Call reports 2017
FORTRESS BANK — 2017
What FORTRESS BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 362,492,000 | 368,829,000 | 391,492,000 | 408,053,000 |
| Total loans | 271,602,000 | 269,434,000 | 284,032,000 | 297,374,000 |
| Allowance for loan losses | 3,326,000 | 3,335,000 | 3,417,000 | 3,405,000 |
| Securities available for sale | 39,311,000 | 44,041,000 | 57,998,000 | 57,536,000 |
| Securities held to maturity | 5,744,000 | 5,672,000 | 5,610,000 | 5,560,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 302,950,000 | 298,300,000 | 324,574,000 | 355,794,000 |
| Interest-bearing deposits | 248,918,000 | 250,014,000 | 279,362,000 | 300,162,000 |
| Noninterest-bearing deposits | 54,032,000 | 48,286,000 | 45,213,000 | 55,632,000 |
| Equity capital | 43,117,000 | 43,601,000 | 43,795,000 | 43,928,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,246,000 | 6,531,000 | 10,096,000 | 13,924,000 |
| Interest expense | 425,000 | 898,000 | 1,493,000 | 2,200,000 |
| Net interest income | 2,821,000 | 5,633,000 | 8,603,000 | 11,724,000 |
| Noninterest income | 723,000 | 1,540,000 | 2,410,000 | 3,238,000 |
| Noninterest expense | 2,630,000 | 5,250,000 | 7,853,000 | 10,606,000 |
| Provision for loan losses | 120,000 | 120,000 | 200,000 | 347,000 |
| Pretax income | 794,000 | 1,803,000 | 2,970,000 | 4,034,000 |
| Income tax | 275,000 | 636,000 | 1,013,000 | 1,008,000 |
| Net income | 519,000 | 1,167,000 | 1,957,000 | 3,026,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,658,000 | 33,903,000 | 34,290,000 | 34,906,000 |
| Total capital | 36,984,000 | 37,238,000 | 37,707,000 | 38,311,000 |
| Risk-weighted assets | 273,805,000 | 273,040,000 | 293,876,000 | 313,008,000 |