Call reports 2004
BANK INDEPENDENT — 2004
What BANK INDEPENDENT reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 407,899,000 | 416,841,000 | 411,464,000 | 410,337,000 |
| Total loans | 281,187,000 | 278,974,000 | 281,876,000 | 280,942,000 |
| Allowance for loan losses | 5,136,000 | 5,261,000 | 5,264,000 | 4,122,000 |
| Securities available for sale | 77,244,000 | 97,972,000 | 87,251,000 | 82,000,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 311,633,000 | 302,957,000 | 305,669,000 | 312,800,000 |
| Interest-bearing deposits | 285,184,000 | 279,686,000 | 282,426,000 | 285,691,000 |
| Noninterest-bearing deposits | 26,449,000 | 23,271,000 | 23,243,000 | 27,109,000 |
| Equity capital | 36,826,000 | 36,047,000 | 37,359,000 | 37,304,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 5,272,000 | 10,558,000 | 15,927,000 | 21,220,000 |
| Interest expense | 1,712,000 | 3,315,000 | 4,934,000 | 6,591,000 |
| Net interest income | 3,560,000 | 7,243,000 | 10,993,000 | 14,629,000 |
| Noninterest income | 1,021,000 | 2,158,000 | 3,299,000 | 4,356,000 |
| Noninterest expense | 3,700,000 | 7,406,000 | 11,218,000 | 14,992,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 731,000 | 1,695,000 | 2,624,000 | 3,393,000 |
| Income tax | 87,000 | 260,000 | 428,000 | 518,000 |
| Net income | 644,000 | 1,435,000 | 2,196,000 | 2,875,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,360,000 | 33,870,000 | 34,590,000 | 35,029,000 |
| Total capital | 36,794,000 | 37,304,000 | 38,056,000 | 38,444,000 |
| Risk-weighted assets | 273,010,000 | 272,890,000 | 275,509,000 | 272,611,000 |