Call reports 2023
FORTRESS BANK — 2023
What FORTRESS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 640,130,000 | 675,864,000 | 696,938,000 | 726,449,000 |
| Total loans | 505,034,000 | 528,703,000 | 563,506,000 | 586,300,000 |
| Allowance for loan losses | 6,561,000 | 6,819,000 | 7,094,000 | 7,316,000 |
| Securities available for sale | 69,812,000 | 68,707,000 | 68,842,000 | 69,420,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 520,030,000 | 577,916,000 | 572,059,000 | 590,384,000 |
| Interest-bearing deposits | 403,618,000 | 459,185,000 | 457,713,000 | 482,727,000 |
| Noninterest-bearing deposits | 116,411,000 | 118,730,000 | 114,346,000 | 107,657,000 |
| Equity capital | 60,840,000 | 62,501,000 | 64,880,000 | 70,058,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 7,604,000 | 16,148,000 | 25,570,000 | 35,533,000 |
| Interest expense | 2,614,000 | 6,159,000 | 10,376,000 | 15,211,000 |
| Net interest income | 4,990,000 | 9,989,000 | 15,194,000 | 20,322,000 |
| Noninterest income | 794,000 | 1,818,000 | 3,030,000 | 4,114,000 |
| Noninterest expense | 4,202,000 | 8,733,000 | 13,846,000 | 18,117,000 |
| Provision for loan losses | 273,000 | 546,000 | 819,000 | 1,092,000 |
| Pretax income | 1,309,000 | 2,528,000 | 3,559,000 | 5,227,000 |
| Income tax | 333,000 | -219,000 | -465,000 | -108,000 |
| Net income | 976,000 | 2,747,000 | 4,024,000 | 5,335,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,353,000 | 57,231,000 | 59,707,000 | 63,914,000 |
| Total capital | 62,087,000 | 64,312,000 | 67,164,000 | 71,592,000 |
| Risk-weighted assets | 538,497,000 | 566,370,000 | 597,113,000 | 616,257,000 |