Call reports 2010
INDEPENDENCE NATIONAL BANK — 2010
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 137,725,000 | 132,569,000 | 123,977,000 | 121,811,000 |
| Total loans | 105,326,000 | 96,628,000 | 95,787,000 | 94,465,000 |
| Allowance for loan losses | 1,985,000 | 2,122,000 | 2,781,000 | 3,062,000 |
| Securities available for sale | 7,480,000 | 10,207,000 | 10,015,000 | 10,653,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,969,000 | 107,916,000 | 104,902,000 | 104,117,000 |
| Interest-bearing deposits | 104,625,000 | 102,151,000 | 98,883,000 | 98,371,000 |
| Noninterest-bearing deposits | 6,344,000 | 5,765,000 | 6,019,000 | 5,746,000 |
| Equity capital | 14,021,000 | 13,878,000 | 11,218,000 | 10,415,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,347,000 | 2,628,000 | 3,895,000 | 5,116,000 |
| Interest expense | 695,000 | 1,345,000 | 1,913,000 | 2,412,000 |
| Net interest income | 652,000 | 1,283,000 | 1,982,000 | 2,704,000 |
| Noninterest income | 65,000 | 98,000 | 168,000 | 241,000 |
| Noninterest expense | 1,247,000 | 2,424,000 | 3,765,000 | 4,841,000 |
| Provision for loan losses | 100,000 | 835,000 | 2,055,000 | 3,075,000 |
| Pretax income | -630,000 | -1,878,000 | -3,670,000 | -4,971,000 |
| Income tax | 0 | 0 | 1,375,000 | 1,375,000 |
| Net income | -630,000 | -1,878,000 | -5,045,000 | -6,346,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,641,000 | 12,392,000 | 11,101,000 | 10,380,000 |
| Total capital | 14,058,000 | 13,745,000 | 12,442,000 | 11,670,000 |
| Risk-weighted assets | 112,754,000 | 107,458,000 | 105,810,000 | 101,406,000 |