Call reports 2007
PROGRESSIVE NATIONAL BANK — 2007
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 18,766,000 | 18,950,000 | 19,973,000 | 21,599,000 |
| Total loans | 10,282,000 | 11,051,000 | 11,497,000 | 12,259,000 |
| Allowance for loan losses | 138,000 | 140,000 | 133,000 | 120,000 |
| Securities available for sale | 4,505,000 | 3,960,000 | 4,719,000 | 4,009,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,992,000 | 16,450,000 | 17,674,000 | 19,223,000 |
| Interest-bearing deposits | 13,503,000 | 13,341,000 | 14,308,000 | 15,334,000 |
| Noninterest-bearing deposits | 3,489,000 | 3,109,000 | 3,366,000 | 3,889,000 |
| Equity capital | 1,693,000 | 1,660,000 | 1,701,000 | 1,748,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 303,000 | 620,000 | 966,000 | 1,329,000 |
| Interest expense | 127,000 | 259,000 | 402,000 | 558,000 |
| Net interest income | 176,000 | 361,000 | 564,000 | 771,000 |
| Noninterest income | 74,000 | 161,000 | 227,000 | 296,000 |
| Noninterest expense | 256,000 | 522,000 | 784,000 | 1,053,000 |
| Provision for loan losses | 2,000 | 3,000 | 4,000 | 6,000 |
| Pretax income | -8,000 | -3,000 | 3,000 | 9,000 |
| Income tax | 0 | 0 | 0 | -8,000 |
| Net income | -8,000 | -3,000 | 3,000 | 17,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,703,000 | 1,708,000 | 1,714,000 | 1,728,000 |
| Total capital | 1,826,000 | 1,848,000 | 1,847,000 | 1,848,000 |
| Risk-weighted assets | 9,816,000 | 11,410,000 | 12,011,000 | 12,801,000 |