Call reports 2015
INDEPENDENCE BANK — 2015
What INDEPENDENCE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 38,760,000 | 38,660,000 | 37,643,000 | 38,161,000 |
| Total loans | 25,765,000 | 27,445,000 | 27,595,000 | 29,033,000 |
| Allowance for loan losses | 1,937,000 | 1,957,000 | 2,221,000 | 2,373,000 |
| Securities available for sale | 931,000 | 863,000 | 786,000 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,126,000 | 29,912,000 | 28,753,000 | 29,297,000 |
| Interest-bearing deposits | 22,929,000 | 23,184,000 | 22,696,000 | 23,740,000 |
| Noninterest-bearing deposits | 7,197,000 | 6,728,000 | 6,057,000 | 5,557,000 |
| Equity capital | 7,024,000 | 7,180,000 | 7,485,000 | 7,477,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 499,000 | 1,005,000 | 1,536,000 | 2,115,000 |
| Interest expense | 61,000 | 117,000 | 165,000 | 208,000 |
| Net interest income | 438,000 | 888,000 | 1,371,000 | 1,907,000 |
| Noninterest income | 955,000 | 1,944,000 | 3,296,000 | 4,489,000 |
| Noninterest expense | 978,000 | 1,974,000 | 2,964,000 | 4,171,000 |
| Provision for loan losses | 120,000 | 300,000 | 630,000 | 1,160,000 |
| Pretax income | 295,000 | 558,000 | 1,073,000 | 1,072,000 |
| Income tax | 117,000 | 224,000 | 430,000 | 433,000 |
| Net income | 178,000 | 334,000 | 643,000 | 639,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,863,000 | 7,007,000 | 7,294,000 | 7,281,000 |
| Total capital | 7,189,000 | 7,349,000 | 7,645,000 | 7,624,000 |
| Risk-weighted assets | 24,540,000 | 25,704,000 | 26,224,000 | 25,393,000 |
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