Call reports 2024
CITIZENS PROGRESSIVE BANK — 2024
What CITIZENS PROGRESSIVE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 270,828,000 | 300,881,000 | 299,199,000 | 284,303,000 |
| Total loans | 216,656,000 | 234,498,000 | 230,714,000 | 223,461,000 |
| Allowance for loan losses | 1,612,000 | 1,458,000 | 1,392,000 | 1,553,000 |
| Securities available for sale | 11,578,000 | 10,307,000 | 11,237,000 | 12,841,000 |
| Securities held to maturity | 1,352,000 | 1,358,000 | 1,363,000 | 1,368,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 238,050,000 | 267,648,000 | 264,756,000 | 252,130,000 |
| Interest-bearing deposits | 191,145,000 | 242,500,000 | 239,475,000 | 229,499,000 |
| Noninterest-bearing deposits | 46,905,000 | 25,148,000 | 25,281,000 | 22,631,000 |
| Equity capital | 30,585,000 | 30,646,000 | 31,206,000 | 30,013,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,324,000 | 9,058,000 | 14,056,000 | 18,978,000 |
| Interest expense | 1,975,000 | 4,311,000 | 6,830,000 | 9,201,000 |
| Net interest income | 2,349,000 | 4,747,000 | 7,226,000 | 9,777,000 |
| Noninterest income | 591,000 | 1,177,000 | 1,773,000 | 2,635,000 |
| Noninterest expense | 2,494,000 | 5,259,000 | 7,854,000 | 11,096,000 |
| Provision for loan losses | 0 | 0 | 0 | 250,000 |
| Pretax income | 446,000 | 665,000 | 1,145,000 | 1,066,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 446,000 | 665,000 | 1,145,000 | 1,066,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,848,000 | 25,973,000 | 26,406,000 | 25,531,000 |