Call reports 2004
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2004
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 57,595,000 | 70,495,000 | 74,393,000 | 82,875,000 |
| Total loans | 49,385,000 | 53,240,000 | 54,550,000 | 61,042,000 |
| Allowance for loan losses | 728,000 | 796,000 | 816,000 | 912,000 |
| Securities available for sale | 1,849,000 | 6,574,000 | 8,529,000 | 15,438,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,140,000 | 58,197,000 | 61,958,000 | 70,400,000 |
| Interest-bearing deposits | 33,656,000 | 39,888,000 | 42,331,000 | 49,110,000 |
| Noninterest-bearing deposits | 16,484,000 | 18,309,000 | 19,627,000 | 21,290,000 |
| Equity capital | 7,387,000 | 12,199,000 | 12,261,000 | 12,245,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 809,000 | 1,688,000 | 2,664,000 | 3,768,000 |
| Interest expense | 125,000 | 282,000 | 463,000 | 684,000 |
| Net interest income | 684,000 | 1,406,000 | 2,201,000 | 3,084,000 |
| Noninterest income | 173,000 | 314,000 | 472,000 | 609,000 |
| Noninterest expense | 729,000 | 1,580,000 | 2,487,000 | 3,492,000 |
| Provision for loan losses | 105,000 | 141,000 | 178,000 | 300,000 |
| Pretax income | 23,000 | -1,000 | 38,000 | -69,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 23,000 | -1,000 | 38,000 | -69,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,060,000 | 11,881,000 | 12,254,000 | 11,966,000 |
| Total capital | 7,705,000 | 12,625,000 | 12,975,000 | 12,733,000 |
| Risk-weighted assets | 50,691,000 | 59,471,000 | 57,569,000 | 61,202,000 |