Call reports 2004
INDEPENDENCE BANK — 2004
What INDEPENDENCE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 38,386,000 | 42,132,000 | 49,020,000 | 51,927,000 |
| Total loans | 23,109,000 | 25,902,000 | 27,309,000 | 28,150,000 |
| Allowance for loan losses | 680,000 | 839,000 | 804,000 | 894,000 |
| Securities available for sale | 0 | 1,855,000 | 7,801,000 | 7,642,000 |
| Securities held to maturity | 4,898,000 | 4,735,000 | 4,523,000 | 4,332,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,814,000 | 34,586,000 | 39,608,000 | 42,495,000 |
| Interest-bearing deposits | 28,805,000 | 32,198,000 | 36,806,000 | 38,735,000 |
| Noninterest-bearing deposits | 2,009,000 | 2,388,000 | 2,802,000 | 3,760,000 |
| Equity capital | 5,375,000 | 5,374,000 | 5,365,000 | 5,509,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 448,000 | 977,000 | 1,599,000 | 2,326,000 |
| Interest expense | 158,000 | 335,000 | 549,000 | 793,000 |
| Net interest income | 290,000 | 642,000 | 1,050,000 | 1,533,000 |
| Noninterest income | 733,000 | 1,508,000 | 2,036,000 | 2,939,000 |
| Noninterest expense | 854,000 | 1,716,000 | 2,701,000 | 3,658,000 |
| Provision for loan losses | 31,000 | 190,000 | 198,000 | 380,000 |
| Pretax income | 138,000 | 244,000 | 187,000 | 434,000 |
| Income tax | 8,000 | 105,000 | 88,000 | 176,000 |
| Net income | 130,000 | 139,000 | 99,000 | 258,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,333,000 | 5,338,000 | 5,297,000 | 5,451,000 |
| Total capital | 5,648,000 | 5,680,000 | 5,675,000 | 5,823,000 |
| Risk-weighted assets | 24,876,000 | 26,832,000 | 29,798,000 | 29,273,000 |
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