Call reports 2001
INDEPENDENT FINANCIAL NETWORK BANK — 2001
What INDEPENDENT FINANCIAL NETWORK BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 |
|---|---|---|---|
| Total assets | 198,418,000 | 212,913,000 | 219,806,000 |
| Total loans | 120,773,000 | 139,077,000 | 138,294,000 |
| Allowance for loan losses | 1,458,000 | 1,446,000 | 1,505,000 |
| Securities available for sale | 52,735,000 | 45,840,000 | 47,764,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 159,176,000 | 170,856,000 | 176,371,000 |
| Interest-bearing deposits | 127,822,000 | 135,111,000 | 140,725,000 |
| Noninterest-bearing deposits | 31,354,000 | 35,745,000 | 35,646,000 |
| Equity capital | 16,647,000 | 16,796,000 | 17,254,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 |
|---|---|---|---|
| Interest income | 3,615,000 | 7,422,000 | 11,337,000 |
| Interest expense | 1,620,000 | 3,266,000 | 4,901,000 |
| Net interest income | 1,995,000 | 4,156,000 | 6,436,000 |
| Noninterest income | 995,000 | 2,516,000 | 3,962,000 |
| Noninterest expense | 2,270,000 | 4,960,000 | 7,579,000 |
| Provision for loan losses | 0 | 0 | 85,000 |
| Pretax income | 877,000 | 1,889,000 | 2,911,000 |
| Income tax | 282,000 | 572,000 | 903,000 |
| Net income | 595,000 | 1,317,000 | 2,008,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 |
|---|---|---|---|
| Tier 1 capital | 15,985,000 | 15,806,000 | 15,926,000 |
| Total capital | 17,443,000 | 17,252,000 | 17,431,000 |
| Risk-weighted assets | 146,650,000 | 158,286,000 | 160,777,000 |