Call reports 2007
INDEPENDENCE NATIONAL BANK — 2007
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 91,075,000 | 99,194,000 | 108,159,000 | 110,511,000 |
| Total loans | 77,186,000 | 85,938,000 | 94,351,000 | 98,891,000 |
| Allowance for loan losses | 1,390,000 | 1,113,000 | 1,223,000 | 1,283,000 |
| Securities available for sale | 8,468,000 | 5,289,000 | 5,206,000 | 5,162,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,915,000 | 77,360,000 | 85,716,000 | 84,669,000 |
| Interest-bearing deposits | 69,481,000 | 72,315,000 | 79,762,000 | 79,208,000 |
| Noninterest-bearing deposits | 5,434,000 | 5,045,000 | 5,954,000 | 5,461,000 |
| Equity capital | 15,873,000 | 15,966,000 | 16,043,000 | 16,297,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,506,000 | 3,290,000 | 5,234,000 | 7,256,000 |
| Interest expense | 713,000 | 1,570,000 | 2,551,000 | 3,586,000 |
| Net interest income | 793,000 | 1,720,000 | 2,683,000 | 3,670,000 |
| Noninterest income | 5,000 | 14,000 | 18,000 | 39,000 |
| Noninterest expense | 660,000 | 1,385,000 | 2,223,000 | 3,120,000 |
| Provision for loan losses | 192,000 | 313,000 | 423,000 | 483,000 |
| Pretax income | -54,000 | 36,000 | 55,000 | 106,000 |
| Income tax | -14,000 | -38,000 | -62,000 | -216,000 |
| Net income | -40,000 | 74,000 | 117,000 | 322,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,739,000 | 15,760,000 | 15,852,000 | 15,813,000 |
| Total capital | 16,777,000 | 16,873,000 | 17,075,000 | 17,096,000 |
| Risk-weighted assets | 82,718,000 | 91,411,000 | 98,878,000 | 110,245,000 |