Call reports 2024
FORTE BANK — 2024
What FORTE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 361,472,000 | 360,916,000 | 379,378,000 | 410,416,000 |
| Total loans | 293,258,000 | 295,973,000 | 294,809,000 | 294,302,000 |
| Allowance for loan losses | 3,451,000 | 3,452,000 | 3,457,000 | 3,430,000 |
| Securities available for sale | 0 | 0 | 5,241,000 | 10,734,000 |
| Securities held to maturity | 29,146,000 | 29,017,000 | 29,216,000 | 28,770,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 296,743,000 | 295,449,000 | 312,479,000 | 343,686,000 |
| Interest-bearing deposits | 230,149,000 | 227,548,000 | 246,741,000 | 274,688,000 |
| Noninterest-bearing deposits | 66,594,000 | 67,901,000 | 65,738,000 | 68,998,000 |
| Equity capital | 38,020,000 | 38,615,000 | 38,631,000 | 38,999,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,131,000 | 8,314,000 | 12,695,000 | 17,291,000 |
| Interest expense | 1,434,000 | 2,839,000 | 4,470,000 | 6,271,000 |
| Net interest income | 2,697,000 | 5,475,000 | 8,225,000 | 11,020,000 |
| Noninterest income | 378,000 | 744,000 | 1,192,000 | 1,569,000 |
| Noninterest expense | 2,358,000 | 4,620,000 | 7,041,000 | 9,517,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 19,000 |
| Pretax income | 675,000 | 1,572,000 | 2,341,000 | 3,037,000 |
| Income tax | 118,000 | 286,000 | 425,000 | 554,000 |
| Net income | 557,000 | 1,286,000 | 1,916,000 | 2,483,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,020,000 | 38,615,000 | 38,660,000 | 39,098,000 |
| Total capital | 41,550,000 | 42,131,000 | 42,189,000 | 42,631,000 |
| Risk-weighted assets | 289,749,000 | 291,959,000 | 291,959,000 | 295,454,000 |