Call reports 2014
PROGRESSIVE NATIONAL BANK — 2014
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 37,102,000 | 37,898,000 | 38,351,000 | 40,190,000 |
| Total loans | 18,085,000 | 18,021,000 | 18,512,000 | 19,127,000 |
| Allowance for loan losses | 169,000 | 171,000 | 176,000 | 179,000 |
| Securities available for sale | 2,210,000 | 1,803,000 | 5,586,000 | 5,247,000 |
| Securities held to maturity | 4,911,000 | 4,160,000 | 3,210,000 | 2,708,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,629,000 | 33,913,000 | 34,499,000 | 36,658,000 |
| Interest-bearing deposits | 25,376,000 | 25,795,000 | 26,149,000 | 28,511,000 |
| Noninterest-bearing deposits | 8,253,000 | 8,118,000 | 8,350,000 | 8,147,000 |
| Equity capital | 3,279,000 | 3,325,000 | 3,393,000 | 3,437,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 362,000 | 733,000 | 1,105,000 | 1,483,000 |
| Interest expense | 42,000 | 85,000 | 124,000 | 167,000 |
| Net interest income | 320,000 | 648,000 | 981,000 | 1,316,000 |
| Noninterest income | 136,000 | 256,000 | 424,000 | 566,000 |
| Noninterest expense | 385,000 | 756,000 | 1,157,000 | 1,574,000 |
| Provision for loan losses | 5,000 | 9,000 | 14,000 | 18,000 |
| Pretax income | 66,000 | 149,000 | 244,000 | 300,000 |
| Income tax | 20,000 | 46,000 | 76,000 | 83,000 |
| Net income | 46,000 | 103,000 | 168,000 | 217,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,258,000 | 3,317,000 | 3,380,000 | 3,429,000 |
| Total capital | 3,427,000 | 3,488,000 | 3,556,000 | 3,608,000 |
| Risk-weighted assets | 20,273,000 | 20,460,000 | 17,758,000 | 17,694,000 |