Call reports 2016
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2016
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 5,259,773,000 | 5,444,292,000 | 5,664,683,000 | 5,850,211,000 |
| Total loans | 4,137,072,000 | 4,263,407,000 | 4,365,889,000 | 4,580,449,000 |
| Allowance for loan losses | 29,984,000 | 30,916,000 | 29,575,000 | 31,591,000 |
| Securities available for sale | 302,650,000 | 287,976,000 | 267,860,000 | 316,435,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,174,877,000 | 4,213,753,000 | 4,422,641,000 | 4,586,300,000 |
| Interest-bearing deposits | 3,101,341,000 | 3,100,785,000 | 3,273,014,000 | 3,459,182,000 |
| Noninterest-bearing deposits | 1,073,536,000 | 1,112,968,000 | 1,149,627,000 | 1,127,118,000 |
| Equity capital | 693,080,000 | 750,960,000 | 762,102,000 | 789,708,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 51,464,000 | 103,405,000 | 156,145,000 | 210,049,000 |
| Interest expense | 4,654,000 | 9,575,000 | 14,687,000 | 20,196,000 |
| Net interest income | 46,810,000 | 93,830,000 | 141,458,000 | 189,853,000 |
| Noninterest income | 4,433,000 | 9,353,000 | 14,281,000 | 19,475,000 |
| Noninterest expense | 26,377,000 | 53,672,000 | 79,193,000 | 104,502,000 |
| Provision for loan losses | 2,997,000 | 5,120,000 | 7,243,000 | 9,440,000 |
| Pretax income | 21,869,000 | 44,395,000 | 69,307,000 | 95,390,000 |
| Income tax | 7,302,000 | 14,860,000 | 23,152,000 | 31,930,000 |
| Net income | 14,567,000 | 29,535,000 | 46,155,000 | 63,460,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 425,491,000 | 482,651,000 | 494,463,000 | 526,960,000 |
| Total capital | 455,475,000 | 513,567,000 | 524,038,000 | 558,551,000 |
| Risk-weighted assets | 4,402,695,000 | 4,577,216,000 | 4,739,602,000 | 4,993,713,000 |