Call reports 2008
INDEPENDENCE BANK — 2008
What INDEPENDENCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 52,946,000 | 51,738,000 | 66,497,000 | 60,874,000 |
| Total loans | 35,541,000 | 37,767,000 | 40,853,000 | 43,556,000 |
| Allowance for loan losses | 885,000 | 780,000 | 705,000 | 541,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,715,000 | 38,025,000 | 44,371,000 | 39,744,000 |
| Interest-bearing deposits | 32,505,000 | 33,019,000 | 38,383,000 | 34,307,000 |
| Noninterest-bearing deposits | 6,210,000 | 5,006,000 | 5,988,000 | 5,437,000 |
| Equity capital | 5,465,000 | 5,475,000 | 5,387,000 | 5,306,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 840,000 | 1,811,000 | 2,612,000 | 3,425,000 |
| Interest expense | 358,000 | 690,000 | 1,075,000 | 1,507,000 |
| Net interest income | 482,000 | 1,121,000 | 1,537,000 | 1,918,000 |
| Noninterest income | 134,000 | 342,000 | 675,000 | 935,000 |
| Noninterest expense | 933,000 | 1,786,000 | 2,686,000 | 3,575,000 |
| Provision for loan losses | -80,000 | -94,000 | -126,000 | -256,000 |
| Pretax income | -242,000 | -234,000 | -353,000 | -471,000 |
| Income tax | -90,000 | -92,000 | -123,000 | -161,000 |
| Net income | -152,000 | -142,000 | -230,000 | -310,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,439,000 | 5,452,000 | 5,367,000 | 5,288,000 |
| Total capital | 5,834,000 | 5,843,000 | 5,814,000 | 5,733,000 |
| Risk-weighted assets | 31,134,000 | 30,885,000 | 35,530,000 | 35,526,000 |
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