Call reports 2007
INDEPENDENCE BANK — 2007
What INDEPENDENCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 52,850,000 | 53,824,000 | 50,560,000 | 51,974,000 |
| Total loans | 33,038,000 | 35,347,000 | 31,988,000 | 33,093,000 |
| Allowance for loan losses | 568,000 | 617,000 | 841,000 | 1,021,000 |
| Securities available for sale | 3,261,000 | 3,205,000 | 1,174,000 | 1,150,000 |
| Securities held to maturity | 2,951,000 | 2,820,000 | 2,687,000 | 2,608,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,726,000 | 44,008,000 | 40,976,000 | 39,917,000 |
| Interest-bearing deposits | 35,925,000 | 36,756,000 | 33,823,000 | 33,862,000 |
| Noninterest-bearing deposits | 6,801,000 | 7,251,000 | 7,154,000 | 6,054,000 |
| Equity capital | 5,660,000 | 5,682,000 | 5,722,000 | 5,607,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 957,000 | 2,059,000 | 2,994,000 | 3,866,000 |
| Interest expense | 364,000 | 774,000 | 1,167,000 | 1,539,000 |
| Net interest income | 593,000 | 1,285,000 | 1,827,000 | 2,327,000 |
| Noninterest income | 415,000 | 779,000 | 1,581,000 | 2,032,000 |
| Noninterest expense | 815,000 | 1,692,000 | 2,594,000 | 3,463,000 |
| Provision for loan losses | 11,000 | 130,000 | 517,000 | 812,000 |
| Pretax income | 182,000 | 242,000 | 315,000 | 102,000 |
| Income tax | 132,000 | 156,000 | 185,000 | 100,000 |
| Net income | 50,000 | 86,000 | 130,000 | 2,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,652,000 | 5,684,000 | 5,707,000 | 5,585,000 |
| Total capital | 6,052,000 | 6,093,000 | 6,083,000 | 5,969,000 |
| Risk-weighted assets | 31,847,000 | 32,544,000 | 29,649,000 | 30,074,000 |
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