Call reports 2014
PROGRESS BANK AND TRUST — 2014
What PROGRESS BANK AND TRUST reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 546,390,000 | 563,051,000 | 570,433,000 | 580,039,000 |
| Total loans | 385,241,000 | 395,303,000 | 412,459,000 | 434,129,000 |
| Allowance for loan losses | 4,307,000 | 4,104,000 | 4,209,000 | 4,252,000 |
| Securities available for sale | 112,216,000 | 109,993,000 | 103,322,000 | 94,439,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 504,000 | 752,000 | 564,000 | 796,000 |
| Total deposits | 466,513,000 | 482,526,000 | 489,744,000 | 498,448,000 |
| Interest-bearing deposits | 416,144,000 | 427,429,000 | 432,305,000 | 438,859,000 |
| Noninterest-bearing deposits | 50,369,000 | 55,097,000 | 57,439,000 | 59,589,000 |
| Equity capital | 53,604,000 | 55,396,000 | 56,289,000 | 57,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,486,000 | 9,205,000 | 14,007,000 | 19,212,000 |
| Interest expense | 806,000 | 1,625,000 | 2,437,000 | 3,232,000 |
| Net interest income | 3,680,000 | 7,580,000 | 11,570,000 | 15,980,000 |
| Noninterest income | 667,000 | 1,669,000 | 3,074,000 | 4,314,000 |
| Noninterest expense | 3,678,000 | 7,651,000 | 11,968,000 | 16,265,000 |
| Provision for loan losses | 135,000 | 396,000 | 564,000 | 774,000 |
| Pretax income | 580,000 | 1,656,000 | 2,774,000 | 4,225,000 |
| Income tax | 110,000 | 418,000 | 741,000 | 1,177,000 |
| Net income | 470,000 | 1,238,000 | 2,033,000 | 3,048,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,467,000 | 56,347,000 | 56,967,000 | 58,036,000 |
| Total capital | 59,774,000 | 60,451,000 | 61,176,000 | 62,288,000 |
| Risk-weighted assets | 491,162,000 | 499,627,000 | 522,345,000 | 536,113,000 |