Call reports 2010
PROGRESSIVE NATIONAL BANK — 2010
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 30,692,000 | 31,662,000 | 32,515,000 | 31,859,000 |
| Total loans | 13,065,000 | 13,100,000 | 13,310,000 | 13,543,000 |
| Allowance for loan losses | 153,000 | 157,000 | 158,000 | 158,000 |
| Securities available for sale | 12,741,000 | 12,814,000 | 13,653,000 | 12,907,000 |
| Securities held to maturity | 0 | 0 | 0 | 1,344,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,369,000 | 28,889,000 | 29,658,000 | 28,952,000 |
| Interest-bearing deposits | 22,090,000 | 23,176,000 | 23,556,000 | 22,765,000 |
| Noninterest-bearing deposits | 6,279,000 | 5,713,000 | 6,102,000 | 6,187,000 |
| Equity capital | 2,267,000 | 2,666,000 | 2,781,000 | 2,519,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 371,000 | 746,000 | 1,122,000 | 1,511,000 |
| Interest expense | 67,000 | 134,000 | 197,000 | 260,000 |
| Net interest income | 304,000 | 612,000 | 925,000 | 1,251,000 |
| Noninterest income | 115,000 | 249,000 | 374,000 | 488,000 |
| Noninterest expense | 356,000 | 717,000 | 1,117,000 | 1,506,000 |
| Provision for loan losses | 5,000 | 9,000 | 12,000 | 15,000 |
| Pretax income | 59,000 | 137,000 | 218,000 | 277,000 |
| Income tax | 0 | 0 | 0 | 72,000 |
| Net income | 59,000 | 137,000 | 218,000 | 205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,204,000 | 2,580,000 | 2,661,000 | 2,648,000 |
| Total capital | 2,357,000 | 2,737,000 | 2,819,000 | 2,806,000 |
| Risk-weighted assets | 14,623,000 | 15,008,000 | 15,494,000 | 15,767,000 |