Call reports 2003
BANK INDEPENDENT — 2003
What BANK INDEPENDENT reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 412,359,000 | 406,520,000 | 415,832,000 | 422,632,000 |
| Total loans | 288,805,000 | 292,364,000 | 296,875,000 | 290,907,000 |
| Allowance for loan losses | 5,632,000 | 5,719,000 | 5,807,000 | 5,807,000 |
| Securities available for sale | 67,482,000 | 73,919,000 | 79,183,000 | 69,146,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 327,776,000 | 321,282,000 | 317,792,000 | 326,440,000 |
| Interest-bearing deposits | 305,485,000 | 299,464,000 | 294,226,000 | 302,894,000 |
| Noninterest-bearing deposits | 22,291,000 | 21,818,000 | 23,566,000 | 23,546,000 |
| Equity capital | 34,992,000 | 36,023,000 | 36,313,000 | 36,490,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 5,931,000 | 11,773,000 | 17,620,000 | 23,099,000 |
| Interest expense | 2,064,000 | 4,023,000 | 5,902,000 | 7,729,000 |
| Net interest income | 3,867,000 | 7,750,000 | 11,718,000 | 15,370,000 |
| Noninterest income | 1,120,000 | 2,228,000 | 3,309,000 | 4,335,000 |
| Noninterest expense | 3,505,000 | 7,113,000 | 10,750,000 | 14,411,000 |
| Provision for loan losses | 260,000 | 505,000 | 675,000 | 920,000 |
| Pretax income | 1,223,000 | 2,361,000 | 3,603,000 | 4,720,000 |
| Income tax | 264,000 | 496,000 | 765,000 | 991,000 |
| Net income | 959,000 | 1,865,000 | 2,838,000 | 3,729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,995,000 | 31,601,000 | 32,348,000 | 32,941,000 |
| Total capital | 34,536,000 | 35,167,000 | 35,966,000 | 36,509,000 |
| Risk-weighted assets | 281,163,000 | 283,154,000 | 287,230,000 | 283,234,000 |