Call reports 2019
FORTRESS BANK — 2019
What FORTRESS BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 442,233,000 | 438,674,000 | 446,633,000 | 473,977,000 |
| Total loans | 336,432,000 | 339,223,000 | 344,903,000 | 368,927,000 |
| Allowance for loan losses | 3,902,000 | 4,103,000 | 4,345,000 | 4,453,000 |
| Securities available for sale | 49,457,000 | 50,874,000 | 54,370,000 | 56,907,000 |
| Securities held to maturity | 4,160,000 | 3,843,000 | 3,410,000 | 3,409,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 375,478,000 | 372,902,000 | 379,636,000 | 395,612,000 |
| Interest-bearing deposits | 319,656,000 | 320,107,000 | 321,199,000 | 330,621,000 |
| Noninterest-bearing deposits | 55,822,000 | 52,795,000 | 58,437,000 | 64,991,000 |
| Equity capital | 45,088,000 | 46,168,000 | 46,743,000 | 48,288,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 4,625,000 | 9,403,000 | 14,196,000 | 19,076,000 |
| Interest expense | 1,259,000 | 2,557,000 | 3,835,000 | 5,070,000 |
| Net interest income | 3,366,000 | 6,846,000 | 10,361,000 | 14,006,000 |
| Noninterest income | 645,000 | 1,650,000 | 2,665,000 | 3,596,000 |
| Noninterest expense | 2,896,000 | 5,860,000 | 8,941,000 | 12,138,000 |
| Provision for loan losses | 159,000 | 318,000 | 530,000 | 689,000 |
| Pretax income | 956,000 | 2,318,000 | 3,553,000 | 4,773,000 |
| Income tax | 223,000 | 559,000 | 867,000 | 1,141,000 |
| Net income | 733,000 | 1,759,000 | 2,686,000 | 3,632,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,142,000 | 36,559,000 | 37,023,000 | 38,711,000 |
| Total capital | 40,044,000 | 40,662,000 | 41,368,000 | 43,164,000 |
| Risk-weighted assets | 346,585,000 | 347,557,000 | 353,638,000 | 379,669,000 |