Call reports 2020
FORTRESS BANK — 2020
What FORTRESS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 475,286,000 | 521,392,000 | 552,516,000 | 528,214,000 |
| Total loans | 374,084,000 | 411,028,000 | 420,861,000 | 417,691,000 |
| Allowance for loan losses | 4,645,000 | 4,810,000 | 5,378,000 | 5,518,000 |
| Securities available for sale | 53,577,000 | 54,058,000 | 57,962,000 | 62,665,000 |
| Securities held to maturity | 3,408,000 | 2,377,000 | 2,376,000 | 1,001,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 380,526,000 | 395,641,000 | 422,640,000 | 404,484,000 |
| Interest-bearing deposits | 312,876,000 | 306,332,000 | 325,516,000 | 307,473,000 |
| Noninterest-bearing deposits | 67,650,000 | 89,309,000 | 97,124,000 | 97,011,000 |
| Equity capital | 48,410,000 | 50,817,000 | 51,709,000 | 52,500,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,994,000 | 10,974,000 | 15,620,000 | 20,007,000 |
| Interest expense | 1,164,000 | 1,940,000 | 2,619,000 | 3,203,000 |
| Net interest income | 3,830,000 | 9,034,000 | 13,001,000 | 16,804,000 |
| Noninterest income | 618,000 | 1,599,000 | 3,946,000 | 6,323,000 |
| Noninterest expense | 3,238,000 | 6,899,000 | 11,030,000 | 15,819,000 |
| Provision for loan losses | 180,000 | 860,000 | 1,055,000 | 1,250,000 |
| Pretax income | 1,031,000 | 2,881,000 | 4,869,000 | 6,068,000 |
| Income tax | 253,000 | 711,000 | 1,213,000 | 1,531,000 |
| Net income | 778,000 | 2,170,000 | 3,656,000 | 4,537,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,318,000 | 40,391,000 | 41,342,000 | 42,118,000 |
| Total capital | 43,963,000 | 45,164,000 | 46,385,000 | 47,224,000 |
| Risk-weighted assets | 385,191,000 | 381,762,000 | 403,132,000 | 408,039,000 |