Call reports 2002
PROGRESSIVE BANK — 2002
What PROGRESSIVE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 221,208,000 | 223,811,000 | 240,156,000 | 241,011,000 |
| Total loans | 156,852,000 | 168,992,000 | 187,616,000 | 187,714,000 |
| Allowance for loan losses | 1,863,000 | 1,990,000 | 2,148,000 | 3,167,000 |
| Securities available for sale | 31,664,000 | 26,641,000 | 25,176,000 | 21,192,000 |
| Securities held to maturity | 0 | 1,810,000 | 509,000 | 506,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 170,508,000 | 169,368,000 | 176,412,000 | 180,874,000 |
| Interest-bearing deposits | 140,012,000 | 132,347,000 | 141,538,000 | 140,570,000 |
| Noninterest-bearing deposits | 30,496,000 | 37,021,000 | 34,874,000 | 40,304,000 |
| Equity capital | 22,237,000 | 23,079,000 | 23,729,000 | 21,880,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 3,407,000 | 6,790,000 | 10,492,000 | 14,256,000 |
| Interest expense | 1,234,000 | 2,405,000 | 3,549,000 | 4,677,000 |
| Net interest income | 2,173,000 | 4,385,000 | 6,943,000 | 9,579,000 |
| Noninterest income | 546,000 | 1,161,000 | 1,768,000 | 2,520,000 |
| Noninterest expense | 2,104,000 | 4,198,000 | 6,711,000 | 9,531,000 |
| Provision for loan losses | 170,000 | 255,000 | 446,000 | 3,713,000 |
| Pretax income | 445,000 | 1,093,000 | 1,554,000 | -1,145,000 |
| Income tax | 151,000 | 382,000 | 529,000 | -343,000 |
| Net income | 294,000 | 711,000 | 1,025,000 | -802,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,246,000 | 22,768,000 | 23,282,000 | 21,455,000 |
| Total capital | 24,109,000 | 24,758,000 | 25,430,000 | 24,123,000 |
| Risk-weighted assets | 185,217,000 | 188,129,000 | 201,771,000 | 212,948,000 |