Call reports 2010
FIRST PROGRESSIVE BANK — 2010
What FIRST PROGRESSIVE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 28,196,000 | 27,974,000 | 27,944,000 | 28,228,000 |
| Total loans | 8,148,000 | 8,050,000 | 8,053,000 | 8,246,000 |
| Allowance for loan losses | 167,000 | 167,000 | 167,000 | 167,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 14,128,000 | 14,127,000 | 15,557,000 | 14,830,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,483,000 | 20,225,000 | 20,216,000 | 20,508,000 |
| Interest-bearing deposits | 9,500,000 | 9,270,000 | 8,471,000 | 8,762,000 |
| Noninterest-bearing deposits | 10,983,000 | 10,955,000 | 11,745,000 | 11,746,000 |
| Equity capital | 7,662,000 | 7,684,000 | 7,697,000 | 7,699,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 240,000 | 460,000 | 677,000 | 898,000 |
| Interest expense | 32,000 | 54,000 | 68,000 | 83,000 |
| Net interest income | 208,000 | 406,000 | 609,000 | 815,000 |
| Noninterest income | 8,000 | 12,000 | 16,000 | 21,000 |
| Noninterest expense | 215,000 | 395,000 | 587,000 | 807,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,000 | 25,000 | 40,000 | 31,000 |
| Income tax | 0 | 0 | 2,000 | -9,000 |
| Net income | 3,000 | 25,000 | 38,000 | 40,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,662,000 | 7,684,000 | 7,697,000 | 7,699,000 |
| Total capital | 7,799,000 | 7,820,000 | 7,830,000 | 7,837,000 |
| Risk-weighted assets | 10,970,000 | 10,847,000 | 10,751,000 | 11,020,000 |