Call reports 2024
INDEPENDENCE BANK — 2024
What INDEPENDENCE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 21,118,000 | 20,681,000 | 20,118,000 | 19,985,000 |
| 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 | 0 | 0 | 0 | 0 |
| Interest-bearing deposits | 0 | 0 | 0 | 0 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 19,850,000 | 19,916,000 | 19,765,000 | 16,184,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 293,000 | 566,000 | 831,000 | 1,064,000 |
| Interest expense | 0 | 0 | 0 | 0 |
| Net interest income | 293,000 | 566,000 | 831,000 | 1,064,000 |
| Noninterest income | 37,000 | 464,000 | 473,000 | 519,000 |
| Noninterest expense | 747,000 | 1,330,000 | 1,755,000 | 5,614,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -417,000 | -300,000 | -451,000 | -4,031,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | -417,000 | -300,000 | -451,000 | -4,032,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,850,000 | 19,916,000 | 19,916,000 | 16,184,000 |
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