IBKC » Topics » Balance Sheet And Yields

This excerpt taken from the IBKC 8-K filed Jan 23, 2008.

Balance Sheet And Yields

Total assets climbed $95 million, or 2%, since September 30, 2007 to $4.9 billion. Shareholders’ equity increased $16 million, or 3%, during this period to $498 million at December 31, 2007.

This excerpt taken from the IBKC 8-K filed Oct 25, 2007.

Balance Sheet And Yields

Total assets climbed $90 million, or 2%, since June 30, 2007 to $4.8 billion. Shareholders’ equity increased $10 million, or 2%, during this period to $482 million at September 30, 2007.

This excerpt taken from the IBKC 8-K filed Jul 25, 2007.

Balance Sheet And Yields

Total assets climbed $150 million, or 3%, since March 31, 2007 to $4.7 billion. Shareholders’ equity remained relatively stable during this period at $472 million at June 30, 2007.

This excerpt taken from the IBKC 8-K filed Apr 26, 2007.

Balance Sheet And Yields

Total assets climbed to $4.6 billion, loans were $3.0 billion, deposits were $3.5 billion, and shareholders’ equity was $472 million at March 31, 2007; increases of 43%, 36%, 44%, and 48%, respectively, compared to December 31, 2006.

Total loan growth increased $801 million, or 36%, compared to year-end 2006. Excluding the acquisitions, the comparable figures were $37 million, or 2%, growth since year-end 2006. On this organic growth basis, commercial loans climbed $18 million, or 1%, consumer loans increased $5 million, or 1%, residential mortgage loans increased $14 million, or 3%. The loan mix remained relatively unchanged after the acquisitions. The Company’s loans-to-deposits ratio declined from 92.2% at year-end 2006 to 86.9% at March 31, 2007.

 

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This excerpt taken from the IBKC 8-K filed Jan 18, 2007.

Balance Sheet And Yields

Total assets climbed to $3.2 billion, deposits were $2.4 billion and loans were $2.2 billion at December 31, 2006; increases of 3%, 1%, and 3%, respectively, compared to September 30, 2006.

Total loan growth increased $61 million, or 3%, compared to September 30, 2006. During the period, commercial loans climbed $87 million, or 8%, residential mortgage loans decreased $41 million, or 9% due to a significant loan sale, and construction loans grew $7 million, or 18%. Construction loans accounted for only 2% of total loans and only 15% of total regulatory capital at December 31, 2006. Consumer loans increased $7 million, or 1%, during the fourth quarter. The reported yield on average loans decreased 25 basis points on a linked quarter basis, and was up one basis point excluding the accelerated loan discount recorded in the third quarter.

Average investment portfolio volume decreased $11 million on a linked quarter basis to $608 million. On a period-end basis, the investment portfolio declined further to $581 million at December 31, 2006. The investment portfolio equated to 18% of total assets, down from 19% at September 30, 2006. The Company’s investment portfolio shortened significantly during the quarter. At December 31, 2006, the portfolio had a modified duration of 2.6 years, compared to 3.1 years at September 30, 2006. The Company’s investment portfolio has very limited extension risk. At current projected speeds, the portfolio is expected to generate approximately $252 million in cash flows, or about 43% of the portfolio, over the next 24 months. The portfolio had an unrealized loss of approximately $5 million at December 31, 2006, compared to an unrealized loss of approximately $10 million at September 30, 2006 and a loss of $20 million at June 30, 2006. The average yield on investment securities increased 6 basis points on a linked quarter basis.

The Company continued to experience good deposit growth for the sixth consecutive quarter. Average deposits grew $54 million, or 2%, on a linked quarter basis. The cost of interest bearing liabilities in the fourth quarter of 2006 was 3.48%, an increase of 23 basis points on a linked quarter basis. The primary reasons for the elevated interest expense structure were a change in the mix of deposits and competitive pricing pressures. Average noninterest bearing deposits increased $8 million, or 2%, on a linked quarter basis.

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