Call reports 2003
INDEPENDENCE BANK — 2003
What 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 | 14,558,000 | 26,042,000 | 29,629,000 | 33,463,000 |
| Total loans | 10,657,000 | 12,345,000 | 12,307,000 | 22,399,000 |
| Allowance for loan losses | 420,000 | 428,000 | 318,000 | 714,000 |
| Securities available for sale | 103,000 | 100,000 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 3,095,000 | 4,988,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 688,000 | 19,872,000 | 23,463,000 | 27,504,000 |
| Interest-bearing deposits | 0 | 17,211,000 | 22,021,000 | 25,269,000 |
| Noninterest-bearing deposits | 688,000 | 2,661,000 | 1,442,000 | 2,235,000 |
| Equity capital | 5,500,000 | 5,310,000 | 5,347,000 | 5,244,000 |
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 | 209,000 | 459,000 | 863,000 | 1,280,000 |
| Interest expense | 63,000 | 143,000 | 258,000 | 394,000 |
| Net interest income | 146,000 | 316,000 | 605,000 | 886,000 |
| Noninterest income | 278,000 | 875,000 | 1,344,000 | 1,973,000 |
| Noninterest expense | 671,000 | 1,669,000 | 2,536,000 | 3,188,000 |
| Provision for loan losses | 32,000 | 102,000 | -79,000 | 351,000 |
| Pretax income | -279,000 | -580,000 | -508,000 | -680,000 |
| Income tax | -106,000 | -217,000 | -182,000 | -252,000 |
| Net income | -173,000 | -363,000 | -326,000 | -428,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,461,000 | 5,269,000 | 5,308,000 | 5,208,000 |
| Total capital | 6,183,000 | 5,883,000 | 5,916,000 | 5,481,000 |
| Risk-weighted assets | 11,939,000 | 15,267,000 | 15,724,000 | 21,399,000 |
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