Call reports 2017
INDEPENDENCE BANK — 2017
What INDEPENDENCE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 45,032,000 | 47,188,000 | 47,025,000 | 60,810,000 |
| Total loans | 34,928,000 | 36,688,000 | 40,505,000 | 40,792,000 |
| Allowance for loan losses | 2,894,000 | 3,332,000 | 4,988,000 | 5,779,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,991,000 | 35,738,000 | 35,844,000 | 47,437,000 |
| Interest-bearing deposits | 28,947,000 | 30,894,000 | 31,511,000 | 43,640,000 |
| Noninterest-bearing deposits | 5,044,000 | 4,845,000 | 4,333,000 | 3,797,000 |
| Equity capital | 9,088,000 | 9,935,000 | 9,692,000 | 10,812,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 653,000 | 1,420,000 | 2,323,000 | 3,299,000 |
| Interest expense | 45,000 | 113,000 | 196,000 | 322,000 |
| Net interest income | 608,000 | 1,307,000 | 2,127,000 | 2,977,000 |
| Noninterest income | 2,018,000 | 5,128,000 | 8,078,000 | 12,510,000 |
| Noninterest expense | 1,274,000 | 2,597,000 | 3,998,000 | 5,959,000 |
| Provision for loan losses | 679,000 | 1,754,000 | 4,169,000 | 5,459,000 |
| Pretax income | 673,000 | 2,084,000 | 2,038,000 | 4,069,000 |
| Income tax | 269,000 | 833,000 | 816,000 | 1,664,000 |
| Net income | 404,000 | 1,251,000 | 1,222,000 | 2,405,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,544,000 | 9,301,000 | 8,982,000 | 9,947,000 |
| Total capital | 8,938,000 | 9,729,000 | 9,441,000 | 10,442,000 |
| Risk-weighted assets | 29,002,000 | 31,329,000 | 32,114,000 | 34,304,000 |