Call reports 2011
INDEPENDENCE BANK — 2011
What INDEPENDENCE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 68,137,000 | 68,312,000 | 68,254,000 | 68,718,000 |
| Total loans | 37,606,000 | 31,799,000 | 29,042,000 | 31,193,000 |
| Allowance for loan losses | 607,000 | 794,000 | 876,000 | 1,081,000 |
| Securities available for sale | 3,455,000 | 3,401,000 | 3,289,000 | 2,874,000 |
| Securities held to maturity | 5,000,000 | 4,000,000 | 3,750,000 | 3,750,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,782,000 | 52,902,000 | 52,785,000 | 54,588,000 |
| Interest-bearing deposits | 41,180,000 | 41,516,000 | 41,731,000 | 42,030,000 |
| Noninterest-bearing deposits | 9,602,000 | 11,386,000 | 11,054,000 | 12,558,000 |
| Equity capital | 6,548,000 | 7,092,000 | 7,504,000 | 7,103,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 623,000 | 1,282,000 | 1,886,000 | 2,500,000 |
| Interest expense | 223,000 | 435,000 | 638,000 | 830,000 |
| Net interest income | 400,000 | 847,000 | 1,248,000 | 1,670,000 |
| Noninterest income | 782,000 | 2,529,000 | 3,843,000 | 4,142,000 |
| Noninterest expense | 957,000 | 1,972,000 | 2,962,000 | 3,973,000 |
| Provision for loan losses | 160,000 | 460,000 | 540,000 | 890,000 |
| Pretax income | 65,000 | 944,000 | 1,589,000 | 949,000 |
| Income tax | 27,000 | 378,000 | 636,000 | 381,000 |
| Net income | 38,000 | 566,000 | 953,000 | 568,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,579,000 | 7,080,000 | 7,450,000 | 7,054,000 |
| Total capital | 6,961,000 | 7,446,000 | 7,789,000 | 7,417,000 |
| Risk-weighted assets | 30,366,000 | 28,758,000 | 27,582,000 | 28,492,000 |
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