Call reports 2007
FORTRESS BANK — 2007
What FORTRESS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 174,615,000 | 171,801,000 | 178,059,000 | 181,035,000 |
| Total loans | 112,143,000 | 107,366,000 | 109,724,000 | 110,785,000 |
| Allowance for loan losses | 646,000 | 665,000 | 729,000 | 741,000 |
| Securities available for sale | 46,879,000 | 49,952,000 | 50,980,000 | 50,069,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 149,103,000 | 146,968,000 | 151,265,000 | 147,691,000 |
| Interest-bearing deposits | 132,152,000 | 130,032,000 | 134,378,000 | 126,216,000 |
| Noninterest-bearing deposits | 16,951,000 | 16,936,000 | 16,887,000 | 21,475,000 |
| Equity capital | 15,066,000 | 15,019,000 | 14,964,000 | 15,810,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,559,000 | 5,237,000 | 7,888,000 | 10,538,000 |
| Interest expense | 1,300,000 | 2,646,000 | 4,001,000 | 5,341,000 |
| Net interest income | 1,259,000 | 2,591,000 | 3,887,000 | 5,197,000 |
| Noninterest income | 223,000 | 460,000 | 688,000 | 930,000 |
| Noninterest expense | 1,007,000 | 2,018,000 | 3,055,000 | 4,141,000 |
| Provision for loan losses | 23,000 | 47,000 | 110,000 | 126,000 |
| Pretax income | 512,000 | 1,046,000 | 1,470,000 | 1,920,000 |
| Income tax | 115,000 | 240,000 | 338,000 | 429,000 |
| Net income | 397,000 | 806,000 | 1,132,000 | 1,491,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,706,000 | 12,115,000 | 11,590,000 | 12,020,000 |
| Total capital | 12,352,000 | 12,780,000 | 12,319,000 | 12,761,000 |
| Risk-weighted assets | 118,853,000 | 116,484,000 | 120,820,000 | 123,407,000 |