Call reports 2008
CITIZENS PROGRESSIVE BANK — 2008
What CITIZENS PROGRESSIVE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 52,030,000 | 52,062,000 | 54,939,000 | 55,199,000 |
| Total loans | 34,344,000 | 36,922,000 | 36,254,000 | 34,751,000 |
| Allowance for loan losses | 374,000 | 426,000 | 493,000 | 469,000 |
| Securities available for sale | 3,696,000 | 4,900,000 | 5,305,000 | 8,398,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,692,000 | 39,638,000 | 42,244,000 | 42,701,000 |
| Interest-bearing deposits | 30,395,000 | 30,468,000 | 32,913,000 | 33,094,000 |
| Noninterest-bearing deposits | 9,297,000 | 9,170,000 | 9,331,000 | 9,607,000 |
| Equity capital | 9,123,000 | 9,153,000 | 9,342,000 | 9,247,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 874,000 | 1,755,000 | 2,664,000 | 3,526,000 |
| Interest expense | 258,000 | 534,000 | 803,000 | 1,068,000 |
| Net interest income | 616,000 | 1,221,000 | 1,861,000 | 2,458,000 |
| Noninterest income | 129,000 | 261,000 | 393,000 | 528,000 |
| Noninterest expense | 450,000 | 930,000 | 1,434,000 | 2,005,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 250,000 | 462,000 | 685,000 | 841,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 250,000 | 462,000 | 685,000 | 841,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,595,000 | 4,731,000 | 4,882,000 | 4,574,000 |
| Total capital | 4,969,000 | 5,157,000 | 5,372,000 | 5,043,000 |
| Risk-weighted assets | 37,280,000 | 39,486,000 | 39,212,000 | 40,005,000 |