Call reports 2014
CITIZENS PROGRESSIVE BANK — 2014
What CITIZENS PROGRESSIVE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 93,232,000 | 99,587,000 | 99,645,000 | 104,440,000 |
| Total loans | 69,635,000 | 77,654,000 | 78,012,000 | 76,447,000 |
| Allowance for loan losses | 742,000 | 686,000 | 675,000 | 634,000 |
| Securities available for sale | 6,525,000 | 6,544,000 | 6,546,000 | 6,533,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,970,000 | 85,743,000 | 85,139,000 | 90,500,000 |
| Interest-bearing deposits | 65,550,000 | 71,323,000 | 70,309,000 | 74,624,000 |
| Noninterest-bearing deposits | 14,420,000 | 14,420,000 | 14,830,000 | 15,876,000 |
| Equity capital | 12,979,000 | 13,441,000 | 13,963,000 | 13,725,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,240,000 | 2,622,000 | 4,055,000 | 5,444,000 |
| Interest expense | 167,000 | 343,000 | 531,000 | 718,000 |
| Net interest income | 1,073,000 | 2,279,000 | 3,524,000 | 4,726,000 |
| Noninterest income | 152,000 | 343,000 | 558,000 | 750,000 |
| Noninterest expense | 876,000 | 1,831,000 | 2,752,000 | 3,815,000 |
| Provision for loan losses | 60,000 | 100,000 | 120,000 | 185,000 |
| Pretax income | 289,000 | 691,000 | 1,210,000 | 1,476,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 289,000 | 691,000 | 1,210,000 | 1,476,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,333,000 | 8,703,000 | 9,191,000 | 8,927,000 |
| Total capital | 9,075,000 | 9,389,000 | 9,866,000 | 9,561,000 |
| Risk-weighted assets | 73,183,000 | 78,811,000 | 78,987,000 | 79,662,000 |