Call reports 2002
INDEPENDENT BANK — 2002
What INDEPENDENT BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 96,968,000 | 97,644,000 | 102,383,000 | 104,796,000 |
| Total loans | 56,199,000 | 57,486,000 | 61,882,000 | 60,330,000 |
| Allowance for loan losses | 503,000 | 512,000 | 502,000 | 466,000 |
| Securities available for sale | 20,782,000 | 26,357,000 | 26,841,000 | 26,908,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,655,000 | 78,689,000 | 82,983,000 | 85,409,000 |
| Interest-bearing deposits | 68,138,000 | 67,663,000 | 71,684,000 | 73,469,000 |
| Noninterest-bearing deposits | 10,517,000 | 11,026,000 | 11,299,000 | 11,939,000 |
| Equity capital | 11,683,000 | 12,279,000 | 12,469,000 | 12,419,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,442,000 | 2,745,000 | 4,217,000 | 5,469,000 |
| Interest expense | 596,000 | 1,096,000 | 1,577,000 | 2,030,000 |
| Net interest income | 846,000 | 1,649,000 | 2,640,000 | 3,439,000 |
| Noninterest income | 168,000 | 342,000 | 511,000 | 939,000 |
| Noninterest expense | 742,000 | 1,433,000 | 2,179,000 | 2,879,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 263,000 | 540,000 | 988,000 | 1,506,000 |
| Income tax | 58,000 | 111,000 | 227,000 | 381,000 |
| Net income | 205,000 | 429,000 | 761,000 | 1,125,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,782,000 | 12,006,000 | 11,838,000 | 11,852,000 |
| Total capital | 12,285,000 | 12,518,000 | 12,340,000 | 12,316,000 |
| Risk-weighted assets | 44,605,000 | 49,480,000 | 64,237,000 | 64,049,000 |