Call reports 2007
1ST INDEPENDENCE BANK — 2007
What 1ST INDEPENDENCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 336,208,000 | 339,542,000 | 340,222,000 | 347,197,000 |
| Total loans | 275,639,000 | 268,297,000 | 267,905,000 | 278,462,000 |
| Allowance for loan losses | 2,937,000 | 2,964,000 | 2,966,000 | 7,140,000 |
| Securities available for sale | 15,888,000 | 16,074,000 | 14,513,000 | 15,044,000 |
| Securities held to maturity | 1,809,000 | 1,747,000 | 1,746,000 | 1,745,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 256,371,000 | 268,307,000 | 263,183,000 | 255,690,000 |
| Interest-bearing deposits | 240,132,000 | 251,200,000 | 243,339,000 | 239,114,000 |
| Noninterest-bearing deposits | 16,239,000 | 17,107,000 | 19,844,000 | 16,576,000 |
| Equity capital | 46,534,000 | 46,997,000 | 47,606,000 | 42,589,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 5,520,000 | 11,145,000 | 16,712,000 | 22,143,000 |
| Interest expense | 2,965,000 | 5,995,000 | 9,006,000 | 11,897,000 |
| Net interest income | 2,555,000 | 5,150,000 | 7,706,000 | 10,246,000 |
| Noninterest income | 452,000 | 986,000 | 1,523,000 | 1,990,000 |
| Noninterest expense | 2,420,000 | 4,705,000 | 7,121,000 | 12,355,000 |
| Provision for loan losses | 175,000 | 195,000 | 261,000 | 4,584,000 |
| Pretax income | 412,000 | 1,236,000 | 1,847,000 | -4,702,000 |
| Income tax | 112,000 | 372,000 | 557,000 | -806,000 |
| Net income | 300,000 | 864,000 | 1,290,000 | -3,896,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,314,000 | 35,944,000 | 36,433,000 | 34,154,000 |
| Total capital | 38,251,000 | 38,908,000 | 39,399,000 | 37,586,000 |
| Risk-weighted assets | 259,112,000 | 262,864,000 | 264,000,000 | 270,823,000 |