Call reports 2021
PROGRESSIVE NATIONAL BANK — 2021
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 98,787,000 | 102,761,000 | 102,815,000 | 106,870,000 |
| Total loans | 51,120,000 | 58,597,000 | 61,908,000 | 63,801,000 |
| Allowance for loan losses | 322,000 | 329,000 | 784,000 | 791,000 |
| Securities available for sale | 14,116,000 | 14,476,000 | 14,535,000 | 14,340,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,005,000 | 93,984,000 | 92,936,000 | 97,408,000 |
| Interest-bearing deposits | 57,625,000 | 58,877,000 | 58,855,000 | 60,961,000 |
| Noninterest-bearing deposits | 33,380,000 | 35,107,000 | 34,081,000 | 36,447,000 |
| Equity capital | 7,560,000 | 8,528,000 | 9,289,000 | 9,387,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 769,000 | 1,590,000 | 2,333,000 | 3,422,000 |
| Interest expense | 55,000 | 106,000 | 151,000 | 191,000 |
| Net interest income | 714,000 | 1,484,000 | 2,182,000 | 3,231,000 |
| Noninterest income | 226,000 | 466,000 | 2,618,000 | 2,640,000 |
| Noninterest expense | 720,000 | 1,482,000 | 2,355,000 | 3,188,000 |
| Provision for loan losses | 8,000 | 15,000 | 473,000 | 480,000 |
| Pretax income | 212,000 | 453,000 | 1,972,000 | 2,203,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 212,000 | 453,000 | 1,972,000 | 2,203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,535,000 | 8,503,000 | 9,271,000 | 9,453,000 |
| Total capital | 7,857,000 | 8,832,000 | 9,950,000 | 10,162,000 |
| Risk-weighted assets | 48,500,000 | 51,776,000 | 54,235,000 | 56,675,000 |