Fortress Bank Mortgage Rates, Fees & Info

Peoria, IL

LEI: 5493003EAJYUK1F8B139

Tax ID: 37-1232652

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

Fortress Bank is a smaller bank specializing in Refi and Home Purchase loans. Fortress Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Des Moines, Peoria, Davenport, Chicago, and Fort Madison among others. We have data for 81 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fortress Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Fortress Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.62% 12/17/24
30 Year Conventional Refi 6.56% 12/17/24
30 Year Cash-out Refi 6.64% 12/17/24
30 Year FHA Purchase 7.38% 12/17/24
30 Year FHA Refi 6.27% 12/17/24
30 Year VA Purchase 6.18% 12/17/24
30 Year USDA Purchase 6.87% 12/17/24
15 Year Conventional Purchase 6.04% 12/17/24
15 Year Conventional Refi 6.10% 12/17/24
15 Year Cash-out Refi 6.10% 12/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Fortress Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Fortress Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,419

Origination Dollar Volume (All Markets)

$277,535,000

Employee count

100 Show all (16) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 360 $81,510,000 $226,417 $2,313 2.83%
PEORIA, IL (FHA|USDA|VA) 432 $68,210,000 $157,894 $1,818 2.87%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 135 $27,475,000 $203,519 $1,708 2.93%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 77 $22,025,000 $286,039 $2,853 2.87%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 106 $11,890,000 $112,170 $2,075 2.57%
Outside of Metro Areas 47 $8,295,000 $176,489 $2,086 2.84%
Macomb, IL (FHA|USDA|VA) 36 $3,650,000 $101,389 $2,208 2.91%
Pella, IA (FHA|USDA|VA) 11 $2,665,000 $242,273 $2,142 2.36%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $2,530,000 $253,000 $2,707 2.23%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $2,525,000 $194,231 $2,986 2.62%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 8 $2,340,000 $292,500 $2,545 2.59%
AMES, IA (FHA|USDA|VA) 12 $2,140,000 $178,333 $1,986 2.83%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,130,000 $355,000 $2,133 2.65%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $1,740,000 $290,000 $3,295 3.21%
Ottawa, IL (FHA|USDA|VA) 5 $1,715,000 $343,000 $1,932 3.36%
Galesburg, IL (FHA|USDA|VA) 11 $1,645,000 $149,545 $2,178 3.40%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,580,000 $263,333 $2,878 2.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,555,000 $311,000 $2,083 2.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,480,000 $370,000 $4,025 2.41%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,240,000 $310,000 $2,080 2.72%
Burlington, IA-IL (FHA|USDA|VA) 7 $1,235,000 $176,429 $1,913 2.39%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,215,000 $243,000 $1,809 2.90%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,140,000 $285,000 $1,911 2.88%
Spirit Lake, IA (FHA|USDA|VA) 3 $1,085,000 $361,667 $2,287 3.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,130 3.69%
Muscatine, IA (FHA|USDA|VA) 6 $1,040,000 $173,333 $1,552 2.77%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $990,000 $495,000 $6,797 3.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $950,000 $237,500 $1,695 2.53%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 4 $920,000 $230,000 $2,149 2.56%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $870,000 $217,500 $1,539 2.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $845,000 $281,667 $2,973 2.67%
BLOOMINGTON, IL (FHA|USDA|VA) 6 $820,000 $136,667 $1,287 2.79%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $740,000 $185,000 $1,605 2.91%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $740,000 $370,000 $3,731 2.94%
Clinton, IA (FHA|USDA|VA) 3 $675,000 $225,000 $1,586 2.71%
THE VILLAGES, FL (FHA|USDA|VA) 2 $640,000 $320,000 $2,075 2.75%
IOWA CITY, IA (FHA|USDA|VA) 3 $635,000 $211,667 $3,246 2.88%
FORT WAYNE, IN (FHA|USDA|VA) 2 $590,000 $295,000 $1,821 2.81%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $590,000 $295,000 $1,402 2.81%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $520,000 $260,000 $2,479 2.69%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $515,000 $515,000 $0 3.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $515,000 $515,000 $1,746 2.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $510,000 $255,000 $2,751 2.50%
BATON ROUGE, LA (FHA|USDA|VA) 1 $505,000 $505,000 $3,889 2.88%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $460,000 $230,000 $2,616 2.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $445,000 $445,000 $2,018 2.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $4,263 4.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $430,000 $215,000 $2,053 3.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $425,000 $425,000 $2,675 2.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $405,000 $405,000 $1,863 2.63%
GREEN BAY, WI (FHA|USDA|VA) 1 $405,000 $405,000 $1,590 2.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $395,000 $395,000 $2,705 2.25%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 4 $390,000 $97,500 $1,769 2.69%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,902 2.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $345,000 $345,000 $2,240 2.00%
Sterling, IL (FHA|USDA|VA) 2 $340,000 $170,000 $4,500 3.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $310,000 $155,000 $1,892 3.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $2,804 2.88%
Kearney, NE (FHA|USDA|VA) 1 $295,000 $295,000 $2,614 3.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $285,000 $285,000 $2,390 2.50%
Quincy, IL-MO (FHA|USDA|VA) 3 $275,000 $91,667 $1,405 2.58%
Mason City, IA (FHA|USDA|VA) 2 $270,000 $135,000 $2,148 2.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $265,000 $265,000 $1,658 3.00%
Oskaloosa, IA (FHA|USDA|VA) 2 $250,000 $125,000 $1,843 2.69%
Brookings, SD (FHA|USDA|VA) 1 $245,000 $245,000 $2,141 2.75%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,755 2.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $230,000 $115,000 $1,980 2.06%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,057 2.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,155 2.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,376 3.13%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $200,000 $100,000 $2,637 2.63%
Marion, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,727 4.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $2,026 2.00%
DUBUQUE, IA (FHA|USDA|VA) 1 $155,000 $155,000 $5,513 3.75%
KNOXVILLE, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,288 2.38%
Alpena, MI (FHA|USDA|VA) 1 $115,000 $115,000 $1,786 3.63%
Lincoln, IL (FHA|USDA|VA) 1 $115,000 $115,000 $1,699 2.38%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.63%
Fairfield, IA (FHA|USDA|VA) 1 $65,000 $65,000 $2,320 3.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $45,000 $45,000 $1,700 2.00%
Fortress Bank's top markets include Des Moines, Peoria, Davenport, Chicago, and Fort Madison among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Fortress Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Bankers Trust Company
    Similarity Rank: 69
    R.I.A. Federal Credit Union
    Similarity Rank: 126
    FINANCIAL PLUS Credit Union
    Similarity Rank: 172
    GREATER IOWA CREDIT UNION
    Similarity Rank: 204
    CBI Bank & Trust
    Similarity Rank: 264
    Prairie State Bank and Trust
    Similarity Rank: 280
    Raccoon Valley Bank
    Similarity Rank: 299
    Liberty Bank for Savings
    Similarity Rank: 312
    Glenview State Bank
    Similarity Rank: 312
    Fidelity Bank
    Similarity Rank: 330

