Call reports 2023
CITIZENS PROGRESSIVE BANK — 2023
What CITIZENS PROGRESSIVE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 252,273,000 | 269,760,000 | 265,846,000 | 266,927,000 |
| Total loans | 191,961,000 | 203,059,000 | 199,871,000 | 205,781,000 |
| Allowance for loan losses | 1,475,000 | 1,435,000 | 1,411,000 | 1,644,000 |
| Securities available for sale | 8,077,000 | 7,987,000 | 7,928,000 | 12,427,000 |
| Securities held to maturity | 1,332,000 | 1,337,000 | 1,342,000 | 1,347,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 223,843,000 | 240,462,000 | 229,525,000 | 235,173,000 |
| Interest-bearing deposits | 196,242,000 | 215,184,000 | 204,955,000 | 208,786,000 |
| Noninterest-bearing deposits | 27,601,000 | 25,278,000 | 24,570,000 | 26,387,000 |
| Equity capital | 26,856,000 | 27,361,000 | 34,128,000 | 30,256,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,413,000 | 7,372,000 | 11,427,000 | 15,518,000 |
| Interest expense | 794,000 | 2,155,000 | 3,765,000 | 5,660,000 |
| Net interest income | 2,619,000 | 5,217,000 | 7,662,000 | 9,858,000 |
| Noninterest income | 465,000 | 1,015,000 | 7,818,000 | 8,773,000 |
| Noninterest expense | 2,290,000 | 4,845,000 | 7,230,000 | 10,432,000 |
| Provision for loan losses | 0 | 0 | 0 | 250,000 |
| Pretax income | 794,000 | 1,387,000 | 8,250,000 | 7,949,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 794,000 | 1,387,000 | 8,250,000 | 7,949,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,330,000 | 22,850,000 | 29,642,000 | 25,448,000 |