Call reports 2020
FIRST PROGRESSIVE BANK — 2020
What FIRST PROGRESSIVE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 30,082,000 | 30,474,000 | 29,812,000 | 31,725,000 |
| Total loans | 9,274,000 | 9,800,000 | 9,695,000 | 9,675,000 |
| Allowance for loan losses | 92,000 | 92,000 | 92,000 | 92,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 16,779,000 | 16,779,000 | 16,778,000 | 16,777,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 21,663,000 | 22,011,000 | 21,341,000 | 23,253,000 |
| Interest-bearing deposits | 10,496,000 | 10,442,000 | 8,604,000 | 10,017,000 |
| Noninterest-bearing deposits | 11,167,000 | 11,569,000 | 12,737,000 | 13,236,000 |
| Equity capital | 8,398,000 | 8,436,000 | 8,463,000 | 8,466,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 209,000 | 404,000 | 598,000 | 788,000 |
| Interest expense | 6,000 | 12,000 | 16,000 | 19,000 |
| Net interest income | 203,000 | 392,000 | 582,000 | 769,000 |
| Noninterest income | 4,000 | 8,000 | 11,000 | 13,000 |
| Noninterest expense | 186,000 | 341,000 | 494,000 | 682,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 21,000 | 59,000 | 99,000 | 100,000 |
| Income tax | 0 | 0 | 13,000 | 11,000 |
| Net income | 21,000 | 59,000 | 86,000 | 89,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,398,000 | 8,436,000 | 8,463,000 | 8,466,000 |