First Internet Bank of Indiana
     

 

 

Financial Statements

In compliance with its Investor Relations Policy, the Bancorp does not mail quarterly reports or other financial updates to shareholders. Summary financial information for the most recent quarter is below. You may also review full, audited financial statements in PDF file format (requires Adobe Acrobat or Acrobat Reader).

 

Selected Balance Sheet Information

 

 

December 31

 

2008

   

2009

 

Cash Equivalents

25,779,837

 

30,016,044

Investment Securities

168,806,509

 

133,583,840

Loans, net of Reserve

324,370,456

 

312,607,696

Bank owned life insurance

7,267,261

 

7,574,415

Goodwill

4,687,349

 

4,687,349

Other Assets

12,132,315

 

16,145,978

 

Total Assets

543,043,727

 

504,615,322

 

 

Deposits

439,241,806

 

411,627,338

FHLB Advances

57,000,000

 

47,000,000

Other Liabilities

1,390,594

 

1,224,136

Shareholder's Equity

45,411,327

 

44,763,848

 

Total Liabilities & Equity

543,043,727

 

504,615,322

 

Selected Income Statement Information

 

Year Ended December 31

 

2008

   

2009

 

Net Interest Income

12,282,221

   

13,748,059

Non-Interest Income

2,585,074

 

2,903,331

Provision for Loan and Lease Losses

(4,818,969)

   

(11,563,786)

Non-Interest Expense

(8,481,377)

   

(9,341,343)

 

Net Income (Loss) Before Taxes

1,566,949

   

(4,253,739)

 

Tax Benefit

9,096

   

2,135,711

 

Net Income (Loss)

1,576,045

   

(2,118,028)

 

 

 

 

Income per share:

 

 

 

Basic

0.84

 

(1.12)

Diluted

0.84

 

(1.12)

Weighted average of shares outstanding:

 

 

 

Basic

1,878,466

 

1,892,082

Diluted

1,886,466

 

1,892,082

 

 

 

 

 

 

 

 
First Internet Bank of Indiana