Call reports 2013
FORTRESS BANK — 2013
What FORTRESS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 267,722,000 | 275,252,000 | 275,453,000 | 280,006,000 |
| Total loans | 190,145,000 | 196,078,000 | 197,278,000 | 203,215,000 |
| Allowance for loan losses | 2,231,000 | 2,259,000 | 2,327,000 | 2,464,000 |
| Securities available for sale | 38,063,000 | 36,116,000 | 35,039,000 | 33,520,000 |
| Securities held to maturity | 7,059,000 | 6,881,000 | 7,242,000 | 7,383,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 219,402,000 | 226,851,000 | 227,406,000 | 226,083,000 |
| Interest-bearing deposits | 182,409,000 | 191,654,000 | 191,817,000 | 190,856,000 |
| Noninterest-bearing deposits | 36,993,000 | 35,197,000 | 35,589,000 | 35,227,000 |
| Equity capital | 33,949,000 | 33,572,000 | 33,442,000 | 33,512,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,469,000 | 4,989,000 | 7,582,000 | 10,036,000 |
| Interest expense | 343,000 | 661,000 | 973,000 | 1,272,000 |
| Net interest income | 2,126,000 | 4,328,000 | 6,609,000 | 8,764,000 |
| Noninterest income | 475,000 | 979,000 | 1,467,000 | 1,916,000 |
| Noninterest expense | 1,942,000 | 3,730,000 | 5,696,000 | 7,560,000 |
| Provision for loan losses | 113,000 | 338,000 | 400,000 | 583,000 |
| Pretax income | 569,000 | 1,263,000 | 2,004,000 | 2,557,000 |
| Income tax | 207,000 | 469,000 | 752,000 | 980,000 |
| Net income | 362,000 | 794,000 | 1,252,000 | 1,577,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,668,000 | 22,701,000 | 22,863,000 | 22,965,000 |
| Total capital | 24,899,000 | 24,960,000 | 25,190,000 | 25,429,000 |
| Risk-weighted assets | 199,634,000 | 205,385,000 | 208,076,000 | 210,266,000 |