secwatch.observer — SEC 8-K summary
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Issuer:     First Internet Bancorp (INBK)
CIK:        0001562463
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001562463-23-000048
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 2.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

First Internet Bancorp adds $2.2M charge-off, posts Q1 net loss $3.0M; deposits up 5%
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- Additional partial charge-off of $2.2M on a participation loan; total impairment of $6.9M.
- Q1 net loss of $3.0M, diluted EPS loss $0.33; shareholders' equity $355.6M.
- Deposit balances of $3.8B as of Apr 30, up $182.2M (5.0%) from Mar 31.
- Loans-to-deposits ratio 95.5% at Apr 30, down from 99.6% at Mar 31.
- Nonperforming loans to loans 0.26%, nonperforming assets to assets 0.19%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562463/000156246323000048/0001562463-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562463/000156246323000048/inbk-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001562463-23-000048

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