Call reports 2010
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2010
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 148,404,000 | 174,525,000 | 175,814,000 | 167,069,000 |
| Total loans | 104,656,000 | 115,288,000 | 109,261,000 | 110,224,000 |
| Allowance for loan losses | 1,103,000 | 1,191,000 | 1,281,000 | 1,233,000 |
| Securities available for sale | 19,991,000 | 10,826,000 | 25,453,000 | 23,409,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 133,169,000 | 159,045,000 | 159,764,000 | 146,751,000 |
| Interest-bearing deposits | 111,931,000 | 135,905,000 | 137,153,000 | 125,712,000 |
| Noninterest-bearing deposits | 21,238,000 | 23,140,000 | 22,611,000 | 21,039,000 |
| Equity capital | 14,893,000 | 15,214,000 | 15,383,000 | 20,044,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,748,000 | 3,625,000 | 5,515,000 | 7,480,000 |
| Interest expense | 441,000 | 896,000 | 1,392,000 | 1,832,000 |
| Net interest income | 1,307,000 | 2,729,000 | 4,123,000 | 5,648,000 |
| Noninterest income | 62,000 | 281,000 | 451,000 | 858,000 |
| Noninterest expense | 1,348,000 | 2,704,000 | 4,134,000 | 5,558,000 |
| Provision for loan losses | 110,000 | 250,000 | 340,000 | 570,000 |
| Pretax income | -55,000 | 138,000 | 274,000 | 605,000 |
| Income tax | 0 | 0 | 0 | 87,000 |
| Net income | 15,000 | 178,000 | 284,000 | 573,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,013,000 | 15,204,000 | 15,336,000 | 20,126,000 |
| Total capital | 16,116,000 | 16,395,000 | 16,617,000 | 21,359,000 |
| Risk-weighted assets | 93,096,000 | 107,047,000 | 125,507,000 | 125,239,000 |