Call reports 2022
INDEPENDENCE BANK — 2022
What INDEPENDENCE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 62,825,000 | 62,380,000 | 59,695,000 | 42,094,000 |
| Total loans | 35,668,000 | 29,368,000 | 26,903,000 | 0 |
| Allowance for loan losses | 6,861,000 | 0 | 0 | 0 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,232,000 | 37,700,000 | 32,173,000 | 18,187,000 |
| Interest-bearing deposits | 36,033,000 | 32,749,000 | 26,904,000 | 16,037,000 |
| Noninterest-bearing deposits | 5,198,000 | 4,951,000 | 5,269,000 | 2,150,000 |
| Equity capital | 21,072,000 | 23,401,000 | 23,348,000 | 21,915,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 885,000 | 1,629,000 | 2,490,000 | 3,213,000 |
| Interest expense | 87,000 | 170,000 | 243,000 | 285,000 |
| Net interest income | 798,000 | 1,459,000 | 2,247,000 | 2,928,000 |
| Noninterest income | 294,000 | 44,000 | 143,000 | -540,000 |
| Noninterest expense | 962,000 | 1,981,000 | 2,944,000 | 4,971,000 |
| Provision for loan losses | -170,000 | -4,010,000 | -4,010,000 | -4,010,000 |
| Pretax income | 300,000 | 3,532,000 | 3,456,000 | 1,427,000 |
| Income tax | 41,000 | 943,000 | 921,000 | 325,000 |
| Net income | 259,000 | 2,589,000 | 2,535,000 | 1,102,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,566,000 | 22,982,000 | 23,007,000 | 21,915,000 |
Machine access — free, no API key
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