Call reports 2002
FORTRESS BANK — 2002
What FORTRESS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 99,929,000 | 102,440,000 | 105,516,000 | 111,671,000 |
| Total loans | 71,715,000 | 71,968,000 | 74,231,000 | 74,426,000 |
| Allowance for loan losses | 961,000 | 1,001,000 | 1,040,000 | 1,014,000 |
| Securities available for sale | 21,018,000 | 21,059,000 | 23,133,000 | 22,818,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,534,000 | 82,514,000 | 84,254,000 | 89,053,000 |
| Interest-bearing deposits | 69,471,000 | 74,426,000 | 74,810,000 | 80,696,000 |
| Noninterest-bearing deposits | 8,063,000 | 8,088,000 | 9,444,000 | 8,357,000 |
| Equity capital | 8,533,000 | 9,205,000 | 9,775,000 | 12,474,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,886,000 | 3,785,000 | 5,706,000 | 626,000 |
| Interest expense | 794,000 | 1,570,000 | 2,309,000 | 211,000 |
| Net interest income | 1,092,000 | 2,215,000 | 3,397,000 | 415,000 |
| Noninterest income | 218,000 | 452,000 | 733,000 | 129,000 |
| Noninterest expense | 824,000 | 1,649,000 | 2,479,000 | 281,000 |
| Provision for loan losses | 56,000 | 107,000 | 158,000 | 17,000 |
| Pretax income | 450,000 | 927,000 | 1,533,000 | 251,000 |
| Income tax | 154,000 | 300,000 | 493,000 | 79,000 |
| Net income | 296,000 | 627,000 | 1,040,000 | 172,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,751,000 | 8,104,000 | 8,439,000 | 9,538,000 |
| Total capital | 8,712,000 | 9,091,000 | 9,454,000 | 10,552,000 |
| Risk-weighted assets | 79,125,000 | 78,919,000 | 81,141,000 | 82,540,000 |