Call reports 2016
PROGRESSIVE BANK, NATIONAL ASSOCIATION — 2016
What PROGRESSIVE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 347,067,000 | 337,102,000 | 340,907,000 | 334,873,000 |
| Total loans | 94,236,000 | 98,304,000 | 97,404,000 | 97,092,000 |
| Allowance for loan losses | 1,799,000 | 1,796,000 | 1,794,000 | 1,797,000 |
| Securities available for sale | 203,352,000 | 205,734,000 | 203,960,000 | 196,885,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 278,469,000 | 274,245,000 | 275,191,000 | 275,748,000 |
| Interest-bearing deposits | 236,227,000 | 231,774,000 | 236,800,000 | 237,996,000 |
| Noninterest-bearing deposits | 42,242,000 | 42,471,000 | 38,391,000 | 37,752,000 |
| Equity capital | 36,784,000 | 37,566,000 | 37,043,000 | 32,835,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,317,000 | 4,642,000 | 6,902,000 | 9,184,000 |
| Interest expense | 318,000 | 624,000 | 929,000 | 1,191,000 |
| Net interest income | 1,999,000 | 4,018,000 | 5,973,000 | 7,993,000 |
| Noninterest income | 245,000 | 488,000 | 725,000 | 956,000 |
| Noninterest expense | 1,980,000 | 4,052,000 | 6,191,000 | 8,275,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 812,000 | 1,002,000 | 1,608,000 | 1,775,000 |
| Income tax | 155,000 | 98,000 | 202,000 | 222,000 |
| Net income | 657,000 | 904,000 | 1,406,000 | 1,553,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,405,000 | 32,258,000 | 32,422,000 | 32,141,000 |
| Total capital | 34,182,000 | 34,047,000 | 34,201,000 | 33,938,000 |
| Risk-weighted assets | 141,694,000 | 142,621,000 | 141,819,000 | 145,987,000 |