Call reports 2003
PROGRESSIVE NATIONAL BANK — 2003
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 17,355,000 | 17,919,000 | 17,483,000 | 17,466,000 |
| Total loans | 9,227,000 | 9,254,000 | 8,783,000 | 8,501,000 |
| Allowance for loan losses | 99,000 | 101,000 | 106,000 | 107,000 |
| Securities available for sale | 3,970,000 | 4,960,000 | 5,019,000 | 5,171,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,916,000 | 16,467,000 | 16,014,000 | 16,016,000 |
| Interest-bearing deposits | 13,810,000 | 14,197,000 | 13,739,000 | 13,782,000 |
| Noninterest-bearing deposits | 2,106,000 | 2,270,000 | 2,275,000 | 2,234,000 |
| Equity capital | 1,397,000 | 1,410,000 | 1,412,000 | 1,405,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 257,000 | 495,000 | 740,000 | 974,000 |
| Interest expense | 75,000 | 148,000 | 217,000 | 276,000 |
| Net interest income | 182,000 | 347,000 | 523,000 | 698,000 |
| Noninterest income | 92,000 | 194,000 | 310,000 | 391,000 |
| Noninterest expense | 265,000 | 497,000 | 754,000 | 1,012,000 |
| Provision for loan losses | 0 | 2,000 | 7,000 | 18,000 |
| Pretax income | 9,000 | 42,000 | 74,000 | 61,000 |
| Income tax | -23,000 | -23,000 | -23,000 | -23,000 |
| Net income | 32,000 | 65,000 | 97,000 | 84,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,363,000 | 1,396,000 | 1,428,000 | 1,415,000 |
| Total capital | 1,462,000 | 1,497,000 | 1,534,000 | 1,522,000 |
| Risk-weighted assets | 9,104,000 | 9,306,000 | 9,242,000 | 9,133,000 |