Call reports 2002
BANK INDEPENDENT — 2002
What BANK INDEPENDENT reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 369,409,000 | 371,824,000 | 413,354,000 | 412,226,000 |
| Total loans | 249,467,000 | 263,280,000 | 281,839,000 | 291,336,000 |
| Allowance for loan losses | 3,359,000 | 3,725,000 | 4,256,000 | 5,400,000 |
| Securities available for sale | 60,952,000 | 73,428,000 | 80,982,000 | 70,546,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 302,673,000 | 301,707,000 | 324,090,000 | 323,644,000 |
| Interest-bearing deposits | 283,832,000 | 285,621,000 | 305,787,000 | 303,570,000 |
| Noninterest-bearing deposits | 18,841,000 | 16,086,000 | 18,303,000 | 20,074,000 |
| Equity capital | 33,037,000 | 34,148,000 | 35,308,000 | 34,826,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 5,914,000 | 11,947,000 | 17,931,000 | 24,240,000 |
| Interest expense | 2,217,000 | 4,375,000 | 6,569,000 | 8,862,000 |
| Net interest income | 3,697,000 | 7,572,000 | 11,362,000 | 15,378,000 |
| Noninterest income | 914,000 | 1,884,000 | 2,919,000 | 4,007,000 |
| Noninterest expense | 3,010,000 | 6,177,000 | 9,581,000 | 13,022,000 |
| Provision for loan losses | 285,000 | 695,000 | 1,355,000 | 2,840,000 |
| Pretax income | 1,316,000 | 2,584,000 | 3,345,000 | 3,523,000 |
| Income tax | 281,000 | 550,000 | 597,000 | 461,000 |
| Net income | 1,035,000 | 2,034,000 | 2,748,000 | 3,062,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,439,000 | 31,197,000 | 30,452,000 | 30,261,000 |
| Total capital | 33,566,000 | 34,611,000 | 33,940,000 | 33,815,000 |
| Risk-weighted assets | 261,193,000 | 272,824,000 | 278,242,000 | 282,494,000 |