Call reports 2009
INDEPENDENCE NATIONAL BANK — 2009
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 140,346,000 | 135,745,000 | 137,702,000 | 135,311,000 |
| Total loans | 118,919,000 | 116,109,000 | 107,699,000 | 107,977,000 |
| Allowance for loan losses | 1,702,000 | 2,262,000 | 2,147,000 | 1,847,000 |
| Securities available for sale | 4,337,000 | 4,158,000 | 8,079,000 | 8,172,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,052,000 | 104,011,000 | 106,422,000 | 105,811,000 |
| Interest-bearing deposits | 98,322,000 | 97,299,000 | 98,395,000 | 99,032,000 |
| Noninterest-bearing deposits | 6,730,000 | 6,712,000 | 8,027,000 | 6,779,000 |
| Equity capital | 15,485,000 | 14,819,000 | 14,453,000 | 14,669,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,452,000 | 2,869,000 | 4,366,000 | 5,692,000 |
| Interest expense | 898,000 | 1,734,000 | 2,527,000 | 3,265,000 |
| Net interest income | 554,000 | 1,135,000 | 1,839,000 | 2,427,000 |
| Noninterest income | 0 | 94,000 | 148,000 | 206,000 |
| Noninterest expense | 985,000 | 2,102,000 | 3,097,000 | 4,075,000 |
| Provision for loan losses | 90,000 | 650,000 | 787,000 | 1,212,000 |
| Pretax income | -521,000 | -1,523,000 | -1,897,000 | -2,654,000 |
| Income tax | -152,000 | -493,000 | -493,000 | -493,000 |
| Net income | -369,000 | -1,030,000 | -1,404,000 | -2,161,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,396,000 | 13,394,000 | 13,020,000 | 13,263,000 |
| Total capital | 15,948,000 | 14,902,000 | 14,462,000 | 14,712,000 |
| Risk-weighted assets | 124,039,000 | 119,885,000 | 114,618,000 | 115,534,000 |