Call reports 2007
FORTIFI BANK — 2007
What FORTIFI BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 235,840,000 | 244,748,000 | 238,804,000 | 246,484,000 |
| Total loans | 162,142,000 | 158,371,000 | 156,265,000 | 152,703,000 |
| Allowance for loan losses | 2,661,000 | 2,398,000 | 2,358,000 | 1,723,000 |
| Securities available for sale | 52,450,000 | 52,559,000 | 53,205,000 | 58,329,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,636,000 | 197,891,000 | 191,204,000 | 201,576,000 |
| Interest-bearing deposits | 171,978,000 | 177,607,000 | 170,519,000 | 183,894,000 |
| Noninterest-bearing deposits | 16,658,000 | 20,284,000 | 20,685,000 | 17,682,000 |
| Equity capital | 20,844,000 | 20,701,000 | 21,413,000 | 21,421,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,806,000 | 7,737,000 | 11,640,000 | 15,373,000 |
| Interest expense | 1,831,000 | 3,692,000 | 5,519,000 | 7,275,000 |
| Net interest income | 1,975,000 | 4,045,000 | 6,121,000 | 8,098,000 |
| Noninterest income | 545,000 | 1,190,000 | 1,870,000 | 2,455,000 |
| Noninterest expense | 1,910,000 | 4,010,000 | 5,918,000 | 8,072,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 460,000 | 925,000 | 1,623,000 | 1,870,000 |
| Income tax | 103,000 | 148,000 | 295,000 | 237,000 |
| Net income | 357,000 | 777,000 | 1,328,000 | 1,633,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,182,000 | 21,376,000 | 21,599,000 | 21,333,000 |
| Total capital | 23,369,000 | 23,558,000 | 23,740,000 | 23,056,000 |
| Risk-weighted assets | 174,491,000 | 174,305,000 | 171,038,000 | 170,128,000 |