Call reports 2006
INDEPENDENCE NATIONAL BANK — 2006
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 58,371,000 | 58,979,000 | 67,788,000 | 75,730,000 |
| Total loans | 35,864,000 | 43,956,000 | 54,857,000 | 62,953,000 |
| Allowance for loan losses | 468,000 | 571,000 | 1,094,000 | 1,198,000 |
| Securities available for sale | 11,014,000 | 10,753,000 | 10,693,000 | 9,585,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,493,000 | 42,460,000 | 46,594,000 | 59,443,000 |
| Interest-bearing deposits | 36,784,000 | 37,411,000 | 42,171,000 | 54,539,000 |
| Noninterest-bearing deposits | 4,709,000 | 5,049,000 | 4,423,000 | 4,904,000 |
| Equity capital | 16,245,000 | 16,093,000 | 15,834,000 | 15,889,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 773,000 | 1,770,000 | 2,912,000 | 4,246,000 |
| Interest expense | 303,000 | 700,000 | 1,154,000 | 1,752,000 |
| Net interest income | 470,000 | 1,070,000 | 1,758,000 | 2,494,000 |
| Noninterest income | 7,000 | 12,000 | 18,000 | 24,000 |
| Noninterest expense | 680,000 | 1,300,000 | 1,909,000 | 2,516,000 |
| Provision for loan losses | 130,000 | 233,000 | 756,000 | 866,000 |
| Pretax income | -333,000 | -451,000 | -889,000 | -864,000 |
| Income tax | -83,000 | -113,000 | -226,000 | -222,000 |
| Net income | -250,000 | -338,000 | -663,000 | -642,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,373,000 | 16,273,000 | 15,948,000 | 15,969,000 |
| Total capital | 16,841,000 | 16,844,000 | 16,719,000 | 16,834,000 |
| Risk-weighted assets | 45,714,000 | 51,028,000 | 61,382,000 | 68,896,000 |