Call reports 2003
PROGRESSIVE BANK — 2003
What PROGRESSIVE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 243,581,000 | 260,786,000 | 259,944,000 | 260,630,000 |
| Total loans | 186,162,000 | 185,410,000 | 189,638,000 | 189,428,000 |
| Allowance for loan losses | 3,667,000 | 3,686,000 | 3,725,000 | 3,631,000 |
| Securities available for sale | 20,298,000 | 31,313,000 | 31,913,000 | 33,766,000 |
| Securities held to maturity | 505,000 | 504,000 | 2,039,000 | 2,018,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 185,649,000 | 199,368,000 | 197,046,000 | 195,099,000 |
| Interest-bearing deposits | 146,638,000 | 157,723,000 | 155,115,000 | 149,560,000 |
| Noninterest-bearing deposits | 39,011,000 | 41,645,000 | 41,931,000 | 45,539,000 |
| Equity capital | 22,225,000 | 22,674,000 | 22,704,000 | 23,247,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 3,426,000 | 6,968,000 | 10,482,000 | 13,771,000 |
| Interest expense | 1,044,000 | 2,076,000 | 3,085,000 | 4,070,000 |
| Net interest income | 2,382,000 | 4,892,000 | 7,397,000 | 9,701,000 |
| Noninterest income | 749,000 | 1,512,000 | 2,234,000 | 3,048,000 |
| Noninterest expense | 2,522,000 | 5,081,000 | 7,743,000 | 10,142,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 609,000 | 1,323,000 | 1,888,000 | 2,607,000 |
| Income tax | 208,000 | 450,000 | 643,000 | 854,000 |
| Net income | 401,000 | 873,000 | 1,245,000 | 1,753,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,856,000 | 22,328,000 | 22,700,000 | 23,207,000 |
| Total capital | 24,597,000 | 25,120,000 | 25,524,000 | 25,987,000 |
| Risk-weighted assets | 217,805,000 | 222,471,000 | 224,974,000 | 221,539,000 |