Call reports 2018
FORTIFI BANK — 2018
What FORTIFI BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 399,572,000 | 418,435,000 | 399,079,000 | 419,874,000 |
| Total loans | 304,296,000 | 314,600,000 | 309,984,000 | 313,918,000 |
| Allowance for loan losses | 3,119,000 | 3,180,000 | 3,225,000 | 3,312,000 |
| Securities available for sale | 60,554,000 | 57,913,000 | 56,615,000 | 56,511,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 340,092,000 | 350,127,000 | 339,257,000 | 366,937,000 |
| Interest-bearing deposits | 280,435,000 | 280,870,000 | 270,695,000 | 296,242,000 |
| Noninterest-bearing deposits | 59,657,000 | 69,257,000 | 68,562,000 | 70,695,000 |
| Equity capital | 36,350,000 | 36,249,000 | 36,455,000 | 36,763,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 4,437,000 | 9,030,000 | 13,751,000 | 18,519,000 |
| Interest expense | 599,000 | 1,299,000 | 2,066,000 | 2,873,000 |
| Net interest income | 3,838,000 | 7,731,000 | 11,685,000 | 15,646,000 |
| Noninterest income | 772,000 | 1,608,000 | 2,585,000 | 3,454,000 |
| Noninterest expense | 3,889,000 | 8,308,000 | 12,271,000 | 16,325,000 |
| Provision for loan losses | 400,000 | 500,000 | 575,000 | 725,000 |
| Pretax income | 321,000 | 531,000 | 1,424,000 | 2,072,000 |
| Income tax | 63,000 | 95,000 | 314,000 | 471,000 |
| Net income | 258,000 | 436,000 | 1,110,000 | 1,601,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,136,000 | 37,110,000 | 37,572,000 | 37,391,000 |
| Total capital | 40,255,000 | 40,290,000 | 40,797,000 | 40,703,000 |
| Risk-weighted assets | 314,509,000 | 339,056,000 | 337,314,000 | 390,282,000 |