Call reports 2023
FIRST PROGRESSIVE BANK — 2023
What FIRST PROGRESSIVE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 33,448,000 | 33,643,000 | 33,638,000 | 33,211,000 |
| Total loans | 9,611,000 | 10,093,000 | 9,772,000 | 9,981,000 |
| Allowance for loan losses | 92,000 | 92,000 | 111,000 | 107,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 17,587,000 | 17,587,000 | 17,588,000 | 17,523,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,945,000 | 25,079,000 | 25,051,000 | 24,590,000 |
| Interest-bearing deposits | 11,418,000 | 11,120,000 | 10,965,000 | 10,730,000 |
| Noninterest-bearing deposits | 13,527,000 | 13,959,000 | 14,086,000 | 13,860,000 |
| Equity capital | 8,498,000 | 8,555,000 | 8,582,000 | 8,615,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 216,000 | 450,000 | 684,000 | 918,000 |
| Interest expense | 4,000 | 8,000 | 12,000 | 16,000 |
| Net interest income | 212,000 | 442,000 | 672,000 | 902,000 |
| Noninterest income | 7,000 | 8,000 | 12,000 | 15,000 |
| Noninterest expense | 204,000 | 376,000 | 549,000 | 746,000 |
| Provision for loan losses | 0 | 0 | 19,000 | 0 |
| Pretax income | 15,000 | 74,000 | 116,000 | 171,000 |
| Income tax | 0 | 5,000 | 20,000 | 27,000 |
| Net income | 15,000 | 69,000 | 96,000 | 144,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,498,000 | 8,555,000 | 8,582,000 | 8,615,000 |