Call reports 2023
FORTE BANK — 2023
What FORTE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 349,889,000 | 366,288,000 | 362,431,000 | 369,472,000 |
| Total loans | 298,105,000 | 295,225,000 | 295,008,000 | 297,021,000 |
| Allowance for loan losses | 2,934,000 | 3,089,000 | 3,243,000 | 3,397,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 29,343,000 | 28,858,000 | 28,610,000 | 28,467,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 290,908,000 | 303,280,000 | 298,839,000 | 304,952,000 |
| Interest-bearing deposits | 219,063,000 | 234,283,000 | 227,703,000 | 232,862,000 |
| Noninterest-bearing deposits | 71,845,000 | 68,997,000 | 71,136,000 | 72,090,000 |
| Equity capital | 35,970,000 | 36,464,000 | 37,000,000 | 37,717,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,606,000 | 7,309,000 | 11,236,000 | 15,286,000 |
| Interest expense | 649,000 | 1,607,000 | 2,746,000 | 4,037,000 |
| Net interest income | 2,957,000 | 5,702,000 | 8,490,000 | 11,249,000 |
| Noninterest income | 324,000 | 828,000 | 1,208,000 | 1,581,000 |
| Noninterest expense | 2,358,000 | 4,666,000 | 6,949,000 | 8,556,000 |
| Provision for loan losses | 110,000 | 260,000 | 410,000 | 560,000 |
| Pretax income | 813,000 | 1,604,000 | 2,339,000 | 3,628,000 |
| Income tax | 192,000 | 343,000 | 393,000 | 819,000 |
| Net income | 621,000 | 1,261,000 | 1,946,000 | 2,809,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,970,000 | 36,464,000 | 37,000,000 | 37,717,000 |
| Total capital | 38,905,000 | 39,553,000 | 40,244,000 | 41,201,000 |
| Risk-weighted assets | 308,088,000 | 304,595,000 | 304,101,000 | 294,744,000 |