Call reports 2024
PROGRESSIVE NATIONAL BANK — 2024
What PROGRESSIVE NATIONAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 115,150,000 | 109,816,000 | 110,405,000 | 113,145,000 |
| Total loans | 81,231,000 | 85,771,000 | 86,041,000 | 85,601,000 |
| Allowance for loan losses | 817,000 | 807,000 | 816,000 | 646,000 |
| Securities available for sale | 7,685,000 | 8,559,000 | 5,413,000 | 9,762,000 |
| Securities held to maturity | 4,999,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,384,000 | 96,726,000 | 96,825,000 | 100,718,000 |
| Interest-bearing deposits | 67,847,000 | 62,236,000 | 63,233,000 | 66,133,000 |
| Noninterest-bearing deposits | 34,537,000 | 34,490,000 | 33,592,000 | 34,585,000 |
| Equity capital | 12,354,000 | 12,586,000 | 12,955,000 | 12,147,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,546,000 | 3,128,000 | 4,718,000 | 6,348,000 |
| Interest expense | 391,000 | 776,000 | 1,169,000 | 1,618,000 |
| Net interest income | 1,155,000 | 2,352,000 | 3,549,000 | 4,730,000 |
| Noninterest income | 208,000 | 412,000 | 629,000 | 1,154,000 |
| Noninterest expense | 1,016,000 | 2,119,000 | 3,192,000 | 4,418,000 |
| Provision for loan losses | 7,000 | 15,000 | 23,000 | 155,000 |
| Pretax income | 340,000 | 628,000 | 961,000 | 1,309,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 340,000 | 628,000 | 961,000 | 1,309,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,526,000 | 12,715,000 | 12,997,000 | 12,226,000 |