Call reports 2005
PROGRESSIVE BANK — 2005
What PROGRESSIVE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 271,110,000 | 266,321,000 | 282,172,000 | 306,694,000 |
| Total loans | 211,382,000 | 220,727,000 | 228,433,000 | 248,013,000 |
| Allowance for loan losses | 3,499,000 | 3,416,000 | 3,345,000 | 3,465,000 |
| Securities available for sale | 22,306,000 | 21,277,000 | 20,235,000 | 17,854,000 |
| Securities held to maturity | 2,200,000 | 1,996,000 | 3,048,000 | 3,544,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 211,365,000 | 208,048,000 | 216,511,000 | 242,694,000 |
| Interest-bearing deposits | 160,503,000 | 155,600,000 | 163,598,000 | 184,349,000 |
| Noninterest-bearing deposits | 50,862,000 | 52,448,000 | 52,913,000 | 58,345,000 |
| Equity capital | 25,003,000 | 25,324,000 | 25,659,000 | 26,045,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 3,706,000 | 7,731,000 | 12,018,000 | 16,633,000 |
| Interest expense | 1,078,000 | 2,265,000 | 3,612,000 | 5,295,000 |
| Net interest income | 2,628,000 | 5,466,000 | 8,406,000 | 11,338,000 |
| Noninterest income | 815,000 | 1,730,000 | 2,678,000 | 3,560,000 |
| Noninterest expense | 2,855,000 | 5,826,000 | 8,789,000 | 11,638,000 |
| Provision for loan losses | 0 | 0 | 45,000 | 310,000 |
| Pretax income | 588,000 | 1,370,000 | 2,250,000 | 2,950,000 |
| Income tax | 200,000 | 466,000 | 765,000 | 997,000 |
| Net income | 388,000 | 904,000 | 1,485,000 | 1,953,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,270,000 | 25,511,000 | 25,893,000 | 26,358,000 |
| Total capital | 28,181,000 | 28,534,000 | 29,063,000 | 29,782,000 |
| Risk-weighted assets | 232,330,000 | 241,422,000 | 253,403,000 | 273,778,000 |