Call reports 2009
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2009
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 146,859,000 | 147,357,000 | 151,664,000 | 149,708,000 |
| Total loans | 89,274,000 | 96,039,000 | 95,237,000 | 97,468,000 |
| Allowance for loan losses | 1,140,000 | 1,190,000 | 1,240,000 | 1,200,000 |
| Securities available for sale | 33,897,000 | 31,479,000 | 12,181,000 | 21,300,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,595,000 | 132,387,000 | 136,450,000 | 135,049,000 |
| Interest-bearing deposits | 109,132,000 | 109,955,000 | 113,967,000 | 113,605,000 |
| Noninterest-bearing deposits | 22,463,000 | 22,432,000 | 22,483,000 | 21,444,000 |
| Equity capital | 15,030,000 | 14,696,000 | 14,963,000 | 14,495,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,801,000 | 3,493,000 | 5,337,000 | 7,088,000 |
| Interest expense | 655,000 | 1,257,000 | 1,809,000 | 2,317,000 |
| Net interest income | 1,146,000 | 2,236,000 | 3,528,000 | 4,771,000 |
| Noninterest income | 81,000 | 310,000 | 385,000 | 436,000 |
| Noninterest expense | 1,181,000 | 2,496,000 | 3,801,000 | 5,188,000 |
| Provision for loan losses | 465,000 | 889,000 | 989,000 | 1,392,000 |
| Pretax income | 414,000 | 263,000 | 490,000 | 33,000 |
| Income tax | 10,000 | 18,000 | 21,000 | 24,000 |
| Net income | 272,000 | 84,000 | 291,000 | -69,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,874,000 | 14,713,000 | 14,948,000 | 14,619,000 |
| Total capital | 16,014,000 | 15,903,000 | 16,030,000 | 15,764,000 |
| Risk-weighted assets | 123,311,000 | 110,603,000 | 86,430,000 | 91,523,000 |