Call reports 2020
PROGRESSIVE NATIONAL BANK — 2020
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 81,971,000 | 85,818,000 | 89,411,000 | 93,118,000 |
| Total loans | 39,753,000 | 42,334,000 | 47,810,000 | 49,601,000 |
| Allowance for loan losses | 293,000 | 300,000 | 307,000 | 314,000 |
| Securities available for sale | 15,418,000 | 14,513,000 | 13,196,000 | 13,632,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,730,000 | 78,231,000 | 81,708,000 | 85,434,000 |
| Interest-bearing deposits | 48,413,000 | 50,682,000 | 52,925,000 | 55,743,000 |
| Noninterest-bearing deposits | 26,317,000 | 27,549,000 | 28,783,000 | 29,691,000 |
| Equity capital | 7,030,000 | 7,185,000 | 7,369,000 | 7,376,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 757,000 | 1,494,000 | 2,241,000 | 3,044,000 |
| Interest expense | 113,000 | 212,000 | 300,000 | 373,000 |
| Net interest income | 644,000 | 1,282,000 | 1,941,000 | 2,671,000 |
| Noninterest income | 155,000 | 367,000 | 534,000 | 903,000 |
| Noninterest expense | 715,000 | 1,399,000 | 2,139,000 | 3,006,000 |
| Provision for loan losses | 8,000 | 15,000 | 23,000 | 30,000 |
| Pretax income | 76,000 | 236,000 | 412,000 | 637,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 76,000 | 236,000 | 412,000 | 637,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,003,000 | 7,163,000 | 7,325,000 | 7,330,000 |
| Total capital | 7,296,000 | — | — | 7,644,000 |
| Risk-weighted assets | 39,450,000 | — | — | 47,030,000 |