Call reports 2013
PROGRESSIVE NATIONAL BANK — 2013
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 36,294,000 | 35,474,000 | 35,718,000 | 36,070,000 |
| Total loans | 16,500,000 | 16,541,000 | 17,546,000 | 17,649,000 |
| Allowance for loan losses | 168,000 | 162,000 | 166,000 | 167,000 |
| Securities available for sale | 2,027,000 | 2,205,000 | 2,476,000 | 2,475,000 |
| Securities held to maturity | 4,217,000 | 3,965,000 | 4,463,000 | 4,662,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,946,000 | 32,050,000 | 32,157,000 | 32,640,000 |
| Interest-bearing deposits | 25,154,000 | 24,058,000 | 24,372,000 | 25,089,000 |
| Noninterest-bearing deposits | 7,792,000 | 7,992,000 | 7,785,000 | 7,551,000 |
| Equity capital | 3,087,000 | 3,208,000 | 3,267,000 | 3,224,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 353,000 | 703,000 | 1,075,000 | 1,447,000 |
| Interest expense | 41,000 | 81,000 | 122,000 | 166,000 |
| Net interest income | 312,000 | 622,000 | 953,000 | 1,281,000 |
| Noninterest income | 124,000 | 383,000 | 522,000 | 564,000 |
| Noninterest expense | 361,000 | 728,000 | 1,104,000 | 1,512,000 |
| Provision for loan losses | 5,000 | 9,000 | 14,000 | 18,000 |
| Pretax income | 70,000 | 268,000 | 357,000 | 317,000 |
| Income tax | 25,000 | 95,000 | 114,000 | 121,000 |
| Net income | 45,000 | 173,000 | 243,000 | 196,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,062,000 | 3,190,000 | 3,259,000 | 3,212,000 |
| Total capital | 3,230,000 | 3,352,000 | 3,425,000 | 3,380,000 |
| Risk-weighted assets | 17,113,000 | 17,122,000 | 19,081,000 | 19,924,000 |