
| Interest-bearing deposits | 3,561,149,000 | 3,571,604,000 | 3,604,751,000 | 3,652,857,000 |
| Noninterest-bearing deposits | 1,087,158,000 | 1,113,074,000 | 1,087,393,000 | 1,064,505,000 |
| Equity capital | 441,705,000 | 455,720,000 | 476,780,000 | 478,188,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 65,286,000 | 131,782,000 | 200,307,000 | 267,411,000 |
| Interest expense | 23,857,000 | 47,823,000 | 73,324,000 | 96,456,000 |
| Net interest income | 41,429,000 | 83,959,000 | 126,983,000 | 170,955,000 |
| Noninterest income | 12,803,000 | 25,305,000 | 34,834,000 | 53,863,000 |
| Noninterest expense | 32,709,000 | 66,176,000 | 98,515,000 | 135,064,000 |
| Provision for loan losses | 1,871,000 | 1,890,000 | 3,400,000 | 5,618,000 |
| Pretax income | 21,162,000 | 45,538,000 | 63,998,000 | 87,916,000 |
| Income tax | 4,127,000 | 9,040,000 | 12,765,000 | 17,334,000 |
| Net income | 17,035,000 | 36,498,000 | 51,233,000 | 70,582,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 477,361,000 | 490,704,000 | 499,317,000 | 512,546,000 |
| Total capital | 529,972,000 | 543,231,000 | 552,577,000 | 567,254,000 |
| Risk-weighted assets | 4,200,186,000 | 4,193,590,000 | 4,251,674,000 | 4,366,682,000 |