Call reports 2023
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2023
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 18,793,142,000 | 18,714,130,000 | 18,513,997,000 | 19,029,731,000 |
| Total loans | 14,023,162,000 | 14,137,739,000 | 14,241,472,000 | 14,726,962,000 |
| Allowance for loan losses | 146,850,000 | 147,804,000 | 148,249,000 | 151,861,000 |
| Securities available for sale | 1,675,415,000 | 1,637,682,000 | 1,545,904,000 | 1,593,751,000 |
| Securities held to maturity | 206,602,000 | 206,146,000 | 205,689,000 | 205,232,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,060,055,000 | 14,881,399,000 | 15,345,598,000 | 15,729,580,000 |
| Interest-bearing deposits | 9,907,327,000 | 10,968,014,000 | 11,637,185,000 | 12,192,331,000 |
| Noninterest-bearing deposits | 4,152,728,000 | 3,913,385,000 | 3,708,413,000 | 3,537,249,000 |
| Equity capital | 2,733,130,000 | 2,705,661,000 | 2,650,367,000 | 2,722,515,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 201,176,000 | 416,470,000 | 639,214,000 | 871,736,000 |
| Interest expense | 68,085,000 | 164,254,000 | 272,908,000 | 394,194,000 |
| Net interest income | 133,091,000 | 252,216,000 | 366,306,000 | 477,542,000 |
| Noninterest income | 13,562,000 | 28,646,000 | 43,590,000 | 55,482,000 |
| Noninterest expense | 186,474,000 | 269,402,000 | 350,659,000 | 444,091,000 |
| Provision for loan losses | -721,000 | -653,000 | 229,000 | 4,177,000 |
| Pretax income | -39,911,000 | 11,150,000 | 58,587,000 | 84,803,000 |
| Income tax | -9,493,000 | 1,218,000 | 10,738,000 | 15,828,000 |
| Net income | -30,418,000 | 9,932,000 | 47,849,000 | 68,975,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,898,604,000 | 1,891,647,000 | 1,877,321,000 | 1,882,585,000 |
| Total capital | 2,032,009,000 | 2,026,223,000 | 2,011,879,000 | 2,020,376,000 |
| Risk-weighted assets | 15,630,111,000 | 15,734,754,000 | 15,803,243,000 | 16,296,592,000 |