Call reports 2016
INDEPENDENCE BANK — 2016
What INDEPENDENCE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 39,181,000 | 38,374,000 | 36,362,000 | 38,739,000 |
| Total loans | 29,550,000 | 30,129,000 | 30,166,000 | 31,022,000 |
| Allowance for loan losses | 2,480,000 | 2,683,000 | 2,922,000 | 3,168,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,759,000 | 28,487,000 | 26,168,000 | 28,186,000 |
| Interest-bearing deposits | 23,266,000 | 21,764,000 | 20,354,000 | 22,843,000 |
| Noninterest-bearing deposits | 6,493,000 | 6,724,000 | 5,814,000 | 5,343,000 |
| Equity capital | 7,912,000 | 8,267,000 | 8,425,000 | 8,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 594,000 | 1,177,000 | 1,824,000 | 2,453,000 |
| Interest expense | 40,000 | 78,000 | 118,000 | 159,000 |
| Net interest income | 554,000 | 1,099,000 | 1,706,000 | 2,294,000 |
| Noninterest income | 1,518,000 | 2,871,000 | 4,300,000 | 5,995,000 |
| Noninterest expense | 1,165,000 | 2,260,000 | 3,305,000 | 4,518,000 |
| Provision for loan losses | 180,000 | 390,000 | 690,000 | 990,000 |
| Pretax income | 727,000 | 1,320,000 | 2,011,000 | 2,781,000 |
| Income tax | 292,000 | 530,000 | 813,000 | 1,117,000 |
| Net income | 435,000 | 790,000 | 1,198,000 | 1,664,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,593,000 | 7,934,000 | 8,069,000 | 8,312,000 |
| Total capital | 7,937,000 | 8,291,000 | 8,432,000 | 8,684,000 |
| Risk-weighted assets | 25,407,000 | 26,207,000 | 26,428,000 | 26,951,000 |