Call reports 2023
INDEPENDENCE BANK OF KENTUCKY — 2023
What INDEPENDENCE BANK OF KENTUCKY 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 | 3,631,953,000 | 3,615,794,000 | 3,656,320,000 | 3,721,922,000 |
| Total loans | 1,830,020,000 | 1,897,865,000 | 1,955,498,000 | 2,015,365,000 |
| Allowance for loan losses | 18,983,000 | 18,990,000 | 18,998,000 | 19,021,000 |
| Securities available for sale | 213,641,000 | 210,689,000 | 198,771,000 | 184,391,000 |
| Securities held to maturity | 1,343,066,000 | 1,309,159,000 | 1,300,595,000 | 1,299,805,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,123,446,000 | 2,878,039,000 | 3,084,039,000 | 3,192,069,000 |
| Interest-bearing deposits | 2,646,566,000 | 2,412,845,000 | 2,615,346,000 | 2,729,809,000 |
| Noninterest-bearing deposits | 476,880,000 | 465,194,000 | 468,693,000 | 462,260,000 |
| Equity capital | 244,626,000 | 243,172,000 | 234,091,000 | 231,030,000 |
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 | 33,768,000 | 70,577,000 | 108,777,000 | 148,362,000 |
| Interest expense | 12,773,000 | 30,622,000 | 52,331,000 | 76,139,000 |
| Net interest income | 20,995,000 | 39,955,000 | 56,446,000 | 72,223,000 |
| Noninterest income | 4,225,000 | 8,424,000 | 13,148,000 | 17,539,000 |
| Noninterest expense | 17,505,000 | 35,107,000 | 53,127,000 | 70,216,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 7,843,000 | 13,400,000 | 16,595,000 | 19,611,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 7,843,000 | 13,400,000 | 16,595,000 | 19,611,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 279,951,000 | 279,864,000 | 280,235,000 | 278,484,000 |
| Total capital | 299,084,000 | 299,004,000 | 299,383,000 | 297,655,000 |
| Risk-weighted assets | 2,392,399,000 | 2,426,146,000 | 2,489,229,000 | 2,542,176,000 |