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,283 $256,625,000 $200,019 $1,916 2.79%
    FHA 77 $9,985,000 $129,675 $4,243 3.30%
    VA 36 $7,950,000 $220,833 $2,838 2.88%
    USDA 23 $2,975,000 $129,348 $3,271 3.17%

    For 2020, Fortress Bank's most frequently originated type of loan was Conventional, with 1,283 originations. Their 2nd most popular type was FHA, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 624 $125,770,000 $201,554 $1,743 2.64%
    Home Purchase 545 $102,405,000 $187,899 $2,538 3.08%
    Cash Out Refi 246 $47,850,000 $194,512 $2,082 2.71%
    Home Improvement 4 $1,510,000 $377,500 $0 4.46%

    For 2020, Fortress Bank's most frequently cited loan purpose was Refi, with 624 originations. The 2nd most popular reason was Home Purchase, with 545 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 881 $176,375,000 $200,199 $2,295 2.97%
    15 Year 326 $62,260,000 $190,982 $1,782 2.36%
    20 Year 99 $16,155,000 $163,182 $1,758 2.91%
    10 Year 65 $10,325,000 $158,846 $1,853 2.31%
    Other 28 $8,800,000 $314,286 $1,692 3.17%
    5 Year 17 $2,815,000 $165,588 $0 4.87%
    1 Year 2 $710,000 $355,000 $0 4.13%
    3 Year 1 $95,000 $95,000 $0 4.00%

    For 2020, Fortress Bank's most frequently cited loan duration was 30 Year, with 881 originations. The 2nd most popular length was 15 Year, with 326 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,192 $235,460,000 $197,534
    $1k-2k 70 $11,300,000 $161,429
    $2k-3k 11 $2,235,000 $203,182
    $3k-4k 5 $1,395,000 $279,000
    $5k+ 5 $2,345,000 $469,000
    $4k-5k 3 $945,000 $315,000

    Fortress Bank's average total fees were $2,295, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,192 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 618 $117,210,000 $189,660
    2.5-3% 447 $96,695,000 $216,320
    3-4% 275 $47,895,000 $174,164
    4-5% 59 $10,865,000 $184,153
    5-6% 18 $3,500,000 $194,444
    6-7% 1 $45,000 $45,000
    % 1 $1,325,000 $1,325,000

