Call reports 2005
INDEPENDENCE NATIONAL BANK — 2005
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Total assets | 26,388,000 | 29,034,000 | 40,814,000 |
| Total loans | 1,010,000 | 13,173,000 | 25,996,000 |
| Allowance for loan losses | 13,000 | 172,000 | 338,000 |
| Securities available for sale | 9,714,000 | 11,501,000 | 11,202,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 9,360,000 | 12,440,000 | 18,952,000 |
| Interest-bearing deposits | 5,816,000 | 7,652,000 | 14,228,000 |
| Noninterest-bearing deposits | 3,544,000 | 4,788,000 | 4,724,000 |
| Equity capital | 16,993,000 | 16,565,000 | 16,503,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Interest income | 108,000 | 392,000 | 865,000 |
| Interest expense | 48,000 | 95,000 | 203,000 |
| Net interest income | 60,000 | 297,000 | 662,000 |
| Noninterest income | 0 | 2,000 | 6,000 |
| Noninterest expense | 641,000 | 1,123,000 | 1,608,000 |
| Provision for loan losses | 13,000 | 172,000 | 338,000 |
| Pretax income | -594,000 | -996,000 | -1,278,000 |
| Income tax | 0 | 0 | -281,000 |
| Net income | -594,000 | -996,000 | -997,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Tier 1 capital | 17,014,000 | 16,612,000 | 16,611,000 |
| Total capital | 17,027,000 | 16,784,000 | 16,949,000 |
| Risk-weighted assets | 9,923,000 | 19,879,000 | 34,174,000 |