Call reports 2003
FORTIS BANK — 2003
What FORTIS BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 63,311,000 | 68,683,000 | 74,504,000 | 74,564,000 |
| Total loans | 40,379,000 | 42,829,000 | 46,007,000 | 47,705,000 |
| Allowance for loan losses | 386,000 | 426,000 | 445,000 | 487,000 |
| Securities available for sale | 16,660,000 | 16,657,000 | 18,909,000 | 19,164,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,017,000 | 61,773,000 | 67,209,000 | 67,183,000 |
| Interest-bearing deposits | 53,918,000 | 58,205,000 | 63,127,000 | 63,229,000 |
| Noninterest-bearing deposits | 3,099,000 | 3,568,000 | 4,082,000 | 3,954,000 |
| Equity capital | 4,551,000 | 4,862,000 | 5,233,000 | 5,408,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 998,000 | 2,038,000 | 3,126,000 | 4,239,000 |
| Interest expense | 393,000 | 792,000 | 1,187,000 | 1,587,000 |
| Net interest income | 605,000 | 1,246,000 | 1,939,000 | 2,652,000 |
| Noninterest income | 91,000 | 187,000 | 288,000 | 372,000 |
| Noninterest expense | 503,000 | 993,000 | 1,540,000 | 2,055,000 |
| Provision for loan losses | 111,000 | 212,000 | 302,000 | 366,000 |
| Pretax income | 82,000 | 228,000 | 385,000 | 603,000 |
| Income tax | 6,000 | 37,000 | 83,000 | 135,000 |
| Net income | 76,000 | 191,000 | 302,000 | 468,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,517,000 | 4,862,000 | 5,323,000 | 5,490,000 |
| Total capital | 4,903,000 | 5,288,000 | 5,768,000 | 5,977,000 |
| Risk-weighted assets | 48,951,000 | 52,939,000 | 55,188,000 | 56,998,000 |