Call reports 2011
INDEPENDENCE BANK, NATIONAL ASSOCIATION — 2011
What INDEPENDENCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 171,145,000 | 171,135,000 | 188,094,000 | 209,892,000 |
| Total loans | 101,350,000 | 115,310,000 | 126,261,000 | 145,047,000 |
| Allowance for loan losses | 1,224,000 | 1,292,000 | 1,435,000 | 1,665,000 |
| Securities available for sale | 20,739,000 | 22,415,000 | 25,333,000 | 31,086,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 150,425,000 | 150,069,000 | 166,537,000 | 187,889,000 |
| Interest-bearing deposits | 127,151,000 | 122,416,000 | 141,828,000 | 164,790,000 |
| Noninterest-bearing deposits | 23,274,000 | 27,653,000 | 24,709,000 | 23,099,000 |
| Equity capital | 20,087,000 | 20,400,000 | 20,857,000 | 21,047,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,875,000 | 3,825,000 | 5,841,000 | 8,074,000 |
| Interest expense | 408,000 | 810,000 | 1,208,000 | 1,676,000 |
| Net interest income | 1,467,000 | 3,015,000 | 4,633,000 | 6,398,000 |
| Noninterest income | 599,000 | 884,000 | 1,232,000 | 1,406,000 |
| Noninterest expense | 1,539,000 | 3,033,000 | 4,519,000 | 6,056,000 |
| Provision for loan losses | 61,000 | 99,000 | 242,000 | 530,000 |
| Pretax income | 468,000 | 765,000 | 1,156,000 | 1,345,000 |
| Income tax | 169,000 | 240,000 | 362,000 | 622,000 |
| Net income | 244,000 | 470,000 | 739,000 | 839,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,471,000 | 20,530,000 | 20,833,000 | 21,000,000 |
| Total capital | 21,695,000 | 21,822,000 | 22,268,000 | 22,665,000 |
| Risk-weighted assets | 117,266,000 | 128,658,000 | 137,424,000 | 144,616,000 |