Call reports 2021
FIRST PROGRESSIVE BANK — 2021
What FIRST PROGRESSIVE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 31,942,000 | 32,193,000 | 32,203,000 | 32,169,000 |
| Total loans | 9,080,000 | 8,748,000 | 8,762,000 | 8,627,000 |
| Allowance for loan losses | 92,000 | 92,000 | 92,000 | 92,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 16,776,000 | 16,776,000 | 16,775,000 | 16,214,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,492,000 | 23,745,000 | 23,747,000 | 23,721,000 |
| Interest-bearing deposits | 9,981,000 | 10,292,000 | 10,261,000 | 10,005,000 |
| Noninterest-bearing deposits | 13,511,000 | 13,453,000 | 13,486,000 | 13,716,000 |
| Equity capital | 8,443,000 | 8,442,000 | 8,455,000 | 8,445,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 169,000 | 333,000 | 502,000 | 665,000 |
| Interest expense | 4,000 | 8,000 | 11,000 | 15,000 |
| Net interest income | 165,000 | 325,000 | 491,000 | 650,000 |
| Noninterest income | 3,000 | 7,000 | 11,000 | 16,000 |
| Noninterest expense | 191,000 | 358,000 | 510,000 | 684,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -23,000 | -26,000 | -8,000 | -18,000 |
| Income tax | 0 | -2,000 | 3,000 | 3,000 |
| Net income | -23,000 | -24,000 | -11,000 | -21,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,443,000 | 8,442,000 | 8,455,000 | 8,445,000 |