Call reports 2008
PROGROWTH BANK — 2008
What PROGROWTH BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 134,084,000 | 138,742,000 | 137,786,000 | 146,496,000 |
| Total loans | 82,864,000 | 78,200,000 | 77,989,000 | 85,193,000 |
| Allowance for loan losses | 1,572,000 | 1,451,000 | 1,433,000 | 1,563,000 |
| Securities available for sale | 35,489,000 | 36,319,000 | 37,027,000 | 35,882,000 |
| Securities held to maturity | 0 | 0 | 0 | 2,921,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 92,578,000 | 96,694,000 | 95,410,000 | 103,769,000 |
| Interest-bearing deposits | 84,958,000 | 86,609,000 | 84,083,000 | 88,383,000 |
| Noninterest-bearing deposits | 7,620,000 | 10,085,000 | 11,327,000 | 15,386,000 |
| Equity capital | 10,165,000 | 9,628,000 | 9,343,000 | 7,577,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,050,000 | 4,061,000 | 6,018,000 | 7,951,000 |
| Interest expense | 1,087,000 | 2,105,000 | 3,095,000 | 4,098,000 |
| Net interest income | 963,000 | 1,956,000 | 2,923,000 | 3,853,000 |
| Noninterest income | 114,000 | 205,000 | 666,000 | 839,000 |
| Noninterest expense | 901,000 | 1,860,000 | 2,857,000 | 3,824,000 |
| Provision for loan losses | 86,000 | 219,000 | 400,000 | 779,000 |
| Pretax income | 92,000 | 84,000 | 334,000 | 91,000 |
| Income tax | 37,000 | 7,000 | 95,000 | 10,000 |
| Net income | 55,000 | 77,000 | 239,000 | 81,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,253,000 | 10,276,000 | 10,437,000 | 10,279,000 |
| Total capital | 11,451,000 | 11,492,000 | 11,613,000 | 11,566,000 |
| Risk-weighted assets | 95,460,000 | 96,319,000 | 93,064,000 | 101,892,000 |