Call reports 2019
PROGRESSIVE NATIONAL BANK — 2019
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 69,026,000 | 71,246,000 | 72,333,000 | 74,975,000 |
| Total loans | 36,043,000 | 39,259,000 | 39,419,000 | 40,482,000 |
| Allowance for loan losses | 261,000 | 269,000 | 276,000 | 286,000 |
| Securities available for sale | 11,405,000 | 12,882,000 | 12,437,000 | 13,415,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,373,000 | 65,338,000 | 66,136,000 | 68,667,000 |
| Interest-bearing deposits | 39,672,000 | 40,932,000 | 42,103,000 | 45,876,000 |
| Noninterest-bearing deposits | 23,701,000 | 24,406,000 | 24,033,000 | 22,791,000 |
| Equity capital | 5,451,000 | 5,670,000 | 5,794,000 | 6,148,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 674,000 | 1,400,000 | 2,163,000 | 2,941,000 |
| Interest expense | 83,000 | 177,000 | 277,000 | 381,000 |
| Net interest income | 591,000 | 1,223,000 | 1,886,000 | 2,560,000 |
| Noninterest income | 378,000 | 540,000 | 688,000 | 1,107,000 |
| Noninterest expense | 684,000 | 1,296,000 | 1,957,000 | 2,692,000 |
| Provision for loan losses | 27,000 | 35,000 | 43,000 | 50,000 |
| Pretax income | 257,000 | 431,000 | 573,000 | 924,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 257,000 | 431,000 | 573,000 | 924,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,501,000 | 5,674,000 | 5,795,000 | 6,146,000 |
| Total capital | 5,762,000 | 5,943,000 | 6,071,000 | 6,432,000 |
| Risk-weighted assets | 35,409,000 | 37,942,000 | 38,752,000 | 39,259,000 |