Call reports 2011
INDEPENDENCE NATIONAL BANK — 2011
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 120,635,000 | 116,699,000 | 113,099,000 | 112,305,000 |
| Total loans | 90,430,000 | 84,398,000 | 82,718,000 | 76,889,000 |
| Allowance for loan losses | 3,124,000 | 2,436,000 | 2,351,000 | 2,110,000 |
| Securities available for sale | 10,178,000 | 10,053,000 | 9,096,000 | 12,621,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,494,000 | 100,172,000 | 96,592,000 | 96,604,000 |
| Interest-bearing deposits | 97,572,000 | 93,502,000 | 89,983,000 | 89,565,000 |
| Noninterest-bearing deposits | 6,922,000 | 6,670,000 | 6,609,000 | 7,039,000 |
| Equity capital | 8,938,000 | 9,051,000 | 9,137,000 | 8,393,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,204,000 | 2,353,000 | 3,595,000 | 4,742,000 |
| Interest expense | 440,000 | 843,000 | 1,200,000 | 1,512,000 |
| Net interest income | 764,000 | 1,510,000 | 2,395,000 | 3,230,000 |
| Noninterest income | 49,000 | 207,000 | 234,000 | 276,000 |
| Noninterest expense | 1,424,000 | 2,356,000 | 3,341,000 | 4,888,000 |
| Provision for loan losses | 870,000 | 810,000 | 730,000 | 730,000 |
| Pretax income | -1,481,000 | -1,449,000 | -1,409,000 | -2,079,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -1,481,000 | -1,449,000 | -1,409,000 | -2,079,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,903,000 | 8,939,000 | 8,978,000 | 8,308,000 |
| Total capital | 10,161,000 | 10,137,000 | 10,150,000 | 9,420,000 |
| Risk-weighted assets | 98,810,000 | 94,585,000 | 92,510,000 | 87,917,000 |