Call reports 2022
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2022
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 17,958,832,000 | 18,101,986,000 | 17,939,139,000 | 18,252,788,000 |
| Total loans | 12,551,056,000 | 13,544,647,000 | 13,716,774,000 | 13,920,673,000 |
| Allowance for loan losses | 146,313,000 | 144,170,000 | 146,395,000 | 148,787,000 |
| Securities available for sale | 1,938,726,000 | 1,846,132,000 | 1,730,163,000 | 1,691,784,000 |
| Securities held to maturity | 188,047,000 | 207,972,000 | 207,516,000 | 207,059,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,856,458,000 | 15,069,257,000 | 14,967,960,000 | 15,127,420,000 |
| Interest-bearing deposits | 9,846,543,000 | 9,940,627,000 | 9,854,007,000 | 10,384,587,000 |
| Noninterest-bearing deposits | 5,009,915,000 | 5,128,630,000 | 5,113,953,000 | 4,742,833,000 |
| Equity capital | 2,836,904,000 | 2,748,674,000 | 2,665,685,000 | 2,700,494,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 140,865,000 | 291,561,000 | 465,248,000 | 655,017,000 |
| Interest expense | 5,789,000 | 14,063,000 | 36,093,000 | 79,646,000 |
| Net interest income | 135,076,000 | 277,498,000 | 429,155,000 | 575,371,000 |
| Noninterest income | 12,872,000 | 26,979,000 | 40,704,000 | 52,920,000 |
| Noninterest expense | 79,078,000 | 161,380,000 | 248,896,000 | 341,973,000 |
| Provision for loan losses | -2,200,000 | -1,452,000 | 2,068,000 | 5,268,000 |
| Pretax income | 70,313,000 | 144,540,000 | 219,230,000 | 281,752,000 |
| Income tax | 14,254,000 | 29,647,000 | 45,364,000 | 58,458,000 |
| Net income | 56,059,000 | 114,893,000 | 173,866,000 | 223,294,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,894,364,000 | 1,891,815,000 | 1,861,970,000 | 1,896,702,000 |
| Total capital | 2,008,433,000 | 2,004,604,000 | 1,977,152,000 | 2,013,874,000 |
| Risk-weighted assets | 14,236,881,000 | 15,355,969,000 | 15,504,639,000 | 15,668,913,000 |