Call reports 2002
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2002
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|
| Total assets | 17,464,000 | 21,062,000 | 28,844,000 |
| Total loans | 2,538,000 | 11,193,000 | 21,023,000 |
| Allowance for loan losses | 38,000 | 168,000 | 307,000 |
| Securities available for sale | 2,036,000 | 2,915,000 | 2,795,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 7,686,000 | 11,648,000 | 19,651,000 |
| Interest-bearing deposits | 2,357,000 | 7,328,000 | 14,679,000 |
| Noninterest-bearing deposits | 5,329,000 | 4,320,000 | 4,972,000 |
| Equity capital | 9,778,000 | 9,226,000 | 9,020,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|
| Interest income | 71,000 | 254,000 | 562,000 |
| Interest expense | 8,000 | 37,000 | 98,000 |
| Net interest income | 63,000 | 217,000 | 464,000 |
| Noninterest income | 0 | 28,000 | 63,000 |
| Noninterest expense | 436,000 | 1,045,000 | 1,726,000 |
| Provision for loan losses | 38,000 | 168,000 | 307,000 |
| Pretax income | -411,000 | -968,000 | -1,506,000 |
| Income tax | 0 | 0 | -324,000 |
| Net income | -411,000 | -968,000 | -1,182,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|
| Tier 1 capital | 9,771,000 | 9,214,000 | 8,676,000 |
| Total capital | 9,809,000 | 9,372,000 | 8,953,000 |
| Risk-weighted assets | 4,777,000 | 12,646,000 | 22,168,000 |