Call reports 2014
INDEPENDENCE TRUST COMPANY — 2014
What INDEPENDENCE TRUST COMPANY reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 4,037,000 | 3,990,000 | 4,014,000 | 4,100,000 |
| Total loans | 0 | 0 | 0 | 0 |
| Allowance for loan losses | 0 | 0 | 0 | 0 |
| Securities available for sale | 2,345,000 | 2,274,000 | 2,246,000 | 2,336,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 500,000 | 500,000 | 500,000 | 500,000 |
| Interest-bearing deposits | 500,000 | 500,000 | 500,000 | 500,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 3,375,000 | 3,287,000 | 3,335,000 | 3,422,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 24,000 | 46,000 | 65,000 | 84,000 |
| Interest expense | 3,000 | 6,000 | 9,000 | 12,000 |
| Net interest income | 21,000 | 40,000 | 56,000 | 72,000 |
| Noninterest income | 567,000 | 1,177,000 | 1,762,000 | 2,337,000 |
| Noninterest expense | 517,000 | 1,012,000 | 1,521,000 | 1,983,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 71,000 | 205,000 | 297,000 | 427,000 |
| Income tax | 28,000 | 79,000 | 115,000 | 172,000 |
| Net income | 43,000 | 126,000 | 182,000 | 255,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,385,000 | 3,278,000 | 3,336,000 | 3,407,000 |
| Total capital | 3,385,000 | 3,278,000 | 3,336,000 | 3,407,000 |
| Risk-weighted assets | 1,543,000 | 1,477,000 | 1,616,000 | 1,718,000 |