Call reports 2004
PROGRESSIVE BANK — 2004
What PROGRESSIVE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 255,228,000 | 253,943,000 | 258,039,000 | 257,811,000 |
| Total loans | 196,577,000 | 195,115,000 | 206,399,000 | 211,517,000 |
| Allowance for loan losses | 3,632,000 | 3,600,000 | 3,573,000 | 3,541,000 |
| Securities available for sale | 32,044,000 | 29,767,000 | 28,120,000 | 23,720,000 |
| Securities held to maturity | 2,015,000 | 2,809,000 | 2,606,000 | 2,403,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 190,916,000 | 192,114,000 | 195,765,000 | 193,902,000 |
| Interest-bearing deposits | 146,489,000 | 149,272,000 | 148,875,000 | 146,297,000 |
| Noninterest-bearing deposits | 44,427,000 | 42,842,000 | 46,890,000 | 47,605,000 |
| Equity capital | 23,763,000 | 23,801,000 | 24,571,000 | 24,821,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,305,000 | 6,711,000 | 10,121,000 | 13,700,000 |
| Interest expense | 943,000 | 1,870,000 | 2,808,000 | 3,805,000 |
| Net interest income | 2,362,000 | 4,841,000 | 7,313,000 | 9,895,000 |
| Noninterest income | 770,000 | 1,585,000 | 2,409,000 | 3,233,000 |
| Noninterest expense | 2,540,000 | 5,070,000 | 7,622,000 | 10,590,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 592,000 | 1,356,000 | 2,100,000 | 2,538,000 |
| Income tax | 201,000 | 461,000 | 714,000 | 863,000 |
| Net income | 391,000 | 895,000 | 1,386,000 | 1,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,599,000 | 24,103,000 | 24,594,000 | 24,882,000 |
| Total capital | 26,307,000 | 26,829,000 | 27,455,000 | 27,733,000 |
| Risk-weighted assets | 215,724,000 | 217,209,000 | 228,172,000 | 227,388,000 |