Call reports 2018
INDEPENDENCE BANK — 2018
What INDEPENDENCE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 59,477,000 | 63,257,000 | 63,761,000 | 63,827,000 |
| Total loans | 50,396,000 | 53,921,000 | 54,454,000 | 59,439,000 |
| Allowance for loan losses | 7,056,000 | 8,081,000 | 9,632,000 | 10,619,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,854,000 | 48,250,000 | 48,104,000 | 46,453,000 |
| Interest-bearing deposits | 41,523,000 | 43,213,000 | 42,741,000 | 39,878,000 |
| Noninterest-bearing deposits | 4,331,000 | 5,037,000 | 5,362,000 | 6,575,000 |
| Equity capital | 11,953,000 | 13,923,000 | 14,912,000 | 16,367,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,051,000 | 2,269,000 | 3,602,000 | 4,973,000 |
| Interest expense | 147,000 | 298,000 | 481,000 | 657,000 |
| Net interest income | 904,000 | 1,971,000 | 3,121,000 | 4,316,000 |
| Noninterest income | 3,499,000 | 8,935,000 | 13,637,000 | 18,047,000 |
| Noninterest expense | 1,692,000 | 3,624,000 | 5,443,000 | 7,322,000 |
| Provision for loan losses | 1,015,000 | 2,765,000 | 5,315,000 | 6,865,000 |
| Pretax income | 1,696,000 | 4,517,000 | 6,000,000 | 8,176,000 |
| Income tax | 485,000 | 1,269,000 | 1,688,000 | 2,209,000 |
| Net income | 1,211,000 | 3,248,000 | 4,312,000 | 5,967,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,501,000 | 12,237,000 | 12,990,000 | 13,708,000 |
| Total capital | 11,041,000 | 12,829,000 | 13,615,000 | 14,380,000 |
| Risk-weighted assets | 36,679,000 | 39,856,000 | 41,014,000 | 43,948,000 |
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