Call reports 2004
FORTRESS BANK — 2004
What FORTRESS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 127,516,000 | 130,226,000 | 133,252,000 | 137,543,000 |
| Total loans | 91,444,000 | 96,238,000 | 98,951,000 | 102,936,000 |
| Allowance for loan losses | 1,037,000 | 1,145,000 | 1,103,000 | 1,146,000 |
| Securities available for sale | 24,729,000 | 24,038,000 | 24,755,000 | 24,900,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,601,000 | 98,158,000 | 100,232,000 | 103,600,000 |
| Interest-bearing deposits | 91,574,000 | 88,729,000 | 91,621,000 | 93,273,000 |
| Noninterest-bearing deposits | 9,027,000 | 9,429,000 | 8,611,000 | 10,327,000 |
| Equity capital | 13,715,000 | 13,240,000 | 13,749,000 | 13,646,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,760,000 | 3,573,000 | 5,475,000 | 7,412,000 |
| Interest expense | 611,000 | 1,216,000 | 1,883,000 | 2,590,000 |
| Net interest income | 1,149,000 | 2,357,000 | 3,592,000 | 4,822,000 |
| Noninterest income | 236,000 | 478,000 | 696,000 | 703,000 |
| Noninterest expense | 895,000 | 1,761,000 | 2,662,000 | 3,616,000 |
| Provision for loan losses | 90,000 | 181,000 | 232,000 | 283,000 |
| Pretax income | 400,000 | 893,000 | 1,394,000 | 1,626,000 |
| Income tax | 101,000 | 240,000 | 374,000 | 404,000 |
| Net income | 299,000 | 653,000 | 1,020,000 | 1,222,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,450,000 | 10,598,000 | 10,805,000 | 10,802,000 |
| Total capital | 11,487,000 | 11,743,000 | 11,908,000 | 11,948,000 |
| Risk-weighted assets | 99,374,000 | 103,913,000 | 106,253,000 | 106,872,000 |