Call reports 2019
INDEPENDENCE BANK — 2019
What INDEPENDENCE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 65,846,000 | 66,269,000 | 64,838,000 | 65,892,000 |
| Total loans | 60,272,000 | 58,273,000 | 59,352,000 | 58,119,000 |
| Allowance for loan losses | 11,134,000 | 12,530,000 | 11,463,000 | 10,567,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,308,000 | 46,680,000 | 45,190,000 | 45,475,000 |
| Interest-bearing deposits | 38,864,000 | 40,080,000 | 38,923,000 | 40,236,000 |
| Noninterest-bearing deposits | 7,444,000 | 6,600,000 | 6,267,000 | 5,239,000 |
| Equity capital | 18,004,000 | 18,511,000 | 18,841,000 | 19,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,562,000 | 3,163,000 | 4,720,000 | 6,228,000 |
| Interest expense | 175,000 | 367,000 | 558,000 | 761,000 |
| Net interest income | 1,387,000 | 2,796,000 | 4,162,000 | 5,467,000 |
| Noninterest income | 3,843,000 | 6,969,000 | 7,414,000 | 7,813,000 |
| Noninterest expense | 1,274,000 | 2,574,000 | 3,805,000 | 5,544,000 |
| Provision for loan losses | 1,400,000 | 3,650,000 | 3,765,000 | 3,814,000 |
| Pretax income | 2,556,000 | 3,541,000 | 4,006,000 | 3,922,000 |
| Income tax | 718,000 | 996,000 | 1,131,000 | 806,000 |
| Net income | 1,838,000 | 2,545,000 | 2,875,000 | 3,116,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,744,000 | 16,208,000 | 16,774,000 | 17,242,000 |
| Total capital | 16,447,000 | 16,921,000 | 17,462,000 | 17,910,000 |
| Risk-weighted assets | 45,793,000 | 45,198,000 | 44,214,000 | 42,997,000 |
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