Call reports 2024
INDEPENDENT BANK DBA INDEPENDENT FINANCIAL — 2024
What INDEPENDENT BANK DBA INDEPENDENT FINANCIAL reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 18,866,990,000 | 18,354,859,000 | 18,576,369,000 | 17,535,258,000 |
| Total loans | 14,635,192,000 | 14,633,835,000 | 14,301,735,000 | 13,598,398,000 |
| Allowance for loan losses | 148,437,000 | 145,323,000 | 150,285,000 | 133,040,000 |
| Securities available for sale | 1,543,247,000 | 1,494,470,000 | 1,510,572,000 | 1,428,215,000 |
| Securities held to maturity | 204,776,000 | 204,319,000 | 203,863,000 | 203,405,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,676,900,000 | 15,846,465,000 | 16,020,982,000 | 15,244,551,000 |
| Interest-bearing deposits | 12,370,942,000 | 12,464,183,000 | 12,547,884,000 | 11,966,362,000 |
| Noninterest-bearing deposits | 3,305,958,000 | 3,382,282,000 | 3,473,098,000 | 3,278,189,000 |
| Equity capital | 2,718,754,000 | 2,221,549,000 | 2,274,239,000 | 2,203,856,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 235,205,000 | 474,290,000 | 716,006,000 | 943,843,000 |
| Interest expense | 127,269,000 | 256,310,000 | 385,292,000 | 499,446,000 |
| Net interest income | 107,936,000 | 217,980,000 | 330,714,000 | 444,397,000 |
| Noninterest income | 13,155,000 | 27,122,000 | 40,842,000 | 57,414,000 |
| Noninterest expense | 84,885,000 | 686,357,000 | 772,896,000 | 862,765,000 |
| Provision for loan losses | -3,384,000 | -2,840,000 | 2,013,000 | 4,100,000 |
| Pretax income | 39,406,000 | -438,055,000 | -402,840,000 | -364,074,000 |
| Income tax | 8,082,000 | 15,128,000 | 22,455,000 | 32,282,000 |
| Net income | 31,324,000 | -453,183,000 | -425,295,000 | -396,356,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,878,820,000 | 1,895,342,000 | 1,906,441,000 | 1,875,699,000 |
| Total capital | 2,030,741,000 | 2,043,629,000 | 2,059,623,000 | 2,011,213,000 |
| Risk-weighted assets | 16,253,115,000 | 16,180,647,000 | 15,779,254,000 | 14,961,813,000 |