Call reports 2021
FORTRESS BANK — 2021
What FORTRESS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 567,882,000 | 552,452,000 | 538,229,000 | 555,533,000 |
| Total loans | 416,738,000 | 407,690,000 | 406,272,000 | 431,782,000 |
| Allowance for loan losses | 5,630,000 | 5,697,000 | 5,730,000 | 5,777,000 |
| Securities available for sale | 61,569,000 | 72,958,000 | 71,321,000 | 69,518,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 250,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 448,426,000 | 444,820,000 | 433,003,000 | 448,773,000 |
| Interest-bearing deposits | 323,097,000 | 323,123,000 | 320,875,000 | 314,312,000 |
| Noninterest-bearing deposits | 125,330,000 | 121,697,000 | 112,128,000 | 134,461,000 |
| Equity capital | 53,178,000 | 54,472,000 | 55,613,000 | 56,708,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 4,359,000 | 8,805,000 | 13,502,000 | 19,150,000 |
| Interest expense | 489,000 | 909,000 | 1,323,000 | 1,672,000 |
| Net interest income | 3,870,000 | 7,896,000 | 12,179,000 | 17,478,000 |
| Noninterest income | 2,340,000 | 4,455,000 | 5,982,000 | 7,215,000 |
| Noninterest expense | 4,018,000 | 8,142,000 | 12,291,000 | 16,524,000 |
| Provision for loan losses | 312,000 | 541,000 | 627,000 | 927,000 |
| Pretax income | 1,880,000 | 3,668,000 | 5,243,000 | 7,243,000 |
| Income tax | 502,000 | 949,000 | 1,347,000 | 1,277,000 |
| Net income | 1,378,000 | 2,719,000 | 3,896,000 | 5,966,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,420,000 | 44,539,000 | 45,625,000 | 47,267,000 |
| Total capital | 48,703,000 | 50,025,000 | 51,270,000 | 53,029,000 |
| Risk-weighted assets | 422,289,000 | 438,636,000 | 451,521,000 | 460,906,000 |