Call reports 2023
BANK INDEPENDENT — 2023
What BANK INDEPENDENT reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,482,903,000 | 2,480,144,000 | 2,539,177,000 | 2,672,561,000 |
| Total loans | 1,709,661,000 | 1,747,363,000 | 1,779,336,000 | 1,766,495,000 |
| Allowance for loan losses | 19,875,000 | 20,878,000 | 21,724,000 | 22,485,000 |
| Securities available for sale | 460,765,000 | 395,790,000 | 346,588,000 | 340,480,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,064,946,000 | 2,117,634,000 | 2,146,350,000 | 2,266,966,000 |
| Interest-bearing deposits | 1,522,326,000 | 1,573,716,000 | 1,616,056,000 | 1,740,483,000 |
| Noninterest-bearing deposits | 542,620,000 | 543,918,000 | 530,294,000 | 526,483,000 |
| Equity capital | 199,469,000 | 201,390,000 | 204,474,000 | 215,369,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 32,970,000 | 67,699,000 | 101,619,000 | 141,447,000 |
| Interest expense | 5,460,000 | 12,847,000 | 20,113,000 | 30,414,000 |
| Net interest income | 27,510,000 | 54,852,000 | 81,506,000 | 111,033,000 |
| Noninterest income | 5,422,000 | 11,627,000 | 17,998,000 | 23,081,000 |
| Noninterest expense | 23,013,000 | 46,850,000 | 70,144,000 | 94,793,000 |
| Provision for loan losses | 1,680,000 | 3,410,000 | 5,087,000 | 6,600,000 |
| Pretax income | 8,239,000 | 16,219,000 | 24,273,000 | 32,721,000 |
| Income tax | 2,038,000 | 3,632,000 | 5,495,000 | 7,315,000 |
| Net income | 6,201,000 | 12,587,000 | 18,778,000 | 25,406,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 203,489,000 | 207,747,000 | 211,755,000 | 216,200,000 |
| Total capital | 223,364,000 | 228,625,000 | 233,479,000 | 238,685,000 |
| Risk-weighted assets | 1,957,635,000 | 1,998,249,000 | 2,051,557,000 | 2,030,340,000 |