Call reports 2008

PROGRESS BANK AND TRUST — 2008

Name: PROGRESS BANK AND TRUST — FFIEC call report 2008
Creator: PROGRESS BANK AND TRUST

What PROGRESS BANK AND TRUST reported to the FFIEC in 2008, quarter by quarter.

PERIOD: 2008SOURCE: FFIEC Call ReportEvery measure source-linked

Cite: FACTANKER, https://factanker.com/entity/88dd2de0-ce96-4bb9-b5ac-aef67676491b/2008

Balance sheet

What the bank holds and owes at quarter end

Measure	2008Q1	2008Q2	2008Q3	2008Q4
Total assets	45,246,000	65,916,000	102,308,000	136,211,000
Total loans	6,086,000	32,137,000	66,076,000	102,397,000
Allowance for loan losses	73,000	393,000	811,000	1,266,000
Securities available for sale	7,077,000	15,458,000	17,136,000	21,295,000
Securities held to maturity	0	0	0	0
Trading assets	0	0	0	0
Total deposits	16,825,000	38,842,000	70,949,000	109,859,000
Interest-bearing deposits	14,946,000	33,249,000	64,035,000	101,649,000
Noninterest-bearing deposits	1,879,000	5,593,000	6,914,000	8,210,000
Equity capital	28,326,000	26,745,000	25,954,000	25,116,000

Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year

Measure	2008Q1	2008Q2	2008Q3	2008Q4
Interest income	528,000	1,156,000	2,194,000	3,499,000
Interest expense	72,000	228,000	567,000	1,214,000
Net interest income	456,000	928,000	1,627,000	2,285,000
Noninterest income	1,000	5,000	10,000	17,000
Noninterest expense	2,521,000	4,002,000	5,487,000	7,021,000
Provision for loan losses	73,000	395,000	812,000	1,268,000
Pretax income	-2,137,000	-3,464,000	-4,662,000	-5,980,000
Income tax	0	0	0	0
Net income	-2,137,000	-3,464,000	-4,662,000	-5,980,000

Basel measures — not reported for every quarter

Measure	2008Q1	2008Q2	2008Q3	2008Q4
Tier 1 capital	28,324,000	27,078,000	25,979,000	24,810,000
Total capital	28,397,000	27,471,000	26,790,000	26,076,000
Risk-weighted assets	15,727,000	43,968,000	82,703,000	119,784,000