Call reports 2016
PROGRESS BANK AND TRUST — 2016
What PROGRESS BANK AND TRUST reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 659,809,000 | 655,839,000 | 708,578,000 | 729,450,000 |
| Total loans | 487,513,000 | 516,535,000 | 526,402,000 | 549,960,000 |
| Allowance for loan losses | 4,635,000 | 4,456,000 | 4,441,000 | 4,432,000 |
| Securities available for sale | 75,932,000 | 75,806,000 | 72,396,000 | 73,699,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 869,000 | 916,000 | 761,000 | 402,000 |
| Total deposits | 559,283,000 | 555,205,000 | 607,408,000 | 635,374,000 |
| Interest-bearing deposits | 485,035,000 | 484,367,000 | 526,544,000 | 540,369,000 |
| Noninterest-bearing deposits | 74,248,000 | 70,838,000 | 80,864,000 | 95,005,000 |
| Equity capital | 64,513,000 | 66,388,000 | 67,634,000 | 67,523,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 5,862,000 | 11,628,000 | 17,672,000 | 24,213,000 |
| Interest expense | 840,000 | 1,704,000 | 2,614,000 | 3,565,000 |
| Net interest income | 5,022,000 | 9,924,000 | 15,058,000 | 20,648,000 |
| Noninterest income | 1,480,000 | 2,994,000 | 4,644,000 | 6,146,000 |
| Noninterest expense | 4,531,000 | 9,035,000 | 13,994,000 | 18,722,000 |
| Provision for loan losses | 100,000 | 100,000 | 100,000 | 100,000 |
| Pretax income | 1,959,000 | 3,882,000 | 5,834,000 | 8,198,000 |
| Income tax | 620,000 | 1,239,000 | 1,856,000 | 2,674,000 |
| Net income | 1,339,000 | 2,643,000 | 3,978,000 | 5,524,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,253,000 | 65,622,000 | 67,022,000 | 68,638,000 |
| Total capital | 68,888,000 | 70,078,000 | 71,463,000 | 73,070,000 |
| Risk-weighted assets | 589,913,000 | 612,120,000 | 635,007,000 | 669,503,000 |