Call reports 2014
FORTRESS BANK — 2014
What FORTRESS BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 280,827,000 | 293,196,000 | 300,593,000 | 311,754,000 |
| Total loans | 204,041,000 | 211,848,000 | 219,605,000 | 228,698,000 |
| Allowance for loan losses | 2,328,000 | 2,343,000 | 2,412,000 | 2,526,000 |
| Securities available for sale | 35,022,000 | 36,056,000 | 35,217,000 | 33,885,000 |
| Securities held to maturity | 7,290,000 | 6,640,000 | 6,519,000 | 6,426,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 234,944,000 | 243,916,000 | 244,828,000 | 245,419,000 |
| Interest-bearing deposits | 197,917,000 | 200,931,000 | 204,527,000 | 202,313,000 |
| Noninterest-bearing deposits | 37,028,000 | 42,985,000 | 40,301,000 | 43,106,000 |
| Equity capital | 33,658,000 | 34,060,000 | 34,418,000 | 34,757,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,475,000 | 4,895,000 | 7,596,000 | 10,311,000 |
| Interest expense | 288,000 | 576,000 | 872,000 | 1,174,000 |
| Net interest income | 2,187,000 | 4,319,000 | 6,724,000 | 9,137,000 |
| Noninterest income | 422,000 | 1,150,000 | 1,940,000 | 2,709,000 |
| Noninterest expense | 1,930,000 | 3,953,000 | 6,079,000 | 8,343,000 |
| Provision for loan losses | 321,000 | 331,000 | 430,000 | 551,000 |
| Pretax income | 363,000 | 1,266,000 | 2,236,000 | 3,077,000 |
| Income tax | 120,000 | 444,000 | 802,000 | 1,107,000 |
| Net income | 243,000 | 822,000 | 1,434,000 | 1,970,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,147,000 | 23,474,000 | 23,951,000 | 24,329,000 |
| Total capital | 25,475,000 | 25,817,000 | 26,363,000 | 26,855,000 |
| Risk-weighted assets | 211,684,000 | 215,101,000 | 222,914,000 | 230,840,000 |