Call reports 2008
1ST INDEPENDENCE BANK — 2008
What 1ST INDEPENDENCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 335,776,000 | 325,936,000 | 297,665,000 |
| Total loans | 274,581,000 | 264,898,000 | 243,262,000 |
| Allowance for loan losses | 6,579,000 | 8,254,000 | 8,036,000 |
| Securities available for sale | 14,690,000 | 15,166,000 | 15,032,000 |
| Securities held to maturity | 1,703,000 | 1,643,000 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 279,516,000 | 234,043,000 | 210,682,000 |
| Interest-bearing deposits | 260,470,000 | 216,221,000 | 191,681,000 |
| Noninterest-bearing deposits | 19,046,000 | 17,822,000 | 19,001,000 |
| Equity capital | 43,235,000 | 40,970,000 | 40,135,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Interest income | 4,734,000 | 9,053,000 | 1,399,000 |
| Interest expense | 2,424,000 | 4,385,000 | 599,000 |
| Net interest income | 2,310,000 | 4,668,000 | 800,000 |
| Noninterest income | 738,000 | 1,245,000 | 147,000 |
| Noninterest expense | 2,495,000 | 5,083,000 | 647,000 |
| Provision for loan losses | 0 | 2,354,000 | 0 |
| Pretax income | 553,000 | -1,524,000 | 300,000 |
| Income tax | 93,000 | -691,000 | 94,000 |
| Net income | 460,000 | -833,000 | 206,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 34,667,000 | 32,640,000 | 31,714,000 |
| Total capital | 38,082,000 | 35,945,000 | 34,799,000 |
| Risk-weighted assets | 270,041,000 | 259,425,000 | 241,857,000 |