Call reports 2024
FORTIS BANK — 2024
What FORTIS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,338,474,000 | 1,244,244,000 | 1,337,121,000 | 1,301,059,000 |
| Total loans | 968,889,000 | 969,310,000 | 1,015,967,000 | 1,030,128,000 |
| Allowance for loan losses | 8,508,000 | 8,435,000 | 9,162,000 | 9,525,000 |
| Securities available for sale | 76,461,000 | 75,703,000 | 76,908,000 | 74,490,000 |
| Securities held to maturity | 137,664,000 | 133,174,000 | 129,907,000 | 120,772,000 |
| Trading assets | 2,033,000 | 2,032,000 | 1,128,000 | 1,448,000 |
| Total deposits | 1,116,020,000 | 1,011,825,000 | 1,175,023,000 | 1,166,906,000 |
| Interest-bearing deposits | 668,079,000 | 585,417,000 | 727,232,000 | 729,546,000 |
| Noninterest-bearing deposits | 447,941,000 | 426,408,000 | 447,791,000 | 437,360,000 |
| Equity capital | 100,527,000 | 100,877,000 | 101,774,000 | 101,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 14,910,000 | 29,574,000 | 44,955,000 | 60,027,000 |
| Interest expense | 8,367,000 | 16,115,000 | 24,245,000 | 30,129,000 |
| Net interest income | 6,543,000 | 13,459,000 | 20,710,000 | 29,898,000 |
| Noninterest income | 549,000 | 1,232,000 | 2,627,000 | 3,553,000 |
| Noninterest expense | 8,098,000 | 16,534,000 | 24,642,000 | 33,302,000 |
| Provision for loan losses | 0 | 0 | 1,162,000 | 1,583,000 |
| Pretax income | -839,000 | -1,529,000 | -2,221,000 | -1,086,000 |
| Income tax | -186,000 | -376,000 | -547,000 | -267,000 |
| Net income | -653,000 | -1,153,000 | -1,674,000 | -819,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 110,144,000 | 109,946,000 | 109,276,000 | 110,102,000 |
| Total capital | 120,528,000 | 120,091,000 | 120,221,000 | 121,308,000 |
| Risk-weighted assets | 876,064,000 | 878,916,000 | 932,532,000 | 960,867,000 |