Call reports 2002
FORTRESS BANK — 2002
What FORTRESS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 124,754,000 | 124,069,000 | 129,114,000 | 132,554,000 |
| Total loans | 75,659,000 | 75,958,000 | 78,602,000 | 81,040,000 |
| Allowance for loan losses | 522,000 | 537,000 | 546,000 | 552,000 |
| Securities available for sale | 34,095,000 | 34,266,000 | 34,235,000 | 37,411,000 |
| Securities held to maturity | 50,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,448,000 | 108,245,000 | 111,038,000 | 110,267,000 |
| Interest-bearing deposits | 92,834,000 | 97,654,000 | 96,872,000 | 96,611,000 |
| Noninterest-bearing deposits | 11,614,000 | 10,591,000 | 14,166,000 | 13,656,000 |
| Equity capital | 11,976,000 | 12,343,000 | 13,123,000 | 12,911,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,936,000 | 3,817,000 | 5,717,000 | 7,615,000 |
| Interest expense | 807,000 | 1,570,000 | 2,299,000 | 3,007,000 |
| Net interest income | 1,129,000 | 2,247,000 | 3,418,000 | 4,608,000 |
| Noninterest income | 176,000 | 336,000 | 522,000 | 685,000 |
| Noninterest expense | 850,000 | 1,731,000 | 2,573,000 | 3,496,000 |
| Provision for loan losses | 18,000 | 36,000 | 54,000 | 72,000 |
| Pretax income | 437,000 | 816,000 | 1,328,000 | 1,740,000 |
| Income tax | 98,000 | 174,000 | 303,000 | 393,000 |
| Net income | 339,000 | 642,000 | 1,025,000 | 1,347,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,587,000 | 8,569,000 | 8,954,000 | 8,929,000 |
| Total capital | 9,109,000 | 9,106,000 | 9,500,000 | 9,481,000 |
| Risk-weighted assets | 84,368,000 | 84,251,000 | 87,546,000 | 90,708,000 |