Call reports 2014
FIRST PROGRESSIVE BANK — 2014
What FIRST PROGRESSIVE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 31,571,000 | 32,240,000 | 31,500,000 | 31,642,000 |
| Total loans | 8,908,000 | 8,943,000 | 9,093,000 | 9,174,000 |
| Allowance for loan losses | 167,000 | 80,000 | 101,000 | 106,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 19,130,000 | 19,125,000 | 19,119,000 | 19,029,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,566,000 | 24,193,000 | 23,436,000 | 23,575,000 |
| Interest-bearing deposits | 11,363,000 | 11,036,000 | 10,894,000 | 10,853,000 |
| Noninterest-bearing deposits | 12,203,000 | 13,157,000 | 12,542,000 | 12,722,000 |
| Equity capital | 7,972,000 | 8,007,000 | 8,037,000 | 8,044,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 238,000 | 476,000 | 726,000 | 984,000 |
| Interest expense | 12,000 | 25,000 | 37,000 | 50,000 |
| Net interest income | 226,000 | 451,000 | 689,000 | 934,000 |
| Noninterest income | 3,000 | 7,000 | 10,000 | 13,000 |
| Noninterest expense | 220,000 | 409,000 | 596,000 | 836,000 |
| Provision for loan losses | 0 | 3,000 | 24,000 | 29,000 |
| Pretax income | 9,000 | 46,000 | 79,000 | 82,000 |
| Income tax | 0 | 1,000 | 4,000 | 0 |
| Net income | 9,000 | 45,000 | 75,000 | 82,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,972,000 | 8,007,000 | 8,037,000 | 8,044,000 |
| Total capital | 8,123,000 | 8,087,000 | 8,138,000 | 8,150,000 |
| Risk-weighted assets | 12,058,000 | 12,744,000 | 12,222,000 | 12,362,000 |