Call reports 2007
FORTUNEBANK — 2007
What FORTUNEBANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 76,225,000 | 82,950,000 | 97,507,000 | 106,770,000 |
| Total loans | 59,226,000 | 67,778,000 | 76,321,000 | 87,221,000 |
| Allowance for loan losses | 592,000 | 678,000 | 763,000 | 887,000 |
| Securities available for sale | 3,705,000 | 3,687,000 | 3,711,000 | 4,828,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,511,000 | 72,154,000 | 81,490,000 | 90,127,000 |
| Interest-bearing deposits | 62,868,000 | 65,393,000 | 78,474,000 | 85,626,000 |
| Noninterest-bearing deposits | 2,643,000 | 6,761,000 | 3,016,000 | 4,501,000 |
| Equity capital | 10,363,000 | 10,467,000 | 10,600,000 | 10,738,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,254,000 | 2,707,000 | 4,378,000 | 6,201,000 |
| Interest expense | 714,000 | 1,545,000 | 2,514,000 | 3,537,000 |
| Net interest income | 540,000 | 1,162,000 | 1,864,000 | 2,664,000 |
| Noninterest income | 352,000 | 695,000 | 972,000 | 1,250,000 |
| Noninterest expense | 681,000 | 1,359,000 | 2,054,000 | 2,820,000 |
| Provision for loan losses | 102,000 | 188,000 | 273,000 | 397,000 |
| Pretax income | 109,000 | 310,000 | 509,000 | 697,000 |
| Income tax | 27,000 | 113,000 | 194,000 | 255,000 |
| Net income | 82,000 | 197,000 | 315,000 | 442,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,431,000 | 9,554,000 | 9,676,000 | 9,816,000 |
| Total capital | 10,023,000 | 10,232,000 | 10,439,000 | 10,703,000 |
| Risk-weighted assets | 61,950,000 | 70,164,000 | 79,977,000 | 91,434,000 |