Call reports 2020
FORTIFI BANK — 2020
What FORTIFI BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 453,734,000 | 544,537,000 | 529,893,000 | 525,258,000 |
| Total loans | 355,297,000 | 388,473,000 | 390,450,000 | 395,485,000 |
| Allowance for loan losses | 3,552,000 | 4,557,000 | 4,527,000 | 4,938,000 |
| Securities available for sale | 51,297,000 | 49,467,000 | 53,850,000 | 54,873,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 369,897,000 | 467,818,000 | 457,662,000 | 457,985,000 |
| Interest-bearing deposits | 290,066,000 | 353,887,000 | 333,751,000 | 329,112,000 |
| Noninterest-bearing deposits | 79,831,000 | 113,931,000 | 123,911,000 | 128,873,000 |
| Equity capital | 44,736,000 | 45,970,000 | 48,047,000 | 49,078,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,314,000 | 10,560,000 | 16,299,000 | 21,358,000 |
| Interest expense | 992,000 | 1,789,000 | 2,527,000 | 2,965,000 |
| Net interest income | 4,322,000 | 8,771,000 | 13,772,000 | 18,393,000 |
| Noninterest income | 1,297,000 | 3,125,000 | 5,129,000 | 6,051,000 |
| Noninterest expense | 4,074,000 | 7,858,000 | 11,656,000 | 15,326,000 |
| Provision for loan losses | 300,000 | 1,300,000 | 1,550,000 | 1,350,000 |
| Pretax income | 1,273,000 | 2,811,000 | 5,764,000 | 7,842,000 |
| Income tax | 332,000 | 734,000 | 1,525,000 | 2,074,000 |
| Net income | 941,000 | 2,077,000 | 4,239,000 | 5,768,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,697,000 | 44,743,000 | 46,816,000 | 47,902,000 |
| Total capital | 47,249,000 | 49,300,000 | 51,343,000 | 52,840,000 |
| Risk-weighted assets | 423,180,000 | 419,542,000 | 424,234,000 | 433,021,000 |