Call reports 2020
PROGRESS BANK AND TRUST — 2020
What PROGRESS BANK AND TRUST reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,249,282,000 | 1,461,766,000 | 1,548,435,000 | 1,579,238,000 |
| Total loans | 1,020,324,000 | 1,215,381,000 | 1,272,042,000 | 1,230,761,000 |
| Allowance for loan losses | 8,609,000 | 10,746,000 | 11,457,000 | 12,022,000 |
| Securities available for sale | 57,892,000 | 43,950,000 | 52,721,000 | 55,674,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 2,797,000 | 3,236,000 | 3,284,000 | 2,801,000 |
| Total deposits | 1,086,222,000 | 1,289,755,000 | 1,371,841,000 | 1,398,197,000 |
| Interest-bearing deposits | 906,067,000 | 1,020,002,000 | 1,091,264,000 | 1,098,961,000 |
| Noninterest-bearing deposits | 180,155,000 | 269,753,000 | 280,577,000 | 299,236,000 |
| Equity capital | 150,912,000 | 156,807,000 | 160,592,000 | 165,851,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 12,726,000 | 31,723,000 | 44,759,000 | 58,097,000 |
| Interest expense | 3,510,000 | 5,972,000 | 8,189,000 | 10,087,000 |
| Net interest income | 9,216,000 | 25,751,000 | 36,570,000 | 48,010,000 |
| Noninterest income | 2,463,000 | 6,081,000 | 11,213,000 | 17,650,000 |
| Noninterest expense | 8,083,000 | 18,156,000 | 28,530,000 | 39,308,000 |
| Provision for loan losses | 360,000 | 2,514,000 | 3,215,000 | 4,015,000 |
| Pretax income | 3,236,000 | 11,642,000 | 16,518,000 | 22,817,000 |
| Income tax | 682,000 | 2,641,000 | 3,693,000 | 5,142,000 |
| Net income | 2,554,000 | 9,001,000 | 12,825,000 | 17,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 130,548,000 | 136,656,000 | 140,413,000 | 145,424,000 |
| Total capital | 139,157,000 | 147,402,000 | 151,870,000 | 157,446,000 |
| Risk-weighted assets | 1,192,969,000 | 1,200,489,000 | 1,253,784,000 | 1,302,813,000 |