Call reports 2017
PROGRESS BANK AND TRUST — 2017
What PROGRESS BANK AND TRUST reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 734,979,000 | 1,022,368,000 | 1,025,317,000 | 1,020,823,000 |
| Total loans | 569,136,000 | 834,902,000 | 837,405,000 | 855,075,000 |
| Allowance for loan losses | 4,736,000 | 4,739,000 | 4,978,000 | 5,044,000 |
| Securities available for sale | 73,934,000 | 68,111,000 | 65,231,000 | 61,912,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 311,000 | 286,000 | 249,000 | 156,000 |
| Total deposits | 637,849,000 | 851,381,000 | 835,136,000 | 825,188,000 |
| Interest-bearing deposits | 547,041,000 | 718,931,000 | 704,759,000 | 697,540,000 |
| Noninterest-bearing deposits | 90,807,000 | 132,450,000 | 130,377,000 | 127,648,000 |
| Equity capital | 69,229,000 | 118,670,000 | 124,411,000 | 125,554,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 6,381,000 | 13,251,000 | 24,190,000 | 35,125,000 |
| Interest expense | 987,000 | 2,063,000 | 3,621,000 | 5,307,000 |
| Net interest income | 5,394,000 | 11,188,000 | 20,569,000 | 29,818,000 |
| Noninterest income | 1,608,000 | 3,340,000 | 5,255,000 | 7,302,000 |
| Noninterest expense | 4,783,000 | 9,813,000 | 16,909,000 | 23,723,000 |
| Provision for loan losses | 332,000 | 392,000 | 692,000 | 1,042,000 |
| Pretax income | 1,887,000 | 4,419,000 | 8,323,000 | 12,461,000 |
| Income tax | 615,000 | 1,401,000 | 2,578,000 | 5,419,000 |
| Net income | 1,272,000 | 3,018,000 | 5,745,000 | 7,042,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,956,000 | 99,165,000 | 105,447,000 | 106,913,000 |
| Total capital | 74,692,000 | 103,904,000 | 110,425,000 | 111,957,000 |
| Risk-weighted assets | 675,930,000 | 933,949,000 | 964,211,000 | 967,936,000 |