Call reports 2017
INDEPENDENCE TRUST COMPANY — 2017
What INDEPENDENCE TRUST COMPANY reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 |
|---|---|---|---|
| Total assets | 4,255,000 | 4,351,000 | 3,947,000 |
| Total loans | 0 | 0 | 0 |
| Allowance for loan losses | 0 | 0 | 0 |
| Securities available for sale | 2,941,000 | 3,291,000 | 2,885,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 500,000 | 500,000 | 0 |
| Interest-bearing deposits | 500,000 | 500,000 | 0 |
| Noninterest-bearing deposits | 0 | 0 | 0 |
| Equity capital | 3,641,000 | 3,649,000 | 3,681,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 |
|---|---|---|---|
| Interest income | 20,000 | 41,000 | 64,000 |
| Interest expense | 3,000 | 6,000 | 8,000 |
| Net interest income | 17,000 | 35,000 | 56,000 |
| Noninterest income | 490,000 | 969,000 | 1,457,000 |
| Noninterest expense | 413,000 | 790,000 | 1,215,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 94,000 | 214,000 | 299,000 |
| Income tax | 36,000 | 82,000 | 139,000 |
| Net income | 58,000 | 132,000 | 160,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 |
|---|---|---|---|
| Tier 1 capital | 3,695,000 | 3,698,000 | 3,724,000 |
| Total capital | 3,695,000 | 3,698,000 | 3,724,000 |
| Risk-weighted assets | 2,080,000 | 2,277,000 | 1,892,000 |