Call reports 2004
FORTIS BANK — 2004
What FORTIS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 79,286,000 | 81,195,000 | 83,318,000 | 85,274,000 |
| Total loans | 52,262,000 | 54,883,000 | 57,872,000 | 57,126,000 |
| Allowance for loan losses | 500,000 | 543,000 | 566,000 | 600,000 |
| Securities available for sale | 19,387,000 | 18,915,000 | 17,817,000 | 16,459,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,400,000 | 70,536,000 | 71,155,000 | 74,589,000 |
| Interest-bearing deposits | 62,985,000 | 65,076,000 | 65,731,000 | 69,917,000 |
| Noninterest-bearing deposits | 4,415,000 | 5,460,000 | 5,424,000 | 4,672,000 |
| Equity capital | 5,685,000 | 5,881,000 | 6,497,000 | 7,060,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,138,000 | 2,330,000 | 3,581,000 | 4,955,000 |
| Interest expense | 391,000 | 809,000 | 1,221,000 | 1,638,000 |
| Net interest income | 747,000 | 1,521,000 | 2,360,000 | 3,317,000 |
| Noninterest income | 94,000 | 199,000 | 306,000 | 421,000 |
| Noninterest expense | 585,000 | 1,193,000 | 1,793,000 | 2,334,000 |
| Provision for loan losses | 83,000 | 166,000 | 271,000 | 494,000 |
| Pretax income | 173,000 | 369,000 | 632,000 | 941,000 |
| Income tax | 36,000 | 77,000 | 124,000 | 220,000 |
| Net income | 137,000 | 292,000 | 508,000 | 721,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,726,000 | 5,881,000 | 6,497,000 | 7,060,000 |
| Total capital | 6,226,000 | 6,424,000 | 7,063,000 | 7,660,000 |
| Risk-weighted assets | 62,266,000 | 64,252,000 | 66,614,000 | 66,793,000 |