Call reports 2020
CITIZENS PROGRESSIVE BANK — 2020
What CITIZENS PROGRESSIVE BANK 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 | 171,702,000 | 192,502,000 | 189,754,000 | 195,036,000 |
| Total loans | 128,210,000 | 137,606,000 | 133,563,000 | 132,561,000 |
| Allowance for loan losses | 1,052,000 | 1,082,000 | 1,151,000 | 1,082,000 |
| Securities available for sale | 10,770,000 | 11,293,000 | 11,586,000 | 10,851,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 150,470,000 | 167,017,000 | 167,524,000 | 174,035,000 |
| Interest-bearing deposits | 131,776,000 | 143,964,000 | 144,016,000 | 146,221,000 |
| Noninterest-bearing deposits | 18,694,000 | 23,053,000 | 23,508,000 | 27,814,000 |
| Equity capital | 20,307,000 | 20,508,000 | 20,838,000 | 20,257,000 |
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 | 2,192,000 | 4,345,000 | 6,449,000 | 8,724,000 |
| Interest expense | 527,000 | 1,003,000 | 1,444,000 | 1,852,000 |
| Net interest income | 1,665,000 | 3,342,000 | 5,005,000 | 6,872,000 |
| Noninterest income | 322,000 | 537,000 | 903,000 | 1,157,000 |
| Noninterest expense | 1,528,000 | 2,937,000 | 4,485,000 | 6,094,000 |
| Provision for loan losses | 135,000 | 210,000 | 318,000 | 378,000 |
| Pretax income | 324,000 | 767,000 | 1,183,000 | 1,635,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 324,000 | 767,000 | 1,183,000 | 1,635,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,708,000 | 15,942,000 | 16,272,000 | 15,660,000 |
| Total capital | 16,760,000 | — | — | — |
| Risk-weighted assets | 132,815,000 | — | — | — |