Call reports 2010
FORTIFI BANK — 2010
What FORTIFI BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 254,757,000 | 259,256,000 | 248,709,000 | 250,373,000 |
| Total loans | 149,839,000 | 158,848,000 | 162,684,000 | 164,577,000 |
| Allowance for loan losses | 2,255,000 | 2,514,000 | 2,777,000 | 2,939,000 |
| Securities available for sale | 63,244,000 | 57,441,000 | 46,107,000 | 47,068,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 220,660,000 | 225,201,000 | 214,950,000 | 216,219,000 |
| Interest-bearing deposits | 200,224,000 | 202,340,000 | 192,599,000 | 191,801,000 |
| Noninterest-bearing deposits | 20,436,000 | 22,861,000 | 22,351,000 | 24,418,000 |
| Equity capital | 22,027,000 | 22,613,000 | 23,090,000 | 23,989,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,749,000 | 5,619,000 | 8,491,000 | 11,509,000 |
| Interest expense | 702,000 | 1,328,000 | 1,868,000 | 2,313,000 |
| Net interest income | 2,047,000 | 4,291,000 | 6,623,000 | 9,196,000 |
| Noninterest income | 567,000 | 1,017,000 | 1,831,000 | 3,373,000 |
| Noninterest expense | 2,304,000 | 4,419,000 | 6,550,000 | 8,939,000 |
| Provision for loan losses | 400,000 | 775,000 | 1,275,000 | 1,725,000 |
| Pretax income | -45,000 | 335,000 | 1,068,000 | 2,344,000 |
| Income tax | -84,000 | 5,000 | 253,000 | 746,000 |
| Net income | 39,000 | 330,000 | 815,000 | 1,598,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,864,000 | 22,155,000 | 22,640,000 | 23,907,000 |
| Total capital | 23,921,000 | 24,289,000 | 24,809,000 | 26,123,000 |
| Risk-weighted assets | 164,366,000 | 170,303,000 | 172,910,000 | 177,699,000 |