Call reports 2020
PROGROWTH BANK — 2020
What PROGROWTH BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 124,119,000 | 153,026,000 | 156,144,000 | 188,411,000 |
| Total loans | 77,879,000 | 98,823,000 | 96,150,000 | 91,134,000 |
| Allowance for loan losses | 1,001,000 | 1,004,000 | 1,026,000 | 1,028,000 |
| Securities available for sale | 33,101,000 | 42,481,000 | 55,882,000 | 67,291,000 |
| Securities held to maturity | 13,000 | 13,000 | 11,000 | 11,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,393,000 | 118,649,000 | 119,379,000 | 155,749,000 |
| Interest-bearing deposits | 82,022,000 | 86,933,000 | 89,782,000 | 106,574,000 |
| Noninterest-bearing deposits | 25,371,000 | 31,716,000 | 29,597,000 | 49,175,000 |
| Equity capital | 11,945,000 | 12,727,000 | 13,150,000 | 13,876,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,331,000 | 2,664,000 | 4,014,000 | 5,515,000 |
| Interest expense | 179,000 | 339,000 | 507,000 | 675,000 |
| Net interest income | 1,152,000 | 2,325,000 | 3,507,000 | 4,840,000 |
| Noninterest income | 113,000 | 208,000 | 323,000 | 449,000 |
| Noninterest expense | 962,000 | 1,909,000 | 2,871,000 | 3,889,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 295,000 | 754,000 | 1,107,000 | 1,547,000 |
| Income tax | 85,000 | 204,000 | 285,000 | 398,000 |
| Net income | 210,000 | 550,000 | 822,000 | 1,149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,447,000 | 11,786,000 | 12,059,000 | 12,385,000 |
| Total capital | 12,391,000 | 12,755,000 | 13,036,000 | 13,413,000 |
| Risk-weighted assets | 75,520,000 | 77,546,000 | 78,130,000 | 82,347,000 |