Call reports 2008
BANK INDEPENDENT — 2008
What BANK INDEPENDENT reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 776,633,000 | 786,775,000 | 823,239,000 | 897,132,000 |
| Total loans | 569,800,000 | 592,433,000 | 639,606,000 | 696,497,000 |
| Allowance for loan losses | 4,701,000 | 4,804,000 | 4,853,000 | 8,146,000 |
| Securities available for sale | 98,093,000 | 93,000,000 | 80,391,000 | 87,483,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 628,698,000 | 632,117,000 | 637,798,000 | 733,537,000 |
| Interest-bearing deposits | 596,560,000 | 597,691,000 | 604,453,000 | 695,234,000 |
| Noninterest-bearing deposits | 32,138,000 | 34,426,000 | 33,345,000 | 38,303,000 |
| Equity capital | 88,245,000 | 88,276,000 | 87,881,000 | 93,355,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 11,433,000 | 22,752,000 | 34,673,000 | 46,586,000 |
| Interest expense | 3,723,000 | 7,111,000 | 10,451,000 | 13,706,000 |
| Net interest income | 7,710,000 | 15,641,000 | 24,222,000 | 32,880,000 |
| Noninterest income | 2,118,000 | 4,456,000 | 6,880,000 | 9,374,000 |
| Noninterest expense | 6,911,000 | 13,932,000 | 23,950,000 | 31,627,000 |
| Provision for loan losses | 270,000 | 540,000 | 870,000 | 3,800,000 |
| Pretax income | 2,647,000 | 5,622,000 | 6,282,000 | 7,113,000 |
| Income tax | 686,000 | 1,502,000 | 1,465,000 | 1,498,000 |
| Net income | 1,961,000 | 4,120,000 | 4,817,000 | 5,615,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,737,000 | 65,870,000 | 66,523,000 | 66,749,000 |
| Total capital | 69,438,000 | 70,674,000 | 71,376,000 | 74,895,000 |
| Risk-weighted assets | 613,014,000 | 627,993,000 | 662,033,000 | 705,998,000 |