Call reports 2021
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2021
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 18,110,591,000 | 18,442,206,000 | 18,913,063,000 | 18,728,746,000 |
| Total loans | 12,827,996,000 | 12,513,780,000 | 12,472,425,000 | 12,471,570,000 |
| Allowance for loan losses | 165,695,000 | 154,659,000 | 150,149,000 | 148,706,000 |
| Securities available for sale | 1,307,957,000 | 1,574,435,000 | 1,781,574,000 | 2,006,727,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,811,713,000 | 15,072,542,000 | 15,529,307,000 | 15,565,323,000 |
| Interest-bearing deposits | 10,337,482,000 | 10,429,261,000 | 10,610,602,000 | 10,487,320,000 |
| Noninterest-bearing deposits | 4,474,231,000 | 4,643,281,000 | 4,918,705,000 | 5,078,003,000 |
| Equity capital | 2,844,037,000 | 2,895,710,000 | 2,894,213,000 | 2,903,617,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 147,764,000 | 293,562,000 | 437,587,000 | 583,540,000 |
| Interest expense | 13,540,000 | 25,564,000 | 36,874,000 | 46,237,000 |
| Net interest income | 134,224,000 | 267,998,000 | 400,713,000 | 537,303,000 |
| Noninterest income | 18,562,000 | 34,476,000 | 51,375,000 | 66,435,000 |
| Noninterest expense | 71,104,000 | 146,223,000 | 223,731,000 | 300,466,000 |
| Provision for loan losses | -2,500,000 | -9,620,000 | -14,031,000 | -12,477,000 |
| Pretax income | 84,182,000 | 165,251,000 | 237,357,000 | 312,153,000 |
| Income tax | 17,780,000 | 34,886,000 | 49,475,000 | 64,614,000 |
| Net income | 66,402,000 | 130,365,000 | 187,882,000 | 247,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,802,748,000 | 1,854,558,000 | 1,856,687,000 | 1,885,739,000 |
| Total capital | 1,904,255,000 | 1,949,342,000 | 1,953,355,000 | 1,983,530,000 |
| Risk-weighted assets | 13,268,185,000 | 13,471,870,000 | 13,813,156,000 | 14,009,871,000 |