Call reports 2021
FORTIFI BANK — 2021
What FORTIFI BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 512,586,000 | 559,188,000 | 583,201,000 | 602,553,000 |
| Total loans | 387,537,000 | 377,688,000 | 369,354,000 | 353,767,000 |
| Allowance for loan losses | 5,075,000 | 5,228,000 | 4,752,000 | 4,760,000 |
| Securities available for sale | 51,908,000 | 64,009,000 | 85,067,000 | 107,118,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 443,661,000 | 487,265,000 | 500,650,000 | 518,047,000 |
| Interest-bearing deposits | 312,093,000 | 333,990,000 | 358,876,000 | 377,303,000 |
| Noninterest-bearing deposits | 131,568,000 | 153,275,000 | 141,774,000 | 140,744,000 |
| Equity capital | 51,483,000 | 53,310,000 | 64,511,000 | 65,129,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,575,000 | 10,808,000 | 15,917,000 | 21,194,000 |
| Interest expense | 347,000 | 624,000 | 879,000 | 1,115,000 |
| Net interest income | 5,228,000 | 10,184,000 | 15,038,000 | 20,079,000 |
| Noninterest income | 2,935,000 | 4,549,000 | 5,775,000 | 7,089,000 |
| Noninterest expense | 3,898,000 | 7,605,000 | 11,336,000 | 15,135,000 |
| Provision for loan losses | 150,000 | 300,000 | 300,000 | 300,000 |
| Pretax income | 4,127,000 | 6,828,000 | 9,184,000 | 11,740,000 |
| Income tax | 1,109,000 | 1,825,000 | 2,447,000 | 3,120,000 |
| Net income | 3,018,000 | 5,003,000 | 6,737,000 | 8,620,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,832,000 | 52,556,000 | 64,049,000 | 65,115,000 |
| Total capital | 55,907,000 | 57,784,000 | 68,801,000 | 69,875,000 |
| Risk-weighted assets | 425,699,000 | 421,260,000 | 417,388,000 | 430,313,000 |