Call reports 2017
BANK INDEPENDENT — 2017
What BANK INDEPENDENT reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,359,650,000 | 1,389,493,000 | 1,421,217,000 | 1,490,279,000 |
| Total loans | 1,098,951,000 | 1,155,105,000 | 1,201,255,000 | 1,200,821,000 |
| Allowance for loan losses | 11,445,000 | 12,263,000 | 12,857,000 | 12,105,000 |
| Securities available for sale | 49,914,000 | 49,987,000 | 49,043,000 | 48,520,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,161,816,000 | 1,179,111,000 | 1,189,053,000 | 1,260,223,000 |
| Interest-bearing deposits | 880,600,000 | 904,346,000 | 914,699,000 | 975,691,000 |
| Noninterest-bearing deposits | 281,216,000 | 274,765,000 | 274,354,000 | 284,532,000 |
| Equity capital | 135,795,000 | 139,642,000 | 142,129,000 | 140,170,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 17,070,000 | 35,430,000 | 54,925,000 | 75,233,000 |
| Interest expense | 1,140,000 | 2,412,000 | 3,900,000 | 5,556,000 |
| Net interest income | 15,930,000 | 33,018,000 | 51,025,000 | 69,677,000 |
| Noninterest income | 3,898,000 | 8,031,000 | 12,084,000 | 16,009,000 |
| Noninterest expense | 14,708,000 | 29,351,000 | 44,295,000 | 60,118,000 |
| Provision for loan losses | 1,155,000 | 2,310,000 | 3,465,000 | 4,620,000 |
| Pretax income | 3,965,000 | 9,388,000 | 15,349,000 | 20,948,000 |
| Income tax | 1,162,000 | 2,919,000 | 4,881,000 | 8,362,000 |
| Net income | 2,803,000 | 6,469,000 | 10,468,000 | 12,586,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 123,266,000 | 127,110,000 | 129,492,000 | 130,868,000 |
| Total capital | 134,775,000 | 139,373,000 | 142,485,000 | 143,119,000 |
| Risk-weighted assets | 1,174,513,000 | 1,233,397,000 | 1,270,870,000 | 1,281,283,000 |