Call reports 2022
PROGRESSIVE NATIONAL BANK — 2022
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 112,898,000 | 113,695,000 | 115,462,000 | 124,521,000 |
| Total loans | 63,707,000 | 62,444,000 | 68,806,000 | 71,295,000 |
| Allowance for loan losses | 794,000 | 796,000 | 802,000 | 808,000 |
| Securities available for sale | 13,103,000 | 12,510,000 | 11,747,000 | 11,034,000 |
| Securities held to maturity | 0 | 14,891,000 | 14,919,000 | 14,948,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,367,000 | 102,812,000 | 104,359,000 | 113,276,000 |
| Interest-bearing deposits | 63,432,000 | 64,111,000 | 65,934,000 | 69,709,000 |
| Noninterest-bearing deposits | 39,935,000 | 38,701,000 | 38,425,000 | 43,567,000 |
| Equity capital | 9,285,000 | 10,546,000 | 10,655,000 | 11,132,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 944,000 | 1,914,000 | 2,993,000 | 4,242,000 |
| Interest expense | 39,000 | 96,000 | 163,000 | 264,000 |
| Net interest income | 905,000 | 1,818,000 | 2,830,000 | 3,978,000 |
| Noninterest income | 180,000 | 531,000 | 715,000 | 906,000 |
| Noninterest expense | 790,000 | 1,673,000 | 2,569,000 | 3,514,000 |
| Provision for loan losses | 8,000 | 15,000 | 23,000 | 30,000 |
| Pretax income | 287,000 | 661,000 | 953,000 | 1,340,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 287,000 | 661,000 | 953,000 | 1,340,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,634,000 | 11,003,000 | 11,295,000 | 11,680,000 |
| Total capital | 10,334,000 | 11,678,000 | 12,038,000 | 12,449,000 |
| Risk-weighted assets | 55,934,000 | 53,944,000 | 59,426,000 | 61,504,000 |