Call reports 2016
FORTRESS BANK — 2016
What FORTRESS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 340,761,000 | 342,501,000 | 343,550,000 | 360,718,000 |
| Total loans | 256,189,000 | 266,248,000 | 262,359,000 | 274,420,000 |
| Allowance for loan losses | 2,931,000 | 2,994,000 | 3,039,000 | 3,200,000 |
| Securities available for sale | 33,585,000 | 33,056,000 | 30,489,000 | 35,204,000 |
| Securities held to maturity | 6,034,000 | 5,963,000 | 5,882,000 | 5,811,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 286,374,000 | 281,184,000 | 282,551,000 | 303,416,000 |
| Interest-bearing deposits | 244,856,000 | 239,675,000 | 239,929,000 | 255,436,000 |
| Noninterest-bearing deposits | 41,518,000 | 41,509,000 | 42,622,000 | 47,980,000 |
| Equity capital | 36,054,000 | 36,571,000 | 41,983,000 | 43,030,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,072,000 | 6,297,000 | 9,486,000 | 12,765,000 |
| Interest expense | 391,000 | 796,000 | 1,204,000 | 1,621,000 |
| Net interest income | 2,681,000 | 5,501,000 | 8,282,000 | 11,144,000 |
| Noninterest income | 709,000 | 1,452,000 | 2,204,000 | 3,509,000 |
| Noninterest expense | 2,376,000 | 4,880,000 | 7,344,000 | 10,174,000 |
| Provision for loan losses | 203,000 | 261,000 | 319,000 | 465,000 |
| Pretax income | 811,000 | 1,812,000 | 2,823,000 | 4,014,000 |
| Income tax | 290,000 | 652,000 | 1,026,000 | 1,478,000 |
| Net income | 521,000 | 1,160,000 | 1,797,000 | 2,536,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,264,000 | 26,750,000 | 32,253,000 | 33,741,000 |
| Total capital | 29,195,000 | 29,744,000 | 35,292,000 | 36,941,000 |
| Risk-weighted assets | 247,877,000 | 256,291,000 | 254,619,000 | 288,069,000 |