    During 2020, Fortress Bank's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was <2.5%, with 618 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 555 $80,735,000 $145,468 $2,038 2.81%
    $200k-400k 441 $120,005,000 $272,120 $2,135 2.66%
    $100,000 or less 317 $22,025,000 $69,479 $1,989 3.01%
    $400k-600k 99 $45,755,000 $462,172 $2,654 2.92%
    $1MM+ 4 $6,640,000 $1,660,000 $0 3.81%
    $600k-1MM 3 $2,375,000 $791,667 $2,323 4.33%

    2020 saw Fortress Bank place emphasis on $100k-200k loans with 555 originations, totaling $80,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 328 $69,440,000 $211,707 $1,990 2.75%
    $50k-75k 294 $41,450,000 $140,986 $2,181 2.87%
    $50k or less 241 $24,295,000 $100,809 $2,136 2.87%
    $75k-100k 222 $40,730,000 $183,468 $2,052 2.71%
    $150k-250k 213 $58,795,000 $276,033 $2,043 2.66%
    $250k+ 92 $30,780,000 $334,565 $2,496 2.96%

    Fortress Bank lent most frequently to those with incomes in the $100k-150k range, with 328 originations. The second most popular income band? $50k-75k, with 294 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 409 $76,295,000 $186,540 $2,029 2.69%
    30-36% 249 $47,645,000 $191,345 $2,162 2.82%
    <20% 230 $42,360,000 $184,174 $1,808 2.70%
    43% 48 $9,840,000 $205,000 $2,335 2.85%
    41% 48 $8,820,000 $183,750 $2,125 2.91%
    44% 43 $9,035,000 $210,116 $2,061 2.76%
    39% 43 $9,305,000 $216,395 $2,328 2.80%
    36% 43 $8,285,000 $192,674 $2,009 2.67%
    40% 42 $7,960,000 $189,524 $1,967 2.94%
    37% 41 $7,705,000 $187,927 $2,257 2.93%
    42% 39 $8,035,000 $206,026 $2,525 2.78%
    38% 35 $6,465,000 $184,714 $2,121 2.97%
    48% 30 $6,220,000 $207,333 $2,227 2.85%
    46% 23 $4,755,000 $206,739 $3,435 3.00%
    49% 18 $4,070,000 $226,111 $2,409 2.97%
    47% 16 $3,350,000 $209,375 $2,171 2.62%
    45% 13 $2,345,000 $180,385 $1,993 2.88%
    50-60% 7 $1,505,000 $215,000 $3,214 3.70%
    >60% 7 $2,165,000 $309,286 $2,584 3.32%

    Fortress Bank lent most frequently to those with DTI ratios of 20-30%, with 409 originations. The next most common DTI ratio? 30-36%, with 249 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,221 $227,655,000 $186,450 $2,086 2.79%
    Not provided 111 $25,905,000 $233,378 $2,140 2.79%
    Not applicable 26 $11,330,000 $435,769 $0 4.55%
    Asian 22 $5,210,000 $236,818 $1,912 2.75%
    Asian Indian 17 $3,995,000 $235,000 $2,307 2.46%
    Black 22 $3,440,000 $156,364 $3,254 3.06%

    Approval Rates

    Total approvals of all applications
    97.27%

    Fortress Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.97%

    Fortress Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,419 $277,535,000 $195,585

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $9,825,000 $893,182
    Single Family (1-4 Units):Manufactured 8 $850,000 $106,250
    Single Family (1-4 Units):Site-Built 1,400 $266,860,000 $190,614

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $6,780,000 $161,429 $1,926 2.66%
    40-60% 171 $33,415,000 $195,409 $1,754 2.51%
    60-80% 593 $123,935,000 $208,997 $1,945 2.77%
    80-100% 592 $106,590,000 $180,051 $2,342 2.93%
    Over 100% 4 $750,000 $187,500 $5,448 3.38%
    Under 20% 6 $610,000 $101,667 $1,578 3.68%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Forthright Funding Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fortress Bank 1035 Broadway Hamilton, IL 62341 Full Service B&M $37,740
    Fortress Bank 122 West Boston Avenue Monmouth, IL 61462 Full Service B&M $20,730
    Fortress Bank 128 East Main Street La Harpe, IL 61450 Full Service B&M $57,310
    Fortress Bank 135 South Main Street Blandinsville, IL 61420 Full Service B&M $19,100
    Fortress Bank 2544 North County Road 1750 Colusa, IL 62329 Full Service B&M $0
    Fortress Bank 3260 E. 53rd Street Davenport, IA 52807 Full Service B&M $44,290
    Fortress Bank 407 Buchanan Street Carthage, IL 62321 Limited, Drive-thru $0
    Fortress Bank 433 Main Street Carthage, IL 62321 Full Service B&M $69,520
    Fortress Bank 500 East Jackson Macomb, IL 61455 Full Service B&M $59,210
    Fortress Bank 9000 N. Knoxville Peoria, IL 61615 Full Service B&M $87,740

