Call reports 2006
INDEPENDENT BANK — 2006
What INDEPENDENT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 |
|---|---|---|---|
| Total assets | 113,283,000 | 116,328,000 | 115,053,000 |
| Total loans | 74,253,000 | 76,871,000 | 71,859,000 |
| Allowance for loan losses | 532,000 | 576,000 | 604,000 |
| Securities available for sale | 24,406,000 | 24,234,000 | 25,922,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 83,415,000 | 88,105,000 | 87,392,000 |
| Interest-bearing deposits | 69,649,000 | 73,791,000 | 74,898,000 |
| Noninterest-bearing deposits | 13,766,000 | 14,315,000 | 12,494,000 |
| Equity capital | 13,052,000 | 13,088,000 | 13,417,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 |
|---|---|---|---|
| Interest income | 1,424,000 | 2,915,000 | 4,461,000 |
| Interest expense | 563,000 | 1,193,000 | 1,869,000 |
| Net interest income | 861,000 | 1,722,000 | 2,592,000 |
| Noninterest income | 175,000 | 384,000 | 579,000 |
| Noninterest expense | 894,000 | 1,782,000 | 2,601,000 |
| Provision for loan losses | 30,000 | 60,000 | 80,000 |
| Pretax income | 112,000 | 264,000 | 490,000 |
| Income tax | 4,000 | 23,000 | 72,000 |
| Net income | 108,000 | 241,000 | 418,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 |
|---|---|---|---|
| Tier 1 capital | 13,031,000 | 13,011,000 | 13,342,000 |
| Total capital | 13,563,000 | 13,587,000 | 13,946,000 |
| Risk-weighted assets | 78,352,000 | 81,517,000 | 76,490,000 |