Call reports 2023
PROGRESSIVE NATIONAL BANK — 2023
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 121,065,000 | 117,041,000 | 114,611,000 | 115,531,000 |
| Total loans | 75,978,000 | 77,838,000 | 80,856,000 | 82,408,000 |
| Allowance for loan losses | 800,000 | 807,000 | 813,000 | 810,000 |
| Securities available for sale | 10,597,000 | 9,939,000 | 10,497,000 | 7,675,000 |
| Securities held to maturity | 9,973,000 | 4,995,000 | 4,996,000 | 4,998,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,175,000 | 104,695,000 | 101,659,000 | 103,272,000 |
| Interest-bearing deposits | 67,146,000 | 65,054,000 | 65,130,000 | 67,534,000 |
| Noninterest-bearing deposits | 42,029,000 | 39,641,000 | 36,529,000 | 35,738,000 |
| Equity capital | 11,619,000 | 11,968,000 | 12,407,000 | 12,022,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,280,000 | 2,645,000 | 3,885,000 | 5,569,000 |
| Interest expense | 153,000 | 365,000 | 631,000 | 968,000 |
| Net interest income | 1,127,000 | 2,280,000 | 3,254,000 | 4,601,000 |
| Noninterest income | 219,000 | 425,000 | 807,000 | 1,226,000 |
| Noninterest expense | 958,000 | 1,977,000 | 2,961,000 | 4,141,000 |
| Provision for loan losses | 8,000 | 15,000 | 23,000 | 30,000 |
| Pretax income | 380,000 | 713,000 | 1,077,000 | 1,656,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 380,000 | 713,000 | 1,077,000 | 1,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,061,000 | 12,394,000 | 12,758,000 | 12,238,000 |
| Total capital | 12,861,000 | 13,200,000 | 13,571,000 | — |
| Risk-weighted assets | 64,820,000 | 66,466,000 | 68,830,000 | — |