Call reports 2024
FORTRESS BANK — 2024
What FORTRESS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 722,150,000 | 749,428,000 | 765,569,000 | 796,631,000 |
| Total loans | 585,914,000 | 618,640,000 | 625,752,000 | 644,368,000 |
| Allowance for loan losses | 7,220,000 | 7,187,000 | 7,508,000 | 7,868,000 |
| Securities available for sale | 69,507,000 | 69,244,000 | 69,888,000 | 70,932,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 612,466,000 | 627,014,000 | 642,579,000 | 657,449,000 |
| Interest-bearing deposits | 508,719,000 | 518,250,000 | 544,819,000 | 554,929,000 |
| Noninterest-bearing deposits | 103,747,000 | 108,763,000 | 97,760,000 | 102,520,000 |
| Equity capital | 70,930,000 | 72,392,000 | 74,070,000 | 76,470,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 10,158,000 | 20,876,000 | 32,001,000 | 43,269,000 |
| Interest expense | 5,052,000 | 10,374,000 | 15,867,000 | 21,212,000 |
| Net interest income | 5,106,000 | 10,502,000 | 16,134,000 | 22,057,000 |
| Noninterest income | 1,040,000 | 2,368,000 | 3,750,000 | 9,834,000 |
| Noninterest expense | 4,501,000 | 9,241,000 | 14,132,000 | 22,773,000 |
| Provision for loan losses | 322,000 | 742,000 | 1,162,000 | 5,167,000 |
| Pretax income | 1,323,000 | 2,887,000 | 4,590,000 | 4,251,000 |
| Income tax | 345,000 | 729,000 | 1,192,000 | -280,000 |
| Net income | 978,000 | 2,158,000 | 3,398,000 | 4,531,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,789,000 | 65,867,000 | 67,003,000 | 70,118,000 |
| Total capital | 72,371,000 | 73,416,000 | 74,873,000 | 78,049,000 |
| Risk-weighted assets | 609,929,000 | 639,504,000 | 649,622,000 | 665,918,000 |