Call reports 2003
FORTRESS BANK — 2003
What FORTRESS BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 113,198,000 | 115,161,000 | 115,667,000 | 121,380,000 |
| Total loans | 79,109,000 | 80,921,000 | 82,198,000 | 87,268,000 |
| Allowance for loan losses | 1,061,000 | 1,101,000 | 921,000 | 932,000 |
| Securities available for sale | 23,718,000 | 24,371,000 | 23,896,000 | 24,257,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,279,000 | 92,358,000 | 94,112,000 | 96,862,000 |
| Interest-bearing deposits | 82,309,000 | 82,704,000 | 85,144,000 | 88,303,000 |
| Noninterest-bearing deposits | 8,970,000 | 9,654,000 | 8,968,000 | 8,559,000 |
| Equity capital | 12,703,000 | 13,148,000 | 12,995,000 | 13,316,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,738,000 | 3,160,000 | 4,790,000 | 6,498,000 |
| Interest expense | 571,000 | 1,125,000 | 1,662,000 | 2,181,000 |
| Net interest income | 1,167,000 | 2,035,000 | 3,128,000 | 4,317,000 |
| Noninterest income | 290,000 | 687,000 | 1,067,000 | 1,322,000 |
| Noninterest expense | 858,000 | 1,727,000 | 2,593,000 | 3,492,000 |
| Provision for loan losses | 51,000 | 125,000 | 256,000 | 307,000 |
| Pretax income | 549,000 | 871,000 | 1,347,000 | 1,900,000 |
| Income tax | 165,000 | 242,000 | 376,000 | 535,000 |
| Net income | 384,000 | 629,000 | 971,000 | 1,365,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,785,000 | 9,893,000 | 10,098,000 | 10,355,000 |
| Total capital | 10,846,000 | 10,994,000 | 11,019,000 | 11,287,000 |
| Risk-weighted assets | 86,790,000 | 89,302,000 | 89,912,000 | 94,389,000 |