Call reports 2002
FORTIFI BANK — 2002
What FORTIFI BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 132,870,000 | 140,487,000 | 154,757,000 | 177,518,000 |
| Total loans | 79,253,000 | 83,252,000 | 89,900,000 | 95,093,000 |
| Allowance for loan losses | 1,068,000 | 1,124,000 | 1,135,000 | 1,185,000 |
| Securities available for sale | 39,629,000 | 45,366,000 | 51,436,000 | 63,845,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,768,000 | 110,368,000 | 124,669,000 | 141,813,000 |
| Interest-bearing deposits | 91,250,000 | 100,779,000 | 113,507,000 | 131,306,000 |
| Noninterest-bearing deposits | 9,518,000 | 9,589,000 | 11,162,000 | 10,507,000 |
| Equity capital | 13,612,000 | 14,579,000 | 15,259,000 | 15,190,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,195,000 | 4,425,000 | 6,805,000 | 9,296,000 |
| Interest expense | 873,000 | 1,719,000 | 2,616,000 | 3,546,000 |
| Net interest income | 1,322,000 | 2,706,000 | 4,189,000 | 5,750,000 |
| Noninterest income | 240,000 | 504,000 | 864,000 | 1,318,000 |
| Noninterest expense | 809,000 | 1,693,000 | 2,729,000 | 4,032,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 715,000 | 1,420,000 | 2,167,000 | 2,819,000 |
| Income tax | 275,000 | 545,000 | 819,000 | 1,043,000 |
| Net income | 440,000 | 875,000 | 1,348,000 | 1,776,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,617,000 | 14,052,000 | 14,525,000 | 14,553,000 |
| Total capital | 14,482,000 | 15,090,000 | 15,660,000 | 15,738,000 |
| Risk-weighted assets | 69,022,000 | 82,922,000 | 91,744,000 | 101,654,000 |