Call reports 2017
PROGRESSIVE NATIONAL BANK — 2017
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 46,954,000 | 49,772,000 | 50,214,000 | 51,606,000 |
| Total loans | 24,334,000 | 25,044,000 | 26,827,000 | 28,103,000 |
| Allowance for loan losses | 222,000 | 226,000 | 230,000 | 230,000 |
| Securities available for sale | 9,476,000 | 12,050,000 | 11,332,000 | 10,902,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,005,000 | 45,736,000 | 46,096,000 | 47,292,000 |
| Interest-bearing deposits | 32,562,000 | 33,951,000 | 33,878,000 | 33,508,000 |
| Noninterest-bearing deposits | 10,443,000 | 11,785,000 | 12,218,000 | 13,784,000 |
| Equity capital | 3,836,000 | 3,912,000 | 3,947,000 | 4,214,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 449,000 | 902,000 | 1,383,000 | 1,891,000 |
| Interest expense | 46,000 | 96,000 | 145,000 | 196,000 |
| Net interest income | 403,000 | 806,000 | 1,238,000 | 1,695,000 |
| Noninterest income | 119,000 | 255,000 | 371,000 | 488,000 |
| Noninterest expense | 435,000 | 884,000 | 1,391,000 | 1,974,000 |
| Provision for loan losses | 5,000 | 9,000 | 13,000 | 18,000 |
| Pretax income | 175,000 | 261,000 | 298,000 | 284,000 |
| Income tax | 12,000 | 12,000 | 12,000 | 12,000 |
| Net income | 163,000 | 249,000 | 286,000 | 272,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,871,000 | 3,956,000 | 3,987,000 | 4,273,000 |
| Total capital | 4,093,000 | 4,182,000 | 4,217,000 | 4,503,000 |
| Risk-weighted assets | 23,214,000 | 25,537,000 | 27,309,000 | 28,562,000 |