Call reports 2008
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2008
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 517,111,000 | 536,822,000 | 564,550,000 | 630,651,000 |
| Total loans | 416,758,000 | 433,818,000 | 444,394,000 | 473,638,000 |
| Allowance for loan losses | 2,913,000 | 2,825,000 | 2,980,000 | 3,222,000 |
| Securities available for sale | 13,012,000 | 9,515,000 | 5,802,000 | 5,481,000 |
| Securities held to maturity | 33,442,000 | 33,263,000 | 35,704,000 | 32,691,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 434,427,000 | 438,330,000 | 460,412,000 | 514,785,000 |
| Interest-bearing deposits | 358,278,000 | 358,468,000 | 386,023,000 | 432,673,000 |
| Noninterest-bearing deposits | 76,149,000 | 79,862,000 | 74,389,000 | 82,112,000 |
| Equity capital | 49,719,000 | 51,195,000 | 52,582,000 | 64,515,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 8,194,000 | 16,515,000 | 24,865,000 | 33,273,000 |
| Interest expense | 3,538,000 | 6,798,000 | 9,922,000 | 13,059,000 |
| Net interest income | 4,656,000 | 9,717,000 | 14,943,000 | 20,214,000 |
| Noninterest income | 749,000 | 1,655,000 | 2,486,000 | 3,594,000 |
| Noninterest expense | 3,906,000 | 7,900,000 | 11,956,000 | 17,247,000 |
| Provision for loan losses | 92,000 | 244,000 | 547,000 | 849,000 |
| Pretax income | 1,407,000 | 3,228,000 | 4,926,000 | 5,712,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,407,000 | 3,228,000 | 4,926,000 | 5,712,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,916,000 | 40,593,000 | 42,045,000 | 53,406,000 |
| Total capital | 41,829,000 | 43,418,000 | 45,025,000 | 56,628,000 |
| Risk-weighted assets | 411,290,000 | 430,871,000 | 444,454,000 | 474,542,000 |
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