Call reports 2013
INDEPENDENCE BANK — 2013
What INDEPENDENCE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 63,391,000 | 63,685,000 | 57,189,000 | 49,341,000 |
| Total loans | 28,045,000 | 29,158,000 | 26,748,000 | 26,298,000 |
| Allowance for loan losses | 1,437,000 | 1,608,000 | 1,321,000 | 1,578,000 |
| Securities available for sale | 1,657,000 | 1,447,000 | 1,336,000 | 1,263,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,648,000 | 53,575,000 | 47,578,000 | 40,658,000 |
| Interest-bearing deposits | 36,382,000 | 35,007,000 | 31,640,000 | 30,111,000 |
| Noninterest-bearing deposits | 16,266,000 | 18,568,000 | 15,938,000 | 10,547,000 |
| Equity capital | 7,458,000 | 7,509,000 | 7,568,000 | 6,557,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 482,000 | 993,000 | 1,520,000 | 2,033,000 |
| Interest expense | 117,000 | 227,000 | 330,000 | 425,000 |
| Net interest income | 365,000 | 766,000 | 1,190,000 | 1,608,000 |
| Noninterest income | 1,181,000 | 2,162,000 | 3,024,000 | 4,190,000 |
| Noninterest expense | 1,055,000 | 2,087,000 | 3,146,000 | 4,225,000 |
| Provision for loan losses | 111,000 | 322,000 | 439,000 | 683,000 |
| Pretax income | 380,000 | 519,000 | 629,000 | 890,000 |
| Income tax | 153,000 | 210,000 | 255,000 | 364,000 |
| Net income | 227,000 | 309,000 | 374,000 | 526,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,395,000 | 7,461,000 | 7,514,000 | 6,501,000 |
| Total capital | 7,778,000 | 7,835,000 | 7,857,000 | 6,832,000 |
| Risk-weighted assets | 29,552,000 | 28,708,000 | 26,476,000 | 25,264,000 |
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