Call reports 2019
FORTIFI BANK — 2019
What FORTIFI BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 417,078,000 | 418,763,000 | 438,351,000 | 456,691,000 |
| Total loans | 324,316,000 | 322,558,000 | 330,073,000 | 341,502,000 |
| Allowance for loan losses | 3,347,000 | 3,492,000 | 3,500,000 | 3,628,000 |
| Securities available for sale | 55,968,000 | 54,312,000 | 52,812,000 | 53,037,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 353,610,000 | 360,352,000 | 363,435,000 | 401,419,000 |
| Interest-bearing deposits | 278,144,000 | 278,653,000 | 279,030,000 | 313,934,000 |
| Noninterest-bearing deposits | 75,466,000 | 81,699,000 | 84,405,000 | 87,485,000 |
| Equity capital | 41,262,000 | 42,378,000 | 43,163,000 | 43,428,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 4,922,000 | 10,120,000 | 15,322,000 | 20,627,000 |
| Interest expense | 915,000 | 1,862,000 | 2,784,000 | 3,731,000 |
| Net interest income | 4,007,000 | 8,258,000 | 12,538,000 | 16,896,000 |
| Noninterest income | 758,000 | 1,734,000 | 2,744,000 | 3,997,000 |
| Noninterest expense | 3,899,000 | 7,968,000 | 12,224,000 | 16,358,000 |
| Provision for loan losses | 150,000 | 300,000 | 350,000 | 575,000 |
| Pretax income | 697,000 | 1,708,000 | 2,698,000 | 3,945,000 |
| Income tax | 172,000 | 436,000 | 695,000 | 1,019,000 |
| Net income | 525,000 | 1,272,000 | 2,003,000 | 2,926,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,249,000 | 41,998,000 | 42,619,000 | 42,852,000 |
| Total capital | 44,596,000 | 45,490,000 | 46,119,000 | 46,480,000 |
| Risk-weighted assets | 383,602,000 | 384,159,000 | 395,156,000 | 406,232,000 |