Call reports 2018
FORTRESS BANK — 2018
What FORTRESS BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 409,290,000 | 410,164,000 | 419,630,000 | 429,797,000 |
| Total loans | 303,019,000 | 309,874,000 | 319,051,000 | 329,566,000 |
| Allowance for loan losses | 3,572,000 | 3,671,000 | 3,698,000 | 3,747,000 |
| Securities available for sale | 55,964,000 | 54,395,000 | 52,413,000 | 50,179,000 |
| Securities held to maturity | 5,262,000 | 4,520,000 | 4,478,000 | 4,441,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 348,498,000 | 349,778,000 | 359,952,000 | 368,245,000 |
| Interest-bearing deposits | 297,220,000 | 294,245,000 | 308,652,000 | 309,832,000 |
| Noninterest-bearing deposits | 51,278,000 | 55,533,000 | 51,300,000 | 58,413,000 |
| Equity capital | 43,317,000 | 43,324,000 | 43,302,000 | 44,242,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,823,000 | 7,817,000 | 12,050,000 | 16,527,000 |
| Interest expense | 748,000 | 1,641,000 | 2,691,000 | 3,918,000 |
| Net interest income | 3,075,000 | 6,176,000 | 9,359,000 | 12,609,000 |
| Noninterest income | 683,000 | 1,542,000 | 2,366,000 | 3,061,000 |
| Noninterest expense | 2,822,000 | 5,673,000 | 8,625,000 | 11,370,000 |
| Provision for loan losses | 150,000 | 245,000 | 270,000 | 400,000 |
| Pretax income | 786,000 | 1,800,000 | 2,833,000 | 3,903,000 |
| Income tax | 167,000 | 412,000 | 650,000 | 844,000 |
| Net income | 619,000 | 1,388,000 | 2,183,000 | 3,059,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,978,000 | 35,048,000 | 35,392,000 | 35,817,000 |
| Total capital | 38,550,000 | 38,719,000 | 39,090,000 | 39,564,000 |
| Risk-weighted assets | 318,727,000 | 332,058,000 | 331,773,000 | 337,300,000 |