Call reports 2021
PROGRESS BANK AND TRUST — 2021
What PROGRESS BANK AND TRUST reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,638,103,000 | 1,632,550,000 | 1,693,296,000 | 1,779,568,000 |
| Total loans | 1,261,495,000 | 1,239,743,000 | 1,241,442,000 | 1,248,635,000 |
| Allowance for loan losses | 12,825,000 | 12,952,000 | 13,037,000 | 13,061,000 |
| Securities available for sale | 57,117,000 | 73,900,000 | 83,527,000 | 96,673,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 519,000 | 602,000 | 306,000 | 572,000 |
| Total deposits | 1,462,070,000 | 1,451,377,000 | 1,507,907,000 | 1,585,849,000 |
| Interest-bearing deposits | 1,106,286,000 | 1,093,415,000 | 1,136,499,000 | 1,161,921,000 |
| Noninterest-bearing deposits | 355,784,000 | 357,962,000 | 371,408,000 | 423,928,000 |
| Equity capital | 162,285,000 | 167,811,000 | 173,494,000 | 178,658,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 12,991,000 | 27,906,000 | 43,637,000 | 59,663,000 |
| Interest expense | 1,730,000 | 3,355,000 | 4,830,000 | 6,287,000 |
| Net interest income | 11,261,000 | 24,551,000 | 38,807,000 | 53,376,000 |
| Noninterest income | 6,630,000 | 11,879,000 | 16,717,000 | 20,760,000 |
| Noninterest expense | 11,125,000 | 23,387,000 | 35,348,000 | 47,027,000 |
| Provision for loan losses | 800,000 | 925,000 | 925,000 | 925,000 |
| Pretax income | 5,997,000 | 12,149,000 | 19,928,000 | 26,861,000 |
| Income tax | 1,287,000 | 2,707,000 | 4,440,000 | 5,881,000 |
| Net income | 4,710,000 | 9,442,000 | 15,488,000 | 20,980,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,558,000 | 147,506,000 | 153,733,000 | 159,509,000 |
| Total capital | 155,383,000 | 160,458,000 | 166,770,000 | 172,570,000 |
| Risk-weighted assets | 1,310,853,000 | 1,303,675,000 | 1,312,068,000 | 1,408,248,000 |