Call reports 2013
FORTIFI BANK — 2013
What FORTIFI BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 304,080,000 | 307,223,000 | 296,616,000 | 346,646,000 |
| Total loans | 212,211,000 | 222,496,000 | 224,380,000 | 223,601,000 |
| Allowance for loan losses | 2,530,000 | 2,836,000 | 2,852,000 | 2,585,000 |
| Securities available for sale | 28,644,000 | 31,214,000 | 32,295,000 | 33,572,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 274,723,000 | 278,125,000 | 262,041,000 | 301,514,000 |
| Interest-bearing deposits | 242,801,000 | 242,793,000 | 222,216,000 | 259,307,000 |
| Noninterest-bearing deposits | 31,922,000 | 35,332,000 | 39,825,000 | 42,207,000 |
| Equity capital | 27,236,000 | 27,001,000 | 27,500,000 | 28,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,102,000 | 6,384,000 | 9,742,000 | 13,083,000 |
| Interest expense | 243,000 | 478,000 | 697,000 | 938,000 |
| Net interest income | 2,859,000 | 5,906,000 | 9,045,000 | 12,145,000 |
| Noninterest income | 948,000 | 1,782,000 | 2,631,000 | 3,567,000 |
| Noninterest expense | 2,831,000 | 5,636,000 | 8,658,000 | 12,320,000 |
| Provision for loan losses | 0 | 300,000 | 450,000 | 450,000 |
| Pretax income | 1,227,000 | 2,027,000 | 2,843,000 | 3,230,000 |
| Income tax | 450,000 | 727,000 | 1,010,000 | 1,121,000 |
| Net income | 777,000 | 1,300,000 | 1,833,000 | 2,109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,803,000 | 27,308,000 | 27,824,000 | 28,152,000 |
| Total capital | 29,333,000 | 30,144,000 | 30,672,000 | 30,737,000 |
| Risk-weighted assets | 216,159,000 | 226,903,000 | 227,858,000 | 228,352,000 |