Call reports 2008
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2008
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 131,523,000 | 129,801,000 | 128,507,000 | 137,876,000 |
| Total loans | 80,635,000 | 88,393,000 | 89,565,000 | 93,627,000 |
| Allowance for loan losses | 960,000 | 972,000 | 989,000 | 1,285,000 |
| Securities available for sale | 27,065,000 | 23,380,000 | 26,993,000 | 32,334,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 116,683,000 | 115,180,000 | 113,809,000 | 122,892,000 |
| Interest-bearing deposits | 90,015,000 | 93,448,000 | 91,742,000 | 101,570,000 |
| Noninterest-bearing deposits | 26,668,000 | 21,732,000 | 22,067,000 | 21,322,000 |
| Equity capital | 14,644,000 | 14,379,000 | 14,429,000 | 14,809,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,179,000 | 4,135,000 | 6,041,000 | 7,937,000 |
| Interest expense | 879,000 | 1,653,000 | 2,411,000 | 3,089,000 |
| Net interest income | 1,300,000 | 2,482,000 | 3,630,000 | 4,848,000 |
| Noninterest income | 57,000 | 171,000 | 243,000 | 559,000 |
| Noninterest expense | 1,143,000 | 2,334,000 | 3,528,000 | 4,777,000 |
| Provision for loan losses | 40,000 | 55,000 | 75,000 | 396,000 |
| Pretax income | 283,000 | 402,000 | 432,000 | 234,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 187,000 | 269,000 | 295,000 | 167,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,488,000 | 14,570,000 | 14,596,000 | 14,576,000 |
| Total capital | 15,448,000 | 15,542,000 | 15,585,000 | 15,861,000 |
| Risk-weighted assets | 91,866,000 | 96,964,000 | 103,745,000 | 116,070,000 |