Call reports 2023
FORTIS BANK — 2023
What FORTIS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,444,396,000 | 1,364,755,000 | 1,315,074,000 | 1,296,853,000 |
| Total loans | 999,290,000 | 1,010,238,000 | 1,007,736,000 | 1,005,523,000 |
| Allowance for loan losses | 8,197,000 | 8,428,000 | 8,495,000 | 8,625,000 |
| Securities available for sale | 87,861,000 | 88,080,000 | 75,123,000 | 76,513,000 |
| Securities held to maturity | 146,323,000 | 140,080,000 | 147,039,000 | 144,590,000 |
| Trading assets | 2,394,000 | 3,249,000 | 3,838,000 | 1,193,000 |
| Total deposits | 1,237,092,000 | 1,114,056,000 | 1,071,007,000 | 1,001,968,000 |
| Interest-bearing deposits | 740,462,000 | 613,095,000 | 632,213,000 | 629,790,000 |
| Noninterest-bearing deposits | 496,630,000 | 500,961,000 | 438,794,000 | 372,178,000 |
| Equity capital | 93,030,000 | 93,521,000 | 98,634,000 | 100,282,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 14,334,000 | 29,982,000 | 44,614,000 | 60,392,000 |
| Interest expense | 6,604,000 | 14,020,000 | 22,144,000 | 30,574,000 |
| Net interest income | 7,730,000 | 15,962,000 | 22,470,000 | 29,818,000 |
| Noninterest income | 407,000 | 1,474,000 | 1,828,000 | 2,319,000 |
| Noninterest expense | 7,055,000 | 15,033,000 | 22,930,000 | 31,164,000 |
| Provision for loan losses | 677,000 | 929,000 | 1,020,000 | 1,226,000 |
| Pretax income | -652,000 | 265,000 | -753,000 | -1,069,000 |
| Income tax | -146,000 | 60,000 | 941,000 | 698,000 |
| Net income | -506,000 | 205,000 | -1,694,000 | -1,767,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,086,000 | 105,353,000 | 108,591,000 | 110,549,000 |
| Total capital | 112,601,000 | 116,077,000 | 119,414,000 | 121,216,000 |
| Risk-weighted assets | 902,481,000 | 967,709,000 | 922,952,000 | 919,246,000 |
Machine access — free, no API key
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