Call reports 2016
BANK INDEPENDENT — 2016
What BANK INDEPENDENT reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,241,642,000 | 1,223,537,000 | 1,284,863,000 | 1,338,709,000 |
| Total loans | 972,246,000 | 1,021,470,000 | 1,053,562,000 | 1,068,035,000 |
| Allowance for loan losses | 10,786,000 | 11,321,000 | 11,246,000 | 10,952,000 |
| Securities available for sale | 57,402,000 | 55,928,000 | 52,612,000 | 49,480,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,076,932,000 | 1,056,955,000 | 1,114,342,000 | 1,146,347,000 |
| Interest-bearing deposits | 748,187,000 | 735,696,000 | 861,457,000 | 889,202,000 |
| Noninterest-bearing deposits | 328,745,000 | 321,259,000 | 252,885,000 | 257,145,000 |
| Equity capital | 128,870,000 | 128,644,000 | 130,496,000 | 132,899,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 15,535,000 | 31,599,000 | 48,351,000 | 65,126,000 |
| Interest expense | 805,000 | 1,598,000 | 2,442,000 | 3,463,000 |
| Net interest income | 14,730,000 | 30,001,000 | 45,909,000 | 61,663,000 |
| Noninterest income | 3,655,000 | 7,404,000 | 11,247,000 | 15,204,000 |
| Noninterest expense | 14,245,000 | 28,220,000 | 42,129,000 | 56,259,000 |
| Provision for loan losses | 850,000 | 1,900,000 | 2,875,000 | 3,989,000 |
| Pretax income | 3,290,000 | 7,285,000 | 12,152,000 | 16,619,000 |
| Income tax | 898,000 | 2,085,000 | 3,565,000 | 4,865,000 |
| Net income | 2,392,000 | 5,200,000 | 8,587,000 | 11,754,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 115,221,000 | 115,128,000 | 117,142,000 | 120,273,000 |
| Total capital | 126,007,000 | 126,449,000 | 128,388,000 | 131,275,000 |
| Risk-weighted assets | 1,085,126,000 | 1,145,448,000 | 1,201,290,000 | 1,145,231,000 |