Call reports 2017
FORTIFI BANK — 2017
What FORTIFI BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 423,926,000 | 421,576,000 | 412,616,000 | 431,130,000 |
| Total loans | 287,347,000 | 290,217,000 | 298,998,000 | 300,298,000 |
| Allowance for loan losses | 2,735,000 | 2,820,000 | 2,741,000 | 2,772,000 |
| Securities available for sale | 56,819,000 | 65,170,000 | 63,575,000 | 61,482,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 362,603,000 | 359,523,000 | 350,169,000 | 369,679,000 |
| Interest-bearing deposits | 305,933,000 | 292,967,000 | 280,055,000 | 297,016,000 |
| Noninterest-bearing deposits | 56,670,000 | 66,556,000 | 70,114,000 | 72,663,000 |
| Equity capital | 36,851,000 | 37,387,000 | 37,751,000 | 36,890,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,987,000 | 8,227,000 | 12,631,000 | 17,075,000 |
| Interest expense | 463,000 | 1,034,000 | 1,568,000 | 2,132,000 |
| Net interest income | 3,524,000 | 7,193,000 | 11,063,000 | 14,943,000 |
| Noninterest income | 674,000 | 1,527,000 | 2,419,000 | 3,422,000 |
| Noninterest expense | 3,525,000 | 7,230,000 | 10,933,000 | 15,135,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 500,000 |
| Pretax income | 598,000 | 1,340,000 | 2,324,000 | 2,730,000 |
| Income tax | 199,000 | 453,000 | 800,000 | 1,170,000 |
| Net income | 399,000 | 887,000 | 1,524,000 | 1,560,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,978,000 | 37,258,000 | 37,684,000 | 37,110,000 |
| Total capital | 39,713,000 | 40,078,000 | 40,425,000 | 39,882,000 |
| Risk-weighted assets | 307,413,000 | 311,340,000 | 321,909,000 | 317,421,000 |