Call reports 2020
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2020
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 15,568,677,000 | 16,981,309,000 | 17,111,792,000 | 17,747,717,000 |
| Total loans | 11,855,674,000 | 12,649,941,000 | 12,945,150,000 | 13,148,277,000 |
| Allowance for loan losses | 58,403,000 | 80,055,000 | 87,491,000 | 87,820,000 |
| Securities available for sale | 1,089,136,000 | 1,049,592,000 | 1,076,619,000 | 1,153,693,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,888,461,000 | 13,304,122,000 | 13,815,892,000 | 14,404,048,000 |
| Interest-bearing deposits | 8,726,496,000 | 9,314,631,000 | 9,610,410,000 | 10,234,127,000 |
| Noninterest-bearing deposits | 3,161,965,000 | 3,989,491,000 | 4,205,482,000 | 4,169,921,000 |
| Equity capital | 2,608,293,000 | 2,651,897,000 | 2,814,488,000 | 2,875,550,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 156,398,000 | 307,632,000 | 459,423,000 | 611,479,000 |
| Interest expense | 29,701,000 | 49,321,000 | 65,722,000 | 80,452,000 |
| Net interest income | 126,697,000 | 258,311,000 | 393,701,000 | 531,027,000 |
| Noninterest income | 14,142,000 | 39,473,000 | 64,734,000 | 84,636,000 |
| Noninterest expense | 71,067,000 | 135,469,000 | 206,379,000 | 278,959,000 |
| Provision for loan losses | 8,381,000 | 31,502,000 | 39,122,000 | 42,993,000 |
| Pretax income | 61,747,000 | 131,195,000 | 213,316,000 | 294,093,000 |
| Income tax | 13,083,000 | 26,435,000 | 43,651,000 | 60,583,000 |
| Net income | 48,664,000 | 104,760,000 | 169,665,000 | 233,510,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,507,572,000 | 1,545,218,000 | 1,710,119,000 | 1,776,420,000 |
| Total capital | 1,565,975,000 | 1,625,273,000 | 1,797,610,000 | 1,864,240,000 |
| Risk-weighted assets | 12,920,943,000 | 12,952,177,000 | 13,391,895,000 | 13,698,909,000 |