Call reports 2003
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2003
What INDEPENDENCE BANK, NATIONAL ASSOCIATION 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 | 34,502,000 | 34,280,000 | 45,779,000 | 54,060,000 |
| Total loans | 23,780,000 | 26,761,000 | 35,594,000 | 45,168,000 |
| Allowance for loan losses | 362,000 | 406,000 | 534,000 | 672,000 |
| Securities available for sale | 1,975,000 | 1,065,000 | 2,285,000 | 2,043,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,766,000 | 26,046,000 | 38,014,000 | 46,632,000 |
| Interest-bearing deposits | 19,972,000 | 18,915,000 | 27,639,000 | 30,229,000 |
| Noninterest-bearing deposits | 5,794,000 | 7,131,000 | 10,375,000 | 16,403,000 |
| Equity capital | 8,533,000 | 8,013,000 | 7,523,000 | 7,360,000 |
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 | 398,000 | 830,000 | 1,374,000 | 2,079,000 |
| Interest expense | 89,000 | 188,000 | 298,000 | 413,000 |
| Net interest income | 309,000 | 642,000 | 1,076,000 | 1,666,000 |
| Noninterest income | 35,000 | 89,000 | 175,000 | 281,000 |
| Noninterest expense | 764,000 | 1,589,000 | 2,464,000 | 3,188,000 |
| Provision for loan losses | 55,000 | 129,000 | 261,000 | 399,000 |
| Pretax income | -475,000 | -987,000 | -1,475,000 | -1,641,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -475,000 | -987,000 | -1,475,000 | -1,641,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,201,000 | 7,688,000 | 7,199,000 | 7,035,000 |
| Total capital | 8,523,000 | 8,046,000 | 7,675,000 | 7,625,000 |
| Risk-weighted assets | 25,753,000 | 28,659,000 | 38,060,000 | 47,124,000 |