Call reports 2008
FORTRESS BANK — 2008
What FORTRESS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 183,011,000 | 177,162,000 | 200,031,000 | 234,809,000 |
| Total loans | 118,393,000 | 118,084,000 | 125,187,000 | 148,492,000 |
| Allowance for loan losses | 744,000 | 784,000 | 668,000 | 791,000 |
| Securities available for sale | 46,171,000 | 43,922,000 | 50,305,000 | 58,002,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,290,000 | 150,884,000 | 151,948,000 | 184,200,000 |
| Interest-bearing deposits | 131,564,000 | 133,972,000 | 135,991,000 | 159,696,000 |
| Noninterest-bearing deposits | 20,726,000 | 16,912,000 | 15,957,000 | 24,504,000 |
| Equity capital | 16,530,000 | 16,302,000 | 26,633,000 | 31,554,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,597,000 | 5,118,000 | 1,664,000 | 4,722,000 |
| Interest expense | 1,215,000 | 2,289,000 | 683,000 | 1,805,000 |
| Net interest income | 1,382,000 | 2,829,000 | 981,000 | 2,917,000 |
| Noninterest income | 228,000 | 485,000 | 161,000 | 291,000 |
| Noninterest expense | 1,158,000 | 2,252,000 | 789,000 | 2,741,000 |
| Provision for loan losses | 12,000 | 76,000 | 8,000 | 112,000 |
| Pretax income | 317,000 | 863,000 | 345,000 | 349,000 |
| Income tax | 123,000 | 237,000 | 94,000 | -38,000 |
| Net income | 194,000 | 626,000 | 251,000 | 387,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,214,000 | 12,646,000 | 13,815,000 | 15,784,000 |
| Total capital | 12,958,000 | 13,430,000 | 14,483,000 | 16,575,000 |
| Risk-weighted assets | 129,448,000 | 127,545,000 | 138,922,000 | 163,066,000 |