Call reports 2007
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2007
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 125,889,000 | 129,574,000 | 131,413,000 | 138,157,000 |
| Total loans | 66,953,000 | 68,774,000 | 73,287,000 | 78,856,000 |
| Allowance for loan losses | 896,000 | 898,000 | 852,000 | 920,000 |
| Securities available for sale | 24,881,000 | 30,443,000 | 32,504,000 | 35,707,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,164,000 | 115,728,000 | 116,928,000 | 123,669,000 |
| Interest-bearing deposits | 90,078,000 | 93,722,000 | 96,969,000 | 103,504,000 |
| Noninterest-bearing deposits | 22,086,000 | 22,006,000 | 19,959,000 | 20,165,000 |
| Equity capital | 13,539,000 | 13,642,000 | 14,109,000 | 14,297,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,165,000 | 4,424,000 | 6,848,000 | 9,169,000 |
| Interest expense | 1,040,000 | 2,110,000 | 3,253,000 | 4,369,000 |
| Net interest income | 1,125,000 | 2,314,000 | 3,595,000 | 4,800,000 |
| Noninterest income | 85,000 | 306,000 | 208,000 | 254,000 |
| Noninterest expense | 1,135,000 | 2,305,000 | 3,551,000 | 4,596,000 |
| Provision for loan losses | 0 | 0 | 0 | 66,000 |
| Pretax income | 77,000 | 317,000 | 260,000 | 400,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 77,000 | 317,000 | 560,000 | 719,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,659,000 | 13,899,000 | 14,142,000 | 14,301,000 |
| Total capital | 14,555,000 | 14,797,000 | 14,994,000 | 15,221,000 |
| Risk-weighted assets | 77,208,000 | 79,863,000 | 81,851,000 | 91,186,000 |