    For 2020, Fortress Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,007
    Net interest income $16,804
    Total noninterest income $6,323
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $359
    Trading account gains and fees $0
    Additional Noninterest Income $5,964
    Pre-tax net operating income $6,058
    Securities gains (or losses, -) $10
    Income before extraordinary items $4,537
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,537
    Minority interest net income $0
    Net income $4,537
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,529

    Fortress Bank's gross interest income from loans was $20,007,000.
    Fortress Bank's net interest income from loans was $16,804,000.
    Fortress Bank's fee based income from loans was $359,000.
    Fortress Bank's net income from loans was $4,537,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,203
    Provision for credit losses $1,250
    Total noninterest expense $15,819
    Salaries and employee benefits $10,719
    Premises and equipment expense $1,559
    Additional noninterest expense $3,541
    Applicable income taxes $1,531
    Net charge-offs $185
    Cash dividends $1,273

    Fortress Bank's interest expense for loans was $3,203,000.
    Fortress Bank's payroll and benefits expense were $10,719,000.
    Fortress Bank's property, plant and equipment expenses $1,559,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 9.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $404,484
    Deposits held in domestic offices $404,484
    Deposits by Individuals, partnerships, and corporations $388,344
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,140
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $156,317
    Demand deposits $97,011
    Nontransaction accounts $248,167
    Money market deposit accounts (MMDAs) $82,510
    Other savings deposits (excluding MMDAs) $37,869
    Total time deposits $127,788
    Total time and savings deposits $307,473
    Noninterest-bearing deposits $97,011
    Interest-bearing deposits $307,473
    Retail deposits $368,388
    IRAs and Keogh plan accounts $9,788
    Brokered deposits $5,196
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $528,214
    Cash & Balances due from depository institutions $17,397
    Interest-bearing balances $13,223
    Total securities $63,666
    Federal funds sold & reverse repurchase $0
    Net loans and leases $412,173
    Loan and leases loss allowance $5,518
    Trading account assets $0
    Bank premises and fixed assets $10,301
    Other real estate owned $8
    Goodwill and other intangibles $13,733
    All other assets $10,936

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $528,214
    Total Liabilities $475,714
    Total deposits $404,484
    Interest-bearing deposits $307,473
    Deposits held in domestic offices $404,484
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $2,219
    Trading liabilities $0
    Other borrowed funds $65,509
    Subordinated debt $0
    All other liabilities $3,502

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $412,173
    Loan and leases loss allowance $5,518
    Total loans and leases (domestic) $417,691
    All real estate loans $278,380
    Real estate loans in domestic offices $278,380
    Construction and development loans $23,313
    Residential 1-4 family construction $5,532
    Other construction, all land development and other land $17,781
    Loans secured by nonfarm nonresidential properties $93,770
    Nonfarm nonresidential secured by owner-occupied properties $18,300
    Commercial real estate & other non-farm, non-residential $75,470
    Multifamily residential real estate $16,163
    1-4 family residential loans $99,749
    Farmland loans $45,385
    Loans held in foreign offices $0
    Farm loans $29,156
    Commercial and industrial loans $101,716
    To non-U.S. addressees $0
    Loans to individuals $8,113
    Credit card loans $0
    Related Plans $514
    Consumer Auto Loans $4,060
    Other loans to individuals $3,539
    All other loans & leases $326
    Loans to foreign governments and official institutions $0
    Other loans $147
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fortress Bank had $412,173,000 of loans outstanding in 2020. $278,380,000 of loans were in real estate loans. $23,313,000 of loans were in development loans. $16,163,000 of loans were in multifamily mortgage loans. $99,749,000 of loans were in 1-4 family mortgage loans. $29,156,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,060,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 261 $44,270 $169,617
    Nonfarm, nonresidential loans - <$100k 117 $4,714 $40,291
    Nonfarm, nonresidential loans - $100-250k 68 $9,994 $146,971
    Nonfarm, nonresidential loans - $250k-1MM 76 $29,562 $388,974
    Commercial & Industrial, US addressed loans - <$1MM 520 $46,829 $90,056
    Commercial & Industrial, US addressed loans - <$100k 351 $8,112 $23,111
    Commercial & Industrial, US addressed loans - $100-250k 77 $9,720 $126,234
    Commercial & Industrial, US addressed loans - $250k-1MM 92 $28,997 $315,185
    Farmland loans - <$1MM 198 $25,890 $130,758
    Farmland loans - <$100k 58 $2,404 $41,448
    Farmland loans - $100-250k 80 $9,057 $113,213
    Farmland loans - $250k-1MM 60 $14,429 $240,483
    Agriculture operations loans - <$1MM 301 $21,159 $70,296
    Agriculture operations loans - <$100k 207 $5,108 $24,676
    Agriculture operations loans - $100-250k 66 $7,557 $114,500
    Agriculture operations loans - $250k-1MM 28 $8,494 $303,357