Call reports 2008
PROGRESSIVE NATIONAL BANK — 2008
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 21,526,000 | 22,910,000 | 24,910,000 | 25,938,000 |
| Total loans | 12,178,000 | 12,037,000 | 11,412,000 | 11,376,000 |
| Allowance for loan losses | 114,000 | 116,000 | 117,000 | 116,000 |
| Securities available for sale | 5,104,000 | 6,536,000 | 9,203,000 | 10,542,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,632,000 | 21,040,000 | 22,531,000 | 23,653,000 |
| Interest-bearing deposits | 15,557,000 | 16,658,000 | 18,067,000 | 19,233,000 |
| Noninterest-bearing deposits | 4,075,000 | 4,382,000 | 4,464,000 | 4,420,000 |
| Equity capital | 1,788,000 | 1,770,000 | 1,795,000 | 1,879,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 352,000 | 703,000 | 1,084,000 | 1,464,000 |
| Interest expense | 153,000 | 285,000 | 408,000 | 528,000 |
| Net interest income | 199,000 | 418,000 | 676,000 | 936,000 |
| Noninterest income | 77,000 | 153,000 | 231,000 | 315,000 |
| Noninterest expense | 265,000 | 529,000 | 803,000 | 1,122,000 |
| Provision for loan losses | 2,000 | 3,000 | 8,000 | 20,000 |
| Pretax income | 9,000 | 39,000 | 96,000 | 109,000 |
| Income tax | 0 | 0 | 0 | -33,000 |
| Net income | 9,000 | 39,000 | 96,000 | 142,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,738,000 | 1,768,000 | 1,824,000 | 1,870,000 |
| Total capital | 1,852,000 | 1,884,000 | 1,941,000 | 1,986,000 |
| Risk-weighted assets | 12,829,000 | 12,969,000 | 12,888,000 | 12,689,000 |