Call reports 2023
INDEPENDENCE BANK — 2023
What INDEPENDENCE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 34,854,000 | 29,647,000 | 28,356,000 | 22,019,000 |
| Total loans | 0 | 0 | 0 | 0 |
| Allowance for loan losses | 0 | 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 | 11,487,000 | 6,578,000 | 5,570,000 | 0 |
| Interest-bearing deposits | 9,124,000 | 5,499,000 | 4,795,000 | 0 |
| Noninterest-bearing deposits | 2,363,000 | 1,079,000 | 775,000 | 0 |
| Equity capital | 21,591,000 | 21,322,000 | 21,020,000 | 20,266,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 391,000 | 802,000 | 1,142,000 | 1,505,000 |
| Interest expense | 9,000 | 10,000 | 11,000 | 12,000 |
| Net interest income | 382,000 | 792,000 | 1,131,000 | 1,493,000 |
| Noninterest income | 38,000 | 133,000 | 153,000 | 225,000 |
| Noninterest expense | 872,000 | 1,720,000 | 2,488,000 | 3,062,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -452,000 | -795,000 | -1,204,000 | -1,344,000 |
| Income tax | -128,000 | -203,000 | -309,000 | 305,000 |
| Net income | -324,000 | -592,000 | -895,000 | -1,649,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,590,000 | 21,322,000 | 21,020,000 | 20,266,000 |
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