Call reports 2022
FORTIFI BANK — 2022
What FORTIFI BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 582,521,000 | 578,890,000 | 589,483,000 | 593,955,000 |
| Total loans | 374,034,000 | 391,252,000 | 416,549,000 | 427,311,000 |
| Allowance for loan losses | 4,808,000 | 4,977,000 | 5,104,000 | 5,158,000 |
| Securities available for sale | 123,690,000 | 116,121,000 | 110,782,000 | 107,381,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 512,882,000 | 504,951,000 | 521,470,000 | 525,338,000 |
| Interest-bearing deposits | 379,826,000 | 361,903,000 | 367,782,000 | 367,780,000 |
| Noninterest-bearing deposits | 133,056,000 | 143,048,000 | 153,688,000 | 157,558,000 |
| Equity capital | 61,425,000 | 60,527,000 | 59,930,000 | 61,626,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 4,897,000 | 10,252,000 | 16,321,000 | 23,230,000 |
| Interest expense | 228,000 | 484,000 | 903,000 | 1,648,000 |
| Net interest income | 4,669,000 | 9,768,000 | 15,418,000 | 21,582,000 |
| Noninterest income | 1,277,000 | 2,298,000 | 3,212,000 | 4,129,000 |
| Noninterest expense | 3,813,000 | 7,581,000 | 11,347,000 | 15,057,000 |
| Provision for loan losses | 50,000 | 200,000 | 350,000 | 450,000 |
| Pretax income | 2,079,000 | 4,275,000 | 6,934,000 | 10,202,000 |
| Income tax | 545,000 | 1,121,000 | 1,824,000 | 2,694,000 |
| Net income | 1,534,000 | 3,154,000 | 5,110,000 | 7,508,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 66,399,000 | 67,768,000 | 69,474,000 | 71,067,000 |
| Total capital | 71,207,000 | 72,745,000 | 74,578,000 | 76,225,000 |
| Risk-weighted assets | 456,599,000 | 487,365,000 | 494,054,000 | 500,969,000 |