Call reports 2024
BANK INDEPENDENT — 2024
What BANK INDEPENDENT reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,715,185,000 | 2,705,206,000 | 2,734,171,000 | 2,814,773,000 |
| Total loans | 1,811,128,000 | 1,808,955,000 | 1,875,173,000 | 1,842,640,000 |
| Allowance for loan losses | 23,552,000 | 23,975,000 | 24,338,000 | 23,740,000 |
| Securities available for sale | 314,110,000 | 307,978,000 | 327,076,000 | 373,996,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,332,394,000 | 2,312,900,000 | 2,327,771,000 | 2,408,671,000 |
| Interest-bearing deposits | 1,807,322,000 | 1,791,681,000 | 1,818,798,000 | 1,896,746,000 |
| Noninterest-bearing deposits | 525,072,000 | 521,219,000 | 508,973,000 | 511,925,000 |
| Equity capital | 218,865,000 | 224,544,000 | 235,223,000 | 237,234,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 39,597,000 | 80,063,000 | 121,866,000 | 162,452,000 |
| Interest expense | 11,365,000 | 22,911,000 | 34,552,000 | 45,200,000 |
| Net interest income | 28,232,000 | 57,152,000 | 87,314,000 | 117,252,000 |
| Noninterest income | 5,559,000 | 11,475,000 | 17,303,000 | 23,444,000 |
| Noninterest expense | 24,772,000 | 50,462,000 | 75,439,000 | 102,252,000 |
| Provision for loan losses | 1,860,000 | 3,150,000 | 4,270,000 | 4,700,000 |
| Pretax income | 7,159,000 | 15,015,000 | 24,908,000 | 33,744,000 |
| Income tax | 1,697,000 | 3,434,000 | 5,853,000 | 7,927,000 |
| Net income | 5,462,000 | 11,581,000 | 19,055,000 | 25,817,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 220,049,000 | 223,939,000 | 229,229,000 | 233,838,000 |
| Total capital | 243,601,000 | 247,914,000 | 253,567,000 | 257,579,000 |
| Risk-weighted assets | 2,069,804,000 | 2,076,718,000 | 2,141,001,000 | 2,082,866,000 |