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

 

 

March 31 (Unaudited1)

 

2007

   

2008

 

Cash Equivalents

47,221,906

 

24,376,478

Investment Securities

114,489,639

 

179,706,456

Loans, net of Reserve

353,112,200

 

343,126,320

Bank owned life insurance

6,756,340

 

7,041,990

Goodwill

4,696,250

 

4,687,349

Other Assets

5,975,168

 

6,843,835

 

Total Assets

532,251,503

 

565,782,428

 

 

Deposits

431,585,834

 

470,916,805

FHLB Advances

54,700,000

 

46,000,000

Other Liabilities

2,394,074

 

2,904,167

Shareholder's Equity

43,571,595

 

45,961,456

 

Total Liabilities & Equity

532,251,503

 

565,782,428

 

Selected Income Statement Information

 

March 31 (Unaudited1)

 

2007

   

2008

 

Net Interest Income

2,883,757

   

2,769,636

Non-Interest Income

699,432

 

700,784

Provision for Loan and Lease Losses

(633,456)

   

(898,290)

Non-Interest Expense

(2,031,894)

   

(2,235,678)

 

Net Income Before Taxes

917,839

   

336,452

 

Tax Benefit (Expense)

(229,594)

   

33,487

 

Net Income

688,245

   

369,939

 

 

 

 

Income per share:

 

 

 

Basic

0.37

 

0.20

 

 

 

 

Weighted average of shares outstanding:

 

 

 

Basic

1,862,300

 

1,872,739

 

 

1Financial results for the Bancorp are audited by external accountants on an annual basis; however, external auditors are not engaged to review quarterly information.

 

 

 

 

 

 

 
First Internet Bank of Indiana