Call reports 2017
PROGRESSIVE BANK, NATIONAL ASSOCIATION — 2017
What PROGRESSIVE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 342,624,000 | 355,394,000 | 342,730,000 | 333,946,000 |
| Total loans | 97,342,000 | 100,198,000 | 101,242,000 | 100,984,000 |
| Allowance for loan losses | 1,797,000 | 1,775,000 | 1,771,000 | 1,771,000 |
| Securities available for sale | 210,953,000 | 207,073,000 | 204,894,000 | 198,034,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 285,273,000 | 300,349,000 | 285,437,000 | 280,939,000 |
| Interest-bearing deposits | 238,416,000 | 234,383,000 | 235,880,000 | 236,226,000 |
| Noninterest-bearing deposits | 46,857,000 | 65,966,000 | 49,557,000 | 44,713,000 |
| Equity capital | 33,150,000 | 33,189,000 | 33,390,000 | 31,845,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,386,000 | 4,951,000 | 7,385,000 | 9,808,000 |
| Interest expense | 239,000 | 472,000 | 702,000 | 937,000 |
| Net interest income | 2,147,000 | 4,479,000 | 6,683,000 | 8,871,000 |
| Noninterest income | 245,000 | 513,000 | 737,000 | 889,000 |
| Noninterest expense | 2,067,000 | 4,175,000 | 6,151,000 | 8,111,000 |
| Provision for loan losses | 0 | 1,075,000 | 1,075,000 | 1,075,000 |
| Pretax income | 325,000 | -258,000 | 198,000 | 578,000 |
| Income tax | 16,000 | -304,000 | -219,000 | 313,000 |
| Net income | 309,000 | 46,000 | 417,000 | 265,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,077,000 | 31,500,000 | 31,501,000 | 30,992,000 |
| Total capital | 33,874,000 | 33,275,000 | 33,272,000 | 32,763,000 |
| Risk-weighted assets | 150,032,000 | 151,018,000 | 150,490,000 | 146,736,000 |