Call reports 2013
INDEPENDENCE FEDERAL SAVINGS BANK — 2013
What INDEPENDENCE FEDERAL SAVINGS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 |
|---|---|---|---|
| Total assets | 72,473,000 | 69,273,000 | 64,086,000 |
| Total loans | 60,428,000 | 57,683,000 | 51,041,000 |
| Allowance for loan losses | 1,580,000 | 1,235,000 | 1,300,000 |
| Securities available for sale | 2,480,000 | 2,249,000 | 2,025,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 60,316,000 | 57,215,000 | 52,514,000 |
| Interest-bearing deposits | 54,441,000 | 52,980,000 | 48,872,000 |
| Noninterest-bearing deposits | 5,875,000 | 4,235,000 | 3,642,000 |
| Equity capital | 1,741,000 | 1,589,000 | 1,142,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 |
|---|---|---|---|
| Interest income | 681,000 | 1,517,000 | 2,236,000 |
| Interest expense | 186,000 | 362,000 | 540,000 |
| Net interest income | 495,000 | 1,155,000 | 1,696,000 |
| Noninterest income | 139,000 | 317,000 | 369,000 |
| Noninterest expense | 1,118,000 | 2,095,000 | 3,110,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | -484,000 | -623,000 | -1,045,000 |
| Income tax | 1,000 | 1,000 | 1,000 |
| Net income | -485,000 | -624,000 | -1,046,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 |
|---|---|---|---|
| Tier 1 capital | 1,674,000 | 1,537,000 | 1,114,000 |
| Total capital | 2,188,000 | 2,032,000 | 1,626,000 |
| Risk-weighted assets | 40,216,000 | 39,367,000 | 40,225,000 |