Call reports 2003
INDEPENDENT COMMUNITY BANK — 2003
What INDEPENDENT COMMUNITY BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 60,771,000 | 68,875,000 | 72,383,000 | 73,250,000 |
| Total loans | 31,402,000 | 33,207,000 | 36,999,000 | 42,144,000 |
| Allowance for loan losses | 271,000 | 297,000 | 317,000 | 385,000 |
| Securities available for sale | 19,508,000 | 14,231,000 | 19,652,000 | 19,524,000 |
| Securities held to maturity | 0 | 2,000,000 | 2,000,000 | 2,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,381,000 | 58,043,000 | 59,967,000 | 60,367,000 |
| Interest-bearing deposits | 39,397,000 | 45,605,000 | 45,576,000 | 43,708,000 |
| Noninterest-bearing deposits | 9,984,000 | 12,438,000 | 14,391,000 | 16,659,000 |
| Equity capital | 4,436,000 | 5,342,000 | 7,047,000 | 7,393,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 564,000 | 1,221,000 | 1,864,000 | 2,623,000 |
| Interest expense | 196,000 | 421,000 | 636,000 | 879,000 |
| Net interest income | 368,000 | 800,000 | 1,228,000 | 1,744,000 |
| Noninterest income | 30,000 | 53,000 | 77,000 | 98,000 |
| Noninterest expense | 406,000 | 801,000 | 1,200,000 | 1,551,000 |
| Provision for loan losses | 10,000 | 36,000 | 56,000 | 124,000 |
| Pretax income | 10,000 | 53,000 | 86,000 | 204,000 |
| Income tax | -4,000 | 13,000 | 29,000 | 79,000 |
| Net income | 14,000 | 40,000 | 57,000 | 125,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,598,000 | 4,501,000 | 6,247,000 | 6,644,000 |
| Total capital | 3,869,000 | 4,798,000 | 6,564,000 | 7,029,000 |
| Risk-weighted assets | 36,117,000 | 40,159,000 | 43,958,000 | 49,164,000 |