Call reports 2014
FORTIFI BANK — 2014
What FORTIFI BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 344,012,000 | 348,716,000 | 351,673,000 | 363,344,000 |
| Total loans | 232,307,000 | 234,709,000 | 240,584,000 | 239,346,000 |
| Allowance for loan losses | 2,632,000 | 2,685,000 | 2,773,000 | 2,575,000 |
| Securities available for sale | 41,704,000 | 42,325,000 | 54,377,000 | 47,926,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,318,000 | 302,110,000 | 303,954,000 | 306,343,000 |
| Interest-bearing deposits | 261,588,000 | 261,588,000 | 258,558,000 | 264,246,000 |
| Noninterest-bearing deposits | 36,730,000 | 40,522,000 | 45,396,000 | 42,097,000 |
| Equity capital | 28,655,000 | 29,376,000 | 29,529,000 | 29,610,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,318,000 | 6,722,000 | 10,271,000 | 13,824,000 |
| Interest expense | 257,000 | 522,000 | 808,000 | 1,114,000 |
| Net interest income | 3,061,000 | 6,200,000 | 9,463,000 | 12,710,000 |
| Noninterest income | 678,000 | 1,419,000 | 2,076,000 | 2,831,000 |
| Noninterest expense | 3,129,000 | 6,165,000 | 9,600,000 | 12,978,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 531,000 | 1,613,000 | 2,024,000 | 2,636,000 |
| Income tax | 169,000 | 552,000 | 677,000 | 876,000 |
| Net income | 362,000 | 1,061,000 | 1,347,000 | 1,760,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,502,000 | 29,163,000 | 29,394,000 | 29,373,000 |
| Total capital | 31,134,000 | 31,848,000 | 32,167,000 | 31,948,000 |
| Risk-weighted assets | 236,098,000 | 239,852,000 | 247,284,000 | 246,078,000 |