Call reports 2008
INDEPENDENCE BANK OF KENTUCKY — 2008
What INDEPENDENCE BANK OF KENTUCKY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 675,449,000 | 702,490,000 | 725,497,000 | 796,906,000 |
| Total loans | 537,435,000 | 555,563,000 | 573,435,000 | 594,708,000 |
| Allowance for loan losses | 5,891,000 | 6,232,000 | 6,393,000 | 6,274,000 |
| Securities available for sale | 96,964,000 | 98,815,000 | 106,417,000 | 115,441,000 |
| Securities held to maturity | 14,314,000 | 16,263,000 | 16,262,000 | 50,433,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 522,465,000 | 510,772,000 | 543,887,000 | 583,054,000 |
| Interest-bearing deposits | 461,850,000 | 455,346,000 | 486,401,000 | 523,362,000 |
| Noninterest-bearing deposits | 60,615,000 | 55,426,000 | 57,486,000 | 59,692,000 |
| Equity capital | 46,637,000 | 47,009,000 | 48,840,000 | 52,718,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 11,070,000 | 22,016,000 | 33,210,000 | 44,440,000 |
| Interest expense | 4,762,000 | 9,109,000 | 13,371,000 | 17,487,000 |
| Net interest income | 6,308,000 | 12,907,000 | 19,839,000 | 26,953,000 |
| Noninterest income | 960,000 | 2,124,000 | 3,306,000 | 4,615,000 |
| Noninterest expense | 4,802,000 | 9,714,000 | 14,707,000 | 19,844,000 |
| Provision for loan losses | 417,000 | 917,000 | 1,327,000 | 1,777,000 |
| Pretax income | 2,126,000 | 4,477,000 | 7,188,000 | 10,024,000 |
| Income tax | 781,000 | 1,541,000 | 2,444,000 | 3,299,000 |
| Net income | 1,345,000 | 2,936,000 | 4,744,000 | 6,725,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,040,000 | 47,515,000 | 48,677,000 | 51,443,000 |
| Total capital | 51,931,000 | 53,747,000 | 55,070,000 | 57,717,000 |
| Risk-weighted assets | 512,263,000 | 528,173,000 | 542,855,000 | 572,307,000 |