Call reports 2023
FORTIFI BANK — 2023
What FORTIFI BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 582,025,000 | 604,480,000 | 607,336,000 | 638,920,000 |
| Total loans | 430,807,000 | 449,053,000 | 461,160,000 | 457,131,000 |
| Allowance for loan losses | 4,730,000 | 4,834,000 | 4,885,000 | 5,157,000 |
| Securities available for sale | 105,622,000 | 99,029,000 | 92,142,000 | 93,452,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 488,685,000 | 490,260,000 | 492,565,000 | 499,501,000 |
| Interest-bearing deposits | 347,074,000 | 349,743,000 | 350,077,000 | 361,352,000 |
| Noninterest-bearing deposits | 141,611,000 | 140,517,000 | 142,488,000 | 138,149,000 |
| Equity capital | 64,337,000 | 65,205,000 | 65,492,000 | 69,003,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 7,139,000 | 14,796,000 | 23,061,000 | 31,630,000 |
| Interest expense | 1,389,000 | 3,375,000 | 5,723,000 | 8,362,000 |
| Net interest income | 5,750,000 | 11,421,000 | 17,338,000 | 23,268,000 |
| Noninterest income | 815,000 | 1,711,000 | 2,651,000 | 3,519,000 |
| Noninterest expense | 4,038,000 | 8,029,000 | 12,095,000 | 16,057,000 |
| Provision for loan losses | 50,000 | 150,000 | 300,000 | 450,000 |
| Pretax income | 2,333,000 | 4,803,000 | 7,440,000 | 10,138,000 |
| Income tax | 615,000 | 1,270,000 | 1,498,000 | 3,072,000 |
| Net income | 1,718,000 | 3,533,000 | 5,942,000 | 7,066,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,535,000 | 74,100,000 | 76,256,000 | 76,575,000 |
| Total capital | 77,755,000 | 79,422,000 | 81,630,000 | 82,111,000 |
| Risk-weighted assets | 508,602,000 | 523,026,000 | 531,985,000 | 525,340,000 |