Call reports 2020
INDEPENDENCE BANK — 2020
What INDEPENDENCE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 67,591,000 | 67,220,000 | 68,896,000 | 67,788,000 |
| Total loans | 55,768,000 | 53,670,000 | 51,231,000 | 48,387,000 |
| Allowance for loan losses | 9,978,000 | 9,808,000 | 9,565,000 | 8,907,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,809,000 | 46,329,000 | 47,733,000 | 46,468,000 |
| Interest-bearing deposits | 41,635,000 | 43,319,000 | 44,165,000 | 43,746,000 |
| Noninterest-bearing deposits | 5,175,000 | 3,010,000 | 3,569,000 | 2,722,000 |
| Equity capital | 19,322,000 | 19,524,000 | 19,738,000 | 19,873,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,342,000 | 2,377,000 | 3,416,000 | 4,398,000 |
| Interest expense | 219,000 | 441,000 | 648,000 | 843,000 |
| Net interest income | 1,123,000 | 1,936,000 | 2,768,000 | 3,555,000 |
| Noninterest income | 383,000 | 740,000 | 1,128,000 | 1,472,000 |
| Noninterest expense | 899,000 | 1,811,000 | 2,740,000 | 3,690,000 |
| Provision for loan losses | 305,000 | 305,000 | 305,000 | 305,000 |
| Pretax income | 302,000 | 560,000 | 851,000 | 1,032,000 |
| Income tax | 62,000 | 119,000 | 196,000 | 242,000 |
| Net income | 240,000 | 441,000 | 655,000 | 790,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,689,000 | 18,075,000 | 18,452,000 | 18,753,000 |
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