Call reports 2023
PROGROWTH BANK — 2023
What PROGROWTH 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 | 295,855,000 | 344,108,000 | 351,159,000 | 414,561,000 |
| Total loans | 75,245,000 | 73,259,000 | 72,941,000 | 76,161,000 |
| Allowance for loan losses | 639,000 | 642,000 | 646,000 | 649,000 |
| Securities available for sale | 204,923,000 | 255,024,000 | 262,460,000 | 277,615,000 |
| Securities held to maturity | 11,000 | 11,000 | 11,000 | 11,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,386,000 | 270,286,000 | 300,293,000 | 355,402,000 |
| Interest-bearing deposits | 211,510,000 | 237,443,000 | 269,316,000 | 310,180,000 |
| Noninterest-bearing deposits | 31,876,000 | 32,843,000 | 30,977,000 | 45,222,000 |
| Equity capital | 11,014,000 | 10,893,000 | 8,529,000 | 12,869,000 |
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 | 2,691,000 | 6,300,000 | 10,368,000 | 15,062,000 |
| Interest expense | 878,000 | 2,490,000 | 4,474,000 | 6,865,000 |
| Net interest income | 1,813,000 | 3,810,000 | 5,894,000 | 8,197,000 |
| Noninterest income | 112,000 | 236,000 | 399,000 | 539,000 |
| Noninterest expense | 1,086,000 | 2,309,000 | 3,668,000 | 5,107,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 818,000 | 1,703,000 | 2,610,000 | 3,625,000 |
| Income tax | 184,000 | 400,000 | 613,000 | 1,035,000 |
| Net income | 634,000 | 1,303,000 | 1,997,000 | 2,590,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,535,000 | 27,190,000 | 27,884,000 | 27,377,000 |
| Total capital | 27,174,000 | 27,831,000 | 28,530,000 | 28,026,000 |
| Risk-weighted assets | 134,211,000 | 135,355,000 | 135,140,000 | 139,263,000 |