Call reports 2014
BANK INDEPENDENT — 2014
What BANK INDEPENDENT reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,115,392,000 | 1,107,356,000 | 1,140,594,000 | 1,175,539,000 |
| Total loans | 891,063,000 | 910,865,000 | 939,856,000 | 946,504,000 |
| Allowance for loan losses | 10,382,000 | 9,555,000 | 9,576,000 | 9,839,000 |
| Securities available for sale | 53,026,000 | 49,324,000 | 47,735,000 | 69,223,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 947,506,000 | 938,113,000 | 969,322,000 | 1,001,025,000 |
| Interest-bearing deposits | 671,202,000 | 669,197,000 | 697,791,000 | 729,927,000 |
| Noninterest-bearing deposits | 276,304,000 | 268,916,000 | 271,531,000 | 271,098,000 |
| Equity capital | 136,412,000 | 137,855,000 | 140,336,000 | 138,783,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 14,851,000 | 30,185,000 | 46,116,000 | 62,162,000 |
| Interest expense | 688,000 | 1,358,000 | 2,050,000 | 2,813,000 |
| Net interest income | 14,163,000 | 28,827,000 | 44,066,000 | 59,349,000 |
| Noninterest income | 3,129,000 | 6,380,000 | 9,771,000 | 13,066,000 |
| Noninterest expense | 13,341,000 | 26,864,000 | 40,058,000 | 53,957,000 |
| Provision for loan losses | 600,000 | 900,000 | 1,500,000 | 2,550,000 |
| Pretax income | 3,351,000 | 7,443,000 | 12,279,000 | 15,908,000 |
| Income tax | 918,000 | 2,236,000 | 3,688,000 | 4,759,000 |
| Net income | 2,433,000 | 5,207,000 | 8,591,000 | 11,149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 119,690,000 | 120,932,000 | 123,715,000 | 125,095,000 |
| Total capital | 130,220,000 | 130,674,000 | 133,443,000 | 134,934,000 |
| Risk-weighted assets | 947,704,000 | 962,182,000 | 979,890,000 | 993,365,000 |