Call reports 2014
INDEPENDENCE NATIONAL BANK — 2014
What INDEPENDENCE NATIONAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 96,511,000 | 98,523,000 | 99,925,000 | 98,847,000 |
| Total loans | 64,943,000 | 65,798,000 | 66,951,000 | 69,027,000 |
| Allowance for loan losses | 1,200,000 | 1,129,000 | 1,168,000 | 1,033,000 |
| Securities available for sale | 20,056,000 | 20,037,000 | 19,772,000 | 15,616,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,852,000 | 88,159,000 | 84,512,000 | 83,008,000 |
| Interest-bearing deposits | 73,903,000 | 75,982,000 | 73,345,000 | 71,858,000 |
| Noninterest-bearing deposits | 12,949,000 | 12,177,000 | 11,167,000 | 11,150,000 |
| Equity capital | 9,469,000 | 9,950,000 | 10,219,000 | 10,553,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 981,000 | 1,974,000 | 2,988,000 | 3,941,000 |
| Interest expense | 75,000 | 146,000 | 221,000 | 298,000 |
| Net interest income | 906,000 | 1,828,000 | 2,767,000 | 3,643,000 |
| Noninterest income | 84,000 | 182,000 | 283,000 | 367,000 |
| Noninterest expense | 946,000 | 1,931,000 | 2,881,000 | 3,814,000 |
| Provision for loan losses | 0 | -30,000 | -30,000 | -30,000 |
| Pretax income | 44,000 | 109,000 | 199,000 | 226,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 44,000 | 109,000 | 199,000 | 226,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,355,000 | 10,425,000 | 10,520,000 | 10,552,000 |
| Total capital | 11,264,000 | 11,348,000 | 11,454,000 | 11,495,000 |
| Risk-weighted assets | 72,439,000 | 73,622,000 | 74,514,000 | 75,349,000 |