Call reports 2001
INDEPENDENT BANK — 2001
What INDEPENDENT BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 |
|---|---|---|
| Total assets | 457,717,000 | 470,678,000 |
| Total loans | 347,026,000 | 357,674,000 |
| Allowance for loan losses | 3,718,000 | 3,964,000 |
| Securities available for sale | 70,858,000 | 67,925,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 357,504,000 | 325,051,000 |
| Interest-bearing deposits | 311,276,000 | 277,785,000 |
| Noninterest-bearing deposits | 46,228,000 | 47,266,000 |
| Equity capital | 39,665,000 | 40,026,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 |
|---|---|---|
| Interest income | 9,075,000 | 18,324,000 |
| Interest expense | 3,831,000 | 7,501,000 |
| Net interest income | 5,244,000 | 10,823,000 |
| Noninterest income | 1,145,000 | 2,988,000 |
| Noninterest expense | 3,780,000 | 8,063,000 |
| Provision for loan losses | 150,000 | 680,000 |
| Pretax income | 2,459,000 | 5,068,000 |
| Income tax | 732,000 | 1,499,000 |
| Net income | 1,720,000 | 3,562,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 |
|---|---|---|
| Tier 1 capital | 31,884,000 | 32,560,000 |
| Total capital | 35,602,000 | 36,524,000 |
| Risk-weighted assets | 347,240,000 | 356,402,000 |