Call reports 2020
FORTE BANK — 2020
What FORTE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 237,338,000 | 273,896,000 | 273,684,000 | 289,586,000 |
| Total loans | 182,499,000 | 197,884,000 | 204,320,000 | 203,285,000 |
| Allowance for loan losses | 1,697,000 | 1,893,000 | 2,046,000 | 2,245,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 22,426,000 | 18,929,000 | 20,490,000 | 24,032,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 202,367,000 | 233,553,000 | 235,462,000 | 250,599,000 |
| Interest-bearing deposits | 158,651,000 | 174,285,000 | 176,157,000 | 184,087,000 |
| Noninterest-bearing deposits | 43,716,000 | 59,268,000 | 59,305,000 | 66,512,000 |
| Equity capital | 26,396,000 | 27,039,000 | 27,536,000 | 28,411,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,349,000 | 4,909,000 | 7,164,000 | 9,821,000 |
| Interest expense | 323,000 | 615,000 | 880,000 | 1,129,000 |
| Net interest income | 2,026,000 | 4,294,000 | 6,284,000 | 8,692,000 |
| Noninterest income | 383,000 | 1,147,000 | 1,891,000 | 2,889,000 |
| Noninterest expense | 1,825,000 | 3,667,000 | 5,459,000 | 7,356,000 |
| Provision for loan losses | 45,000 | 240,000 | 390,000 | 585,000 |
| Pretax income | 539,000 | 1,534,000 | 2,326,000 | 3,640,000 |
| Income tax | 115,000 | 358,000 | 544,000 | 873,000 |
| Net income | 424,000 | 1,176,000 | 1,782,000 | 2,767,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,197,000 | 26,840,000 | 27,536,000 | 28,411,000 |