Call reports 2011
PROGRESSIVE NATIONAL BANK — 2011
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 32,936,000 | 33,056,000 | 33,681,000 | 35,497,000 |
| Total loans | 14,785,000 | 14,971,000 | 14,803,000 | 15,475,000 |
| Allowance for loan losses | 152,000 | 157,000 | 153,000 | 155,000 |
| Securities available for sale | 8,381,000 | 5,699,000 | 4,028,000 | 4,259,000 |
| Securities held to maturity | 1,344,000 | 1,343,000 | 1,697,000 | 4,871,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,256,000 | 30,231,000 | 30,434,000 | 32,631,000 |
| Interest-bearing deposits | 22,727,000 | 22,437,000 | 23,020,000 | 24,762,000 |
| Noninterest-bearing deposits | 7,529,000 | 7,794,000 | 7,414,000 | 7,869,000 |
| Equity capital | 2,631,000 | 2,759,000 | 2,795,000 | 2,818,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 360,000 | 708,000 | 1,051,000 | 1,411,000 |
| Interest expense | 51,000 | 99,000 | 146,000 | 190,000 |
| Net interest income | 309,000 | 609,000 | 905,000 | 1,221,000 |
| Noninterest income | 93,000 | 240,000 | 357,000 | 502,000 |
| Noninterest expense | 339,000 | 701,000 | 1,066,000 | 1,446,000 |
| Provision for loan losses | 3,000 | 9,000 | 12,000 | 15,000 |
| Pretax income | 24,000 | 98,000 | 146,000 | 224,000 |
| Income tax | 0 | 18,000 | 32,000 | 81,000 |
| Net income | 24,000 | 80,000 | 114,000 | 143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,672,000 | 2,728,000 | 2,762,000 | 2,791,000 |
| Total capital | 2,824,000 | 2,885,000 | 2,915,000 | 2,946,000 |
| Risk-weighted assets | 16,257,000 | 15,168,000 | 15,275,000 | 16,621,000 |