Call reports 2024
PROGROWTH BANK — 2024
What PROGROWTH 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 | 402,891,000 | 412,871,000 | 401,788,000 | 395,773,000 |
| Total loans | 76,672,000 | 77,871,000 | 78,389,000 | 80,704,000 |
| Allowance for loan losses | 648,000 | 648,000 | 634,000 | 642,000 |
| Securities available for sale | 283,763,000 | 291,847,000 | 303,056,000 | 298,726,000 |
| Securities held to maturity | 11,000 | 11,000 | 2,000 | 2,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 344,259,000 | 355,445,000 | 344,038,000 | 329,035,000 |
| Interest-bearing deposits | 317,493,000 | 331,731,000 | 316,798,000 | 300,489,000 |
| Noninterest-bearing deposits | 26,766,000 | 23,714,000 | 27,240,000 | 28,546,000 |
| Equity capital | 15,516,000 | 17,044,000 | 18,865,000 | 17,431,000 |
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 | 5,279,000 | 10,732,000 | 16,382,000 | 21,525,000 |
| Interest expense | 2,768,000 | 5,672,000 | 8,980,000 | 12,006,000 |
| Net interest income | 2,511,000 | 5,060,000 | 7,402,000 | 9,519,000 |
| Noninterest income | 122,000 | 254,000 | 391,000 | 529,000 |
| Noninterest expense | 1,483,000 | 2,913,000 | 4,350,000 | 6,141,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,151,000 | 2,395,000 | 3,442,000 | 3,911,000 |
| Income tax | 288,000 | 604,000 | 863,000 | 1,234,000 |
| Net income | 863,000 | 1,791,000 | 2,579,000 | 2,677,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,240,000 | 29,168,000 | 29,956,000 | 28,854,000 |
| Total capital | 28,888,000 | 29,816,000 | 30,591,000 | 29,496,000 |
| Risk-weighted assets | 139,333,000 | 145,138,000 | 140,965,000 | 144,141,000 |