Call reports 2009
PROGRESSIVE NATIONAL BANK — 2009
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 27,584,000 | 27,676,000 | 29,659,000 | 29,939,000 |
| Total loans | 11,576,000 | 12,110,000 | 12,613,000 | 12,425,000 |
| Allowance for loan losses | 119,000 | 123,000 | 146,000 | 149,000 |
| Securities available for sale | 10,885,000 | 10,919,000 | 13,618,000 | 12,780,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,517,000 | 25,601,000 | 27,394,000 | 27,570,000 |
| Interest-bearing deposits | 19,797,000 | 19,957,000 | 20,799,000 | 21,107,000 |
| Noninterest-bearing deposits | 5,720,000 | 5,644,000 | 6,595,000 | 6,463,000 |
| Equity capital | 2,014,000 | 2,018,000 | 2,146,000 | 2,176,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 372,000 | 747,000 | 1,137,000 | 1,510,000 |
| Interest expense | 102,000 | 190,000 | 270,000 | 341,000 |
| Net interest income | 270,000 | 557,000 | 867,000 | 1,169,000 |
| Noninterest income | 69,000 | 166,000 | 305,000 | 412,000 |
| Noninterest expense | 283,000 | 591,000 | 940,000 | 1,314,000 |
| Provision for loan losses | 7,000 | 17,000 | 40,000 | 44,000 |
| Pretax income | 49,000 | 115,000 | 207,000 | 248,000 |
| Income tax | 0 | 0 | 0 | -27,000 |
| Net income | 49,000 | 115,000 | 207,000 | 275,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,920,000 | 1,986,000 | 2,077,000 | 2,145,000 |
| Total capital | 2,039,000 | 2,109,000 | 2,223,000 | 2,294,000 |
| Risk-weighted assets | 12,852,000 | 13,445,000 | 14,923,000 | 14,244,000 |