Call reports 2024
INDEPENDENCE BANK OF KENTUCKY — 2024
What INDEPENDENCE BANK OF KENTUCKY 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 | 3,714,903,000 | 3,718,915,000 | 3,730,155,000 | 3,743,488,000 |
| Total loans | 1,975,541,000 | 2,005,848,000 | 2,032,223,000 | 2,070,071,000 |
| Allowance for loan losses | 18,574,000 | 18,480,000 | 18,483,000 | 19,285,000 |
| Securities available for sale | 175,667,000 | 181,535,000 | 246,486,000 | 258,859,000 |
| Securities held to maturity | 1,299,621,000 | 1,296,217,000 | 1,196,169,000 | 1,193,788,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,053,951,000 | 2,936,642,000 | 2,993,172,000 | 3,154,370,000 |
| Interest-bearing deposits | 2,598,159,000 | 2,481,106,000 | 2,540,672,000 | 2,708,342,000 |
| Noninterest-bearing deposits | 455,792,000 | 455,536,000 | 452,500,000 | 446,028,000 |
| Equity capital | 237,982,000 | 248,512,000 | 278,300,000 | 282,995,000 |
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 | 40,149,000 | 80,697,000 | 122,872,000 | 165,042,000 |
| Interest expense | 24,606,000 | 49,685,000 | 75,606,000 | 99,216,000 |
| Net interest income | 15,543,000 | 31,012,000 | 47,266,000 | 65,826,000 |
| Noninterest income | 4,653,000 | 17,849,000 | 23,130,000 | 28,409,000 |
| Noninterest expense | 16,988,000 | 34,557,000 | 52,442,000 | 70,091,000 |
| Provision for loan losses | 150,000 | 2,250,000 | 2,250,000 | 3,150,000 |
| Pretax income | 3,068,000 | 12,064,000 | 15,714,000 | 21,004,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 3,068,000 | 12,064,000 | 15,714,000 | 21,004,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 279,052,000 | 286,799,000 | 322,949,000 | 325,738,000 |
| Total capital | 297,776,000 | 305,429,000 | 341,582,000 | 345,173,000 |
| Risk-weighted assets | 2,500,724,000 | 2,512,994,000 | 2,552,029,000 | 2,607,092,000 |