Call reports 2022
FORTRESS BANK — 2022
What FORTRESS BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 536,707,000 | 568,432,000 | 576,443,000 | 619,628,000 |
| Total loans | 404,171,000 | 427,039,000 | 438,098,000 | 484,621,000 |
| Allowance for loan losses | 5,842,000 | 5,898,000 | 6,022,000 | 6,151,000 |
| Securities available for sale | 71,324,000 | 68,431,000 | 70,600,000 | 69,667,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 427,383,000 | 501,320,000 | 495,896,000 | 509,490,000 |
| Interest-bearing deposits | 303,474,000 | 373,578,000 | 383,671,000 | 378,372,000 |
| Noninterest-bearing deposits | 123,910,000 | 127,742,000 | 112,225,000 | 131,118,000 |
| Equity capital | 55,168,000 | 54,210,000 | 53,969,000 | 56,722,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 4,532,000 | 9,553,000 | 15,086,000 | 21,663,000 |
| Interest expense | 278,000 | 691,000 | 1,606,000 | 3,508,000 |
| Net interest income | 4,254,000 | 8,862,000 | 13,480,000 | 18,155,000 |
| Noninterest income | 904,000 | 2,853,000 | 3,737,000 | 4,381,000 |
| Noninterest expense | 3,823,000 | 7,797,000 | 11,895,000 | 15,793,000 |
| Provision for loan losses | 126,000 | 252,000 | 368,000 | 494,000 |
| Pretax income | 1,209,000 | 3,666,000 | 4,954,000 | 6,249,000 |
| Income tax | 310,000 | 950,000 | 1,289,000 | 1,618,000 |
| Net income | 899,000 | 2,716,000 | 3,665,000 | 4,631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,081,000 | 49,211,000 | 49,822,000 | 52,450,000 |
| Total capital | 53,572,000 | 55,026,000 | 55,795,000 | 58,602,000 |
| Risk-weighted assets | 438,929,000 | 465,236,000 | 477,811,000 | 515,913,000 |