Call reports 2024
FIRST PROGRESSIVE BANK — 2024
What FIRST PROGRESSIVE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 33,512,000 | 32,981,000 | 32,764,000 | 32,651,000 |
| Total loans | 10,731,000 | 10,749,000 | 10,481,000 | 10,604,000 |
| Allowance for loan losses | 128,000 | 133,000 | 124,000 | 122,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 17,523,000 | 17,523,000 | 17,523,000 | 17,454,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,887,000 | 24,297,000 | 24,026,000 | 23,878,000 |
| Interest-bearing deposits | 9,708,000 | 9,697,000 | 9,576,000 | 9,481,000 |
| Noninterest-bearing deposits | 15,179,000 | 14,600,000 | 14,450,000 | 14,397,000 |
| Equity capital | 8,619,000 | 8,677,000 | 8,733,000 | 8,767,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 238,000 | 488,000 | 725,000 | 964,000 |
| Interest expense | 4,000 | 7,000 | 11,000 | 15,000 |
| Net interest income | 234,000 | 481,000 | 714,000 | 949,000 |
| Noninterest income | 4,000 | 9,000 | 15,000 | 18,000 |
| Noninterest expense | 213,000 | 386,000 | 558,000 | 756,000 |
| Provision for loan losses | 21,000 | 26,000 | 17,000 | 15,000 |
| Pretax income | 4,000 | 78,000 | 154,000 | 196,000 |
| Income tax | 0 | 17,000 | 36,000 | 45,000 |
| Net income | 4,000 | 61,000 | 118,000 | 151,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,619,000 | 8,677,000 | 8,733,000 | 8,767,000 |