Call reports 2021
BANK INDEPENDENT — 2021
What BANK INDEPENDENT reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,099,807,000 | 2,114,596,000 | 2,191,685,000 | 2,229,522,000 |
| Total loans | 1,316,675,000 | 1,293,537,000 | 1,300,201,000 | 1,330,293,000 |
| Allowance for loan losses | 18,018,000 | 17,659,000 | 16,756,000 | 16,660,000 |
| Securities available for sale | 185,564,000 | 218,698,000 | 265,837,000 | 255,938,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,798,265,000 | 1,805,823,000 | 1,882,057,000 | 1,918,616,000 |
| Interest-bearing deposits | 1,294,213,000 | 1,310,420,000 | 1,350,899,000 | 1,379,648,000 |
| Noninterest-bearing deposits | 504,052,000 | 495,403,000 | 531,158,000 | 538,968,000 |
| Equity capital | 174,998,000 | 178,847,000 | 182,262,000 | 185,760,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 21,934,000 | 44,136,000 | 66,708,000 | 88,594,000 |
| Interest expense | 1,926,000 | 3,723,000 | 5,449,000 | 6,967,000 |
| Net interest income | 20,008,000 | 40,413,000 | 61,259,000 | 81,627,000 |
| Noninterest income | 5,380,000 | 11,131,000 | 17,211,000 | 22,931,000 |
| Noninterest expense | 18,800,000 | 38,432,000 | 58,920,000 | 79,350,000 |
| Provision for loan losses | 950,000 | 950,000 | 950,000 | 950,000 |
| Pretax income | 5,638,000 | 12,162,000 | 18,601,000 | 24,387,000 |
| Income tax | 994,000 | 2,262,000 | 3,660,000 | 4,749,000 |
| Net income | 4,644,000 | 9,900,000 | 14,941,000 | 19,638,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 171,622,000 | 175,206,000 | 178,583,000 | 183,280,000 |
| Total capital | 188,545,000 | 192,432,000 | 195,339,000 | 199,940,000 |
| Risk-weighted assets | 1,352,778,000 | 1,377,726,000 | 1,419,695,000 | 1,478,763,000 |