Call reports 2008
PROGRESSIVE BANK, NATIONAL ASSOCIATION — 2008
What PROGRESSIVE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 258,217,000 | 256,816,000 | 261,646,000 | 257,765,000 |
| Total loans | 120,954,000 | 119,704,000 | 121,220,000 | 124,635,000 |
| Allowance for loan losses | 2,038,000 | 1,945,000 | 1,947,000 | 1,923,000 |
| Securities available for sale | 104,087,000 | 109,302,000 | 106,719,000 | 111,792,000 |
| Securities held to maturity | 664,000 | 500,000 | 500,000 | 320,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 208,011,000 | 208,164,000 | 210,022,000 | 206,504,000 |
| Interest-bearing deposits | 182,422,000 | 182,831,000 | 185,638,000 | 182,277,000 |
| Noninterest-bearing deposits | 25,589,000 | 25,333,000 | 24,384,000 | 24,227,000 |
| Equity capital | 27,863,000 | 26,937,000 | 26,890,000 | 28,480,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,477,000 | 6,802,000 | 10,166,000 | 13,497,000 |
| Interest expense | 1,353,000 | 2,650,000 | 3,980,000 | 5,275,000 |
| Net interest income | 2,124,000 | 4,152,000 | 6,186,000 | 8,222,000 |
| Noninterest income | 348,000 | 682,000 | 1,037,000 | 1,375,000 |
| Noninterest expense | 1,750,000 | 3,447,000 | 5,168,000 | 6,936,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 835,000 | 1,500,000 | 2,168,000 | 2,774,000 |
| Income tax | 195,000 | 333,000 | 471,000 | 528,000 |
| Net income | 640,000 | 1,167,000 | 1,697,000 | 2,246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,212,000 | 25,448,000 | 25,688,000 | 25,934,000 |
| Total capital | 26,970,000 | 27,254,000 | 27,557,000 | 27,788,000 |
| Risk-weighted assets | 140,344,000 | 144,310,000 | 149,402,000 | 148,255,000 |
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