Call reports 2024
FORTIFI BANK — 2024
What FORTIFI BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 640,565,000 | 655,179,000 | 667,399,000 | 669,668,000 |
| Total loans | 488,368,000 | 506,881,000 | 501,919,000 | 518,155,000 |
| Allowance for loan losses | 5,199,000 | 5,331,000 | 5,672,000 | 5,902,000 |
| Securities available for sale | 89,739,000 | 87,033,000 | 85,188,000 | 80,136,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 495,613,000 | 497,181,000 | 509,391,000 | 537,724,000 |
| Interest-bearing deposits | 371,847,000 | 363,357,000 | 382,207,000 | 404,726,000 |
| Noninterest-bearing deposits | 123,766,000 | 133,824,000 | 127,184,000 | 132,998,000 |
| Equity capital | 70,851,000 | 73,222,000 | 78,047,000 | 77,745,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 8,822,000 | 18,277,000 | 28,264,000 | 38,217,000 |
| Interest expense | 2,957,000 | 6,156,000 | 9,672,000 | 12,972,000 |
| Net interest income | 5,865,000 | 12,121,000 | 18,592,000 | 25,245,000 |
| Noninterest income | 870,000 | 2,157,000 | 3,272,000 | 4,190,000 |
| Noninterest expense | 3,864,000 | 7,835,000 | 11,739,000 | 16,027,000 |
| Provision for loan losses | 39,000 | 189,000 | 539,000 | 789,000 |
| Pretax income | 2,723,000 | 6,011,000 | 9,262,000 | 12,290,000 |
| Income tax | 540,000 | 1,193,000 | 1,840,000 | 2,439,000 |
| Net income | 2,183,000 | 4,818,000 | 7,422,000 | 9,851,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,503,000 | 80,882,000 | 83,195,000 | 84,523,000 |
| Total capital | 84,191,000 | 86,703,000 | 89,357,000 | 90,915,000 |
| Risk-weighted assets | 553,755,000 | 570,924,000 | 568,732,000 | 583,730,000 |