Call reports 2008
INDEPENDENCE NATIONAL BANK — 2008
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 122,850,000 | 131,287,000 | 136,429,000 | 136,890,000 |
| Total loans | 111,509,000 | 119,647,000 | 124,024,000 | 123,448,000 |
| Allowance for loan losses | 1,447,000 | 1,554,000 | 1,611,000 | 1,612,000 |
| Securities available for sale | 5,090,000 | 4,717,000 | 4,564,000 | 4,484,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,007,000 | 100,874,000 | 103,871,000 | 101,394,000 |
| Interest-bearing deposits | 86,501,000 | 93,681,000 | 96,725,000 | 94,150,000 |
| Noninterest-bearing deposits | 6,506,000 | 7,193,000 | 7,146,000 | 7,244,000 |
| Equity capital | 16,179,000 | 16,025,000 | 15,997,000 | 15,848,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,907,000 | 3,768,000 | 5,675,000 | 7,412,000 |
| Interest expense | 1,058,000 | 2,086,000 | 3,119,000 | 4,119,000 |
| Net interest income | 849,000 | 1,682,000 | 2,556,000 | 3,293,000 |
| Noninterest income | 11,000 | 26,000 | 64,000 | 30,000 |
| Noninterest expense | 941,000 | 1,849,000 | 2,743,000 | 3,599,000 |
| Provision for loan losses | 164,000 | 271,000 | 328,000 | 364,000 |
| Pretax income | -245,000 | -412,000 | -451,000 | -640,000 |
| Income tax | -83,000 | -140,000 | -153,000 | -156,000 |
| Net income | -162,000 | -272,000 | -298,000 | -484,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,446,000 | 15,169,000 | 15,131,000 | 14,924,000 |
| Total capital | 16,893,000 | 16,723,000 | 16,726,000 | 16,526,000 |
| Risk-weighted assets | 121,526,000 | 126,619,000 | 127,579,000 | 128,157,000 |