Call reports 2016
FORTIFI BANK — 2016
What FORTIFI BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 365,226,000 | 392,388,000 | 383,673,000 | 395,570,000 |
| Total loans | 261,656,000 | 275,534,000 | 277,168,000 | 278,309,000 |
| Allowance for loan losses | 2,423,000 | 2,625,000 | 2,644,000 | 2,686,000 |
| Securities available for sale | 58,973,000 | 52,689,000 | 53,065,000 | 56,321,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,579,000 | 322,587,000 | 313,453,000 | 331,617,000 |
| Interest-bearing deposits | 256,145,000 | 270,681,000 | 254,359,000 | 270,046,000 |
| Noninterest-bearing deposits | 42,434,000 | 51,906,000 | 59,094,000 | 61,571,000 |
| Equity capital | 36,874,000 | 37,247,000 | 37,499,000 | 36,444,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,749,000 | 7,560,000 | 11,488,000 | 15,383,000 |
| Interest expense | 339,000 | 721,000 | 1,151,000 | 1,589,000 |
| Net interest income | 3,410,000 | 6,839,000 | 10,337,000 | 13,794,000 |
| Noninterest income | 793,000 | 1,666,000 | 2,679,000 | 3,578,000 |
| Noninterest expense | 3,324,000 | 6,589,000 | 10,209,000 | 13,813,000 |
| Provision for loan losses | 0 | 642,000 | 717,000 | 792,000 |
| Pretax income | 951,000 | 1,347,000 | 2,193,000 | 2,870,000 |
| Income tax | 337,000 | 461,000 | 759,000 | 989,000 |
| Net income | 614,000 | 886,000 | 1,434,000 | 1,881,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,678,000 | 36,724,000 | 37,050,000 | 36,832,000 |
| Total capital | 39,101,000 | 39,349,000 | 39,694,000 | 39,518,000 |
| Risk-weighted assets | 279,633,000 | 293,117,000 | 296,393,000 | 302,011,000 |