Call reports 2009
FORTRESS BANK — 2009
What FORTRESS BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 234,434,000 | 221,073,000 | 224,648,000 | 224,677,000 |
| Total loans | 155,940,000 | 153,816,000 | 155,170,000 | 162,831,000 |
| Allowance for loan losses | 2,675,000 | 1,056,000 | 1,202,000 | 1,628,000 |
| Securities available for sale | 49,058,000 | 38,126,000 | 39,154,000 | 32,728,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 195,251,000 | 182,543,000 | 186,936,000 | 185,820,000 |
| Interest-bearing deposits | 172,023,000 | 159,298,000 | 163,427,000 | 158,979,000 |
| Noninterest-bearing deposits | 23,228,000 | 23,245,000 | 23,509,000 | 26,841,000 |
| Equity capital | 31,143,000 | 30,990,000 | 31,391,000 | 31,249,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,747,000 | 5,384,000 | 8,039,000 | 10,715,000 |
| Interest expense | 976,000 | 1,826,000 | 2,569,000 | 3,236,000 |
| Net interest income | 1,771,000 | 3,558,000 | 5,470,000 | 7,479,000 |
| Noninterest income | 323,000 | 603,000 | 904,000 | 1,312,000 |
| Noninterest expense | 1,716,000 | 3,912,000 | 5,755,000 | 7,744,000 |
| Provision for loan losses | 1,933,000 | 3,589,000 | 3,743,000 | 4,255,000 |
| Pretax income | -1,555,000 | -3,233,000 | -3,017,000 | -2,782,000 |
| Income tax | -574,000 | -1,476,000 | -1,371,000 | -1,319,000 |
| Net income | -981,000 | -1,757,000 | -1,646,000 | -1,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,207,000 | 17,280,000 | 17,542,000 | 17,784,000 |
| Total capital | 19,284,000 | 18,336,000 | 18,744,000 | 19,412,000 |
| Risk-weighted assets | 165,589,000 | 161,639,000 | 163,919,000 | 172,948,000 |