Call reports 2010
FORTRESS BANK — 2010
What FORTRESS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 224,305,000 | 241,024,000 | 240,114,000 | 252,019,000 |
| Total loans | 165,107,000 | 168,834,000 | 174,196,000 | 180,242,000 |
| Allowance for loan losses | 1,715,000 | 1,804,000 | 2,023,000 | 1,814,000 |
| Securities available for sale | 30,250,000 | 33,785,000 | 37,806,000 | 38,208,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 186,194,000 | 201,400,000 | 200,109,000 | 209,503,000 |
| Interest-bearing deposits | 162,654,000 | 178,435,000 | 176,974,000 | 181,252,000 |
| Noninterest-bearing deposits | 23,540,000 | 22,965,000 | 23,135,000 | 28,251,000 |
| Equity capital | 31,455,000 | 31,632,000 | 31,940,000 | 32,009,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,563,000 | 5,209,000 | 7,956,000 | 10,724,000 |
| Interest expense | 625,000 | 1,287,000 | 1,936,000 | 2,551,000 |
| Net interest income | 1,938,000 | 3,922,000 | 6,020,000 | 8,173,000 |
| Noninterest income | 314,000 | 636,000 | 996,000 | 1,396,000 |
| Noninterest expense | 1,828,000 | 3,750,000 | 5,704,000 | 7,638,000 |
| Provision for loan losses | 85,000 | 145,000 | 246,000 | 372,000 |
| Pretax income | 392,000 | 750,000 | 1,153,000 | 1,646,000 |
| Income tax | 161,000 | 302,000 | 466,000 | 667,000 |
| Net income | 231,000 | 448,000 | 687,000 | 979,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,849,000 | 19,203,000 | 19,579,000 | 20,002,000 |
| Total capital | 20,564,000 | 21,007,000 | 21,602,000 | 21,816,000 |
| Risk-weighted assets | 171,552,000 | 177,494,000 | 181,396,000 | 186,936,000 |