Call reports 2007
FORTIS BANK — 2007
What FORTIS BANK 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 | 98,288,000 | 121,264,000 | 117,296,000 | 117,992,000 |
| Total loans | 65,337,000 | 60,688,000 | 62,642,000 | 72,436,000 |
| Allowance for loan losses | 810,000 | 821,000 | 889,000 | 957,000 |
| Securities available for sale | 22,103,000 | 21,461,000 | 21,117,000 | 20,083,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,651,000 | 97,220,000 | 92,827,000 | 93,962,000 |
| Interest-bearing deposits | 83,195,000 | 90,522,000 | 86,955,000 | 89,222,000 |
| Noninterest-bearing deposits | 5,456,000 | 6,698,000 | 5,872,000 | 4,740,000 |
| Equity capital | 8,444,000 | 22,379,000 | 22,595,000 | 22,301,000 |
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 | 1,683,000 | 1,250,000 | 3,121,000 | 4,872,000 |
| Interest expense | 890,000 | 652,000 | 1,608,000 | 2,532,000 |
| Net interest income | 793,000 | 598,000 | 1,513,000 | 2,340,000 |
| Noninterest income | 35,000 | 62,000 | 148,000 | 322,000 |
| Noninterest expense | 664,000 | 501,000 | 1,578,000 | 2,923,000 |
| Provision for loan losses | 143,000 | 60,000 | 135,000 | 210,000 |
| Pretax income | 21,000 | 99,000 | -52,000 | -471,000 |
| Income tax | 18,000 | -20,000 | -26,000 | -115,000 |
| Net income | 3,000 | 119,000 | -26,000 | -356,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,359,000 | 11,575,000 | 11,504,000 | 11,345,000 |
| Total capital | 9,169,000 | 12,396,000 | 12,393,000 | 12,302,000 |
| Risk-weighted assets | 74,921,000 | 75,440,000 | 75,799,000 | 81,399,000 |