Call reports 2020
BANK INDEPENDENT — 2020
What BANK INDEPENDENT reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,737,251,000 | 1,914,313,000 | 1,917,515,000 | 2,017,030,000 |
| Total loans | 1,262,777,000 | 1,313,706,000 | 1,347,403,000 | 1,294,379,000 |
| Allowance for loan losses | 14,408,000 | 16,450,000 | 17,005,000 | 17,621,000 |
| Securities available for sale | 37,362,000 | 48,126,000 | 63,119,000 | 103,632,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,431,398,000 | 1,604,407,000 | 1,622,290,000 | 1,721,457,000 |
| Interest-bearing deposits | 1,097,331,000 | 1,199,778,000 | 1,205,258,000 | 1,256,356,000 |
| Noninterest-bearing deposits | 334,067,000 | 404,629,000 | 417,032,000 | 465,101,000 |
| Equity capital | 167,501,000 | 168,391,000 | 173,590,000 | 174,037,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 23,064,000 | 44,335,000 | 66,118,000 | 89,421,000 |
| Interest expense | 3,222,000 | 5,872,000 | 8,274,000 | 10,470,000 |
| Net interest income | 19,842,000 | 38,463,000 | 57,844,000 | 78,951,000 |
| Noninterest income | 4,654,000 | 8,855,000 | 16,950,000 | 22,618,000 |
| Noninterest expense | 18,597,000 | 35,642,000 | 54,091,000 | 72,965,000 |
| Provision for loan losses | 1,425,000 | 4,350,000 | 5,775,000 | 7,200,000 |
| Pretax income | 4,478,000 | 7,330,000 | 14,932,000 | 21,408,000 |
| Income tax | 870,000 | 1,329,000 | 2,242,000 | 3,600,000 |
| Net income | 3,608,000 | 6,001,000 | 12,690,000 | 17,808,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 159,072,000 | 159,850,000 | 165,042,000 | 168,646,000 |
| Total capital | 173,480,000 | 175,798,000 | 181,587,000 | 185,028,000 |
| Risk-weighted assets | 1,331,097,000 | 1,275,365,000 | 1,323,133,000 | 1,309,284,000 |