Call reports 2014
INDEPENDENCE BANK — 2014
What INDEPENDENCE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 53,341,000 | 53,062,000 | 41,317,000 | 39,513,000 |
| Total loans | 24,266,000 | 25,673,000 | 26,909,000 | 24,714,000 |
| Allowance for loan losses | 1,745,000 | 1,878,000 | 1,997,000 | 2,101,000 |
| Securities available for sale | 1,187,000 | 1,137,000 | 1,064,000 | 1,010,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,806,000 | 44,474,000 | 32,878,000 | 31,037,000 |
| Interest-bearing deposits | 29,301,000 | 29,512,000 | 26,051,000 | 24,705,000 |
| Noninterest-bearing deposits | 15,505,000 | 14,962,000 | 6,827,000 | 6,332,000 |
| Equity capital | 6,611,000 | 6,802,000 | 6,758,000 | 6,848,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 506,000 | 987,000 | 1,494,000 | 2,028,000 |
| Interest expense | 83,000 | 166,000 | 243,000 | 311,000 |
| Net interest income | 423,000 | 821,000 | 1,251,000 | 1,717,000 |
| Noninterest income | 958,000 | 2,079,000 | 2,819,000 | 3,724,000 |
| Noninterest expense | 1,074,000 | 2,157,000 | 3,276,000 | 4,400,000 |
| Provision for loan losses | 166,000 | 295,000 | 410,000 | 510,000 |
| Pretax income | 141,000 | 448,000 | 384,000 | 531,000 |
| Income tax | 57,000 | 181,000 | 156,000 | 215,000 |
| Net income | 84,000 | 267,000 | 228,000 | 316,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,555,000 | 6,734,000 | 6,695,000 | 6,778,000 |
| Total capital | 6,881,000 | 7,074,000 | 7,022,000 | 7,091,000 |
| Risk-weighted assets | 24,678,000 | 25,659,000 | 24,438,000 | 23,285,000 |
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