Call reports 2007
FORTRESS BANK — 2007
What FORTRESS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 |
|---|---|---|---|
| Total assets | 168,451,000 | 172,981,000 | 178,120,000 |
| Total loans | 133,547,000 | 139,864,000 | 145,075,000 |
| Allowance for loan losses | 2,075,000 | 1,693,000 | 2,056,000 |
| Securities available for sale | 20,039,000 | 18,663,000 | 19,101,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 136,059,000 | 139,435,000 | 141,952,000 |
| Interest-bearing deposits | 122,817,000 | 126,654,000 | 129,094,000 |
| Noninterest-bearing deposits | 13,242,000 | 12,781,000 | 12,858,000 |
| Equity capital | 17,068,000 | 16,877,000 | 16,828,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 |
|---|---|---|---|
| Interest income | 2,843,000 | 5,651,000 | 8,681,000 |
| Interest expense | 1,378,000 | 2,822,000 | 4,347,000 |
| Net interest income | 1,465,000 | 2,829,000 | 4,334,000 |
| Noninterest income | 204,000 | 460,000 | 663,000 |
| Noninterest expense | 1,231,000 | 2,482,000 | 3,784,000 |
| Provision for loan losses | 90,000 | 180,000 | 735,000 |
| Pretax income | 348,000 | 627,000 | 478,000 |
| Income tax | 92,000 | 157,000 | 61,000 |
| Net income | 256,000 | 470,000 | 417,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 |
|---|---|---|---|
| Tier 1 capital | 13,115,000 | 13,149,000 | 12,916,000 |
| Total capital | 14,796,000 | 14,842,000 | 14,773,000 |
| Risk-weighted assets | 134,093,000 | 138,316,000 | 148,361,000 |