Call reports 2016
PROGRESSIVE NATIONAL BANK — 2016
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 42,625,000 | 43,806,000 | 43,896,000 | 43,905,000 |
| Total loans | 18,331,000 | 18,301,000 | 21,756,000 | 24,200,000 |
| Allowance for loan losses | 201,000 | 203,000 | 207,000 | 221,000 |
| Securities available for sale | 6,624,000 | 9,118,000 | 6,877,000 | 8,859,000 |
| Securities held to maturity | 3,285,000 | 2,783,000 | 2,782,000 | 1,431,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,780,000 | 39,895,000 | 39,973,000 | 40,066,000 |
| Interest-bearing deposits | 30,564,000 | 31,509,000 | 30,653,000 | 30,783,000 |
| Noninterest-bearing deposits | 8,216,000 | 8,386,000 | 9,320,000 | 9,283,000 |
| Equity capital | 3,696,000 | 3,759,000 | 3,777,000 | 3,666,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 367,000 | 751,000 | 1,156,000 | 1,586,000 |
| Interest expense | 44,000 | 90,000 | 136,000 | 184,000 |
| Net interest income | 323,000 | 661,000 | 1,020,000 | 1,402,000 |
| Noninterest income | 106,000 | 225,000 | 352,000 | 481,000 |
| Noninterest expense | 367,000 | 742,000 | 1,137,000 | 1,721,000 |
| Provision for loan losses | 5,000 | 9,000 | 13,000 | 28,000 |
| Pretax income | 57,000 | 135,000 | 222,000 | 134,000 |
| Income tax | 18,000 | 41,000 | 61,000 | 58,000 |
| Net income | 39,000 | 94,000 | 161,000 | 76,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,686,000 | 3,741,000 | 3,771,000 | 3,706,000 |
| Total capital | 3,887,000 | 3,944,000 | 3,978,000 | 3,927,000 |
| Risk-weighted assets | 18,234,000 | 18,162,000 | 21,299,000 | 23,750,000 |