Call reports 2008
FORTIFI BANK — 2008
What FORTIFI BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 242,070,000 | 245,737,000 | 235,345,000 | 252,575,000 |
| Total loans | 153,536,000 | 151,618,000 | 154,064,000 | 158,437,000 |
| Allowance for loan losses | 1,548,000 | 1,843,000 | 2,013,000 | 2,972,000 |
| Securities available for sale | 66,363,000 | 62,371,000 | 61,734,000 | 56,949,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 192,783,000 | 198,601,000 | 189,673,000 | 210,350,000 |
| Interest-bearing deposits | 175,369,000 | 179,130,000 | 172,010,000 | 190,766,000 |
| Noninterest-bearing deposits | 17,414,000 | 19,471,000 | 17,663,000 | 19,584,000 |
| Equity capital | 21,981,000 | 21,065,000 | 21,519,000 | 21,397,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,703,000 | 7,160,000 | 10,718,000 | 13,896,000 |
| Interest expense | 1,613,000 | 2,976,000 | 4,179,000 | 5,297,000 |
| Net interest income | 2,090,000 | 4,184,000 | 6,539,000 | 8,599,000 |
| Noninterest income | 557,000 | 1,149,000 | 1,799,000 | 2,448,000 |
| Noninterest expense | 2,031,000 | 4,075,000 | 6,239,000 | 8,681,000 |
| Provision for loan losses | 150,000 | 675,000 | 975,000 | 2,875,000 |
| Pretax income | 466,000 | 773,000 | 1,314,000 | -211,000 |
| Income tax | 58,000 | 51,000 | 166,000 | -541,000 |
| Net income | 408,000 | 722,000 | 1,148,000 | 330,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,741,000 | 22,055,000 | 22,481,000 | 21,663,000 |
| Total capital | 23,289,000 | 23,898,000 | 24,494,000 | 23,925,000 |
| Risk-weighted assets | 171,656,000 | 173,365,000 | 173,307,000 | 180,251,000 |