Call reports 2021
INDEPENDENCE BANK — 2021
What INDEPENDENCE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 67,504,000 | 64,092,000 | 64,053,000 | 62,391,000 |
| Total loans | 46,387,000 | 43,747,000 | 41,373,000 | 38,836,000 |
| Allowance for loan losses | 8,665,000 | 8,194,000 | 7,854,000 | 7,292,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,418,000 | 43,351,000 | 43,057,000 | 40,720,000 |
| Interest-bearing deposits | 44,565,000 | 41,330,000 | 40,876,000 | 38,544,000 |
| Noninterest-bearing deposits | 1,853,000 | 2,021,000 | 2,181,000 | 2,176,000 |
| Equity capital | 19,961,000 | 20,110,000 | 20,339,000 | 20,813,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 881,000 | 1,759,000 | 2,592,000 | 3,721,000 |
| Interest expense | 174,000 | 317,000 | 431,000 | 541,000 |
| Net interest income | 707,000 | 1,442,000 | 2,161,000 | 3,180,000 |
| Noninterest income | 368,000 | 537,000 | 985,000 | 1,680,000 |
| Noninterest expense | 958,000 | 1,660,000 | 2,572,000 | 3,670,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 117,000 | 319,000 | 574,000 | 1,190,000 |
| Income tax | 29,000 | 82,000 | 108,000 | 250,000 |
| Net income | 88,000 | 237,000 | 466,000 | 940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,976,000 | 19,259,000 | 19,611,000 | 20,203,000 |
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