Call reports 2020
INDEPENDENCE BANK OF KENTUCKY — 2020
What INDEPENDENCE BANK OF KENTUCKY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,667,215,000 | 2,853,256,000 | 2,903,024,000 | 2,943,369,000 |
| Total loans | 1,349,352,000 | 1,541,142,000 | 1,586,798,000 | 1,583,209,000 |
| Allowance for loan losses | 13,207,000 | 14,364,000 | 15,435,000 | 16,772,000 |
| Securities available for sale | 192,829,000 | 193,239,000 | 191,900,000 | 197,517,000 |
| Securities held to maturity | 920,058,000 | 915,644,000 | 947,691,000 | 966,623,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,080,380,000 | 2,384,791,000 | 2,350,113,000 | 2,496,519,000 |
| Interest-bearing deposits | 1,812,065,000 | 2,016,131,000 | 2,010,181,000 | 2,123,841,000 |
| Noninterest-bearing deposits | 268,315,000 | 368,660,000 | 339,932,000 | 372,678,000 |
| Equity capital | 215,824,000 | 227,725,000 | 231,571,000 | 233,830,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 26,847,000 | 57,031,000 | 84,993,000 | 112,294,000 |
| Interest expense | 6,317,000 | 10,588,000 | 14,221,000 | 17,542,000 |
| Net interest income | 20,530,000 | 46,443,000 | 70,772,000 | 94,752,000 |
| Noninterest income | 2,817,000 | 4,877,000 | 7,627,000 | 10,651,000 |
| Noninterest expense | 14,694,000 | 28,813,000 | 43,076,000 | 57,659,000 |
| Provision for loan losses | 0 | 1,500,000 | 3,000,000 | 4,500,000 |
| Pretax income | 8,653,000 | 21,007,000 | 32,334,000 | 43,255,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 8,653,000 | 21,007,000 | 32,334,000 | 43,255,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 212,833,000 | 218,355,000 | 221,213,000 | 223,370,000 |
| Total capital | 226,590,000 | 233,269,000 | 237,198,000 | 240,692,000 |
| Risk-weighted assets | 1,761,926,000 | 1,796,583,000 | 1,820,534,000 | 1,863,195,000 |