Call reports 2003
FORTIFI BANK — 2003
What FORTIFI BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 194,843,000 | 207,368,000 | 203,368,000 | 209,845,000 |
| Total loans | 97,603,000 | 106,644,000 | 110,910,000 | 113,683,000 |
| Allowance for loan losses | 1,237,000 | 1,289,000 | 1,339,000 | 1,297,000 |
| Securities available for sale | 79,804,000 | 74,571,000 | 78,060,000 | 76,085,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,845,000 | 155,110,000 | 154,999,000 | 167,819,000 |
| Interest-bearing deposits | 134,383,000 | 140,125,000 | 141,813,000 | 155,071,000 |
| Noninterest-bearing deposits | 10,462,000 | 14,985,000 | 13,186,000 | 12,748,000 |
| Equity capital | 15,755,000 | 16,800,000 | 16,953,000 | 17,016,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,498,000 | 5,145,000 | 7,936,000 | 10,679,000 |
| Interest expense | 964,000 | 1,893,000 | 2,734,000 | 3,509,000 |
| Net interest income | 1,534,000 | 3,252,000 | 5,202,000 | 7,170,000 |
| Noninterest income | 509,000 | 1,075,000 | 1,598,000 | 2,091,000 |
| Noninterest expense | 1,190,000 | 2,390,000 | 3,659,000 | 5,203,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 793,000 | 1,817,000 | 2,961,000 | 3,818,000 |
| Income tax | 254,000 | 544,000 | 839,000 | 1,204,000 |
| Net income | 539,000 | 1,273,000 | 2,122,000 | 2,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,092,000 | 15,826,000 | 16,512,000 | 16,583,000 |
| Total capital | 16,329,000 | 17,115,000 | 17,851,000 | 17,880,000 |
| Risk-weighted assets | 105,416,000 | 117,258,000 | 120,359,000 | 123,867,000 |