Call reports 2003
1ST INDEPENDENCE BANK — 2003
What 1ST INDEPENDENCE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 99,674,000 | 105,024,000 | 102,749,000 | 108,479,000 |
| Total loans | 82,911,000 | 93,988,000 | 92,795,000 | 94,241,000 |
| Allowance for loan losses | 742,000 | 801,000 | 910,000 | 996,000 |
| Securities available for sale | 1,819,000 | 2,746,000 | 2,400,000 | 2,278,000 |
| Securities held to maturity | 330,000 | 330,000 | 329,000 | 329,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 82,115,000 | 82,244,000 | 82,339,000 | 80,196,000 |
| Interest-bearing deposits | 65,919,000 | 68,556,000 | 72,908,000 | 72,281,000 |
| Noninterest-bearing deposits | 16,196,000 | 13,688,000 | 9,431,000 | 7,915,000 |
| Equity capital | 11,120,000 | 11,374,000 | 11,666,000 | 11,834,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,282,000 | 2,716,000 | 4,266,000 | 5,803,000 |
| Interest expense | 470,000 | 946,000 | 1,401,000 | 1,826,000 |
| Net interest income | 812,000 | 1,770,000 | 2,865,000 | 3,977,000 |
| Noninterest income | 661,000 | 1,618,000 | 2,741,000 | 3,194,000 |
| Noninterest expense | 1,034,000 | 2,486,000 | 4,071,000 | 5,295,000 |
| Provision for loan losses | 70,000 | 155,000 | 271,000 | 361,000 |
| Pretax income | 369,000 | 747,000 | 1,264,000 | 1,515,000 |
| Income tax | 151,000 | 282,000 | 477,000 | 562,000 |
| Net income | 218,000 | 465,000 | 787,000 | 953,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,089,000 | 10,339,000 | 10,664,000 | 10,832,000 |
| Total capital | 10,831,000 | 11,140,000 | 11,574,000 | 11,828,000 |
| Risk-weighted assets | 71,515,000 | 78,415,000 | 81,077,000 | 86,816,000 |