Call reports 2006
PROGRESSIVE BANK — 2006
What PROGRESSIVE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 316,079,000 | 306,798,000 | 318,603,000 | 327,595,000 |
| Total loans | 254,995,000 | 260,099,000 | 273,923,000 | 277,623,000 |
| Allowance for loan losses | 3,607,000 | 3,555,000 | 3,399,000 | 3,339,000 |
| Securities available for sale | 17,210,000 | 15,955,000 | 14,050,000 | 11,758,000 |
| Securities held to maturity | 3,542,000 | 3,538,000 | 2,035,000 | 1,533,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 245,913,000 | 234,744,000 | 240,283,000 | 251,023,000 |
| Interest-bearing deposits | 185,197,000 | 179,649,000 | 186,532,000 | 195,359,000 |
| Noninterest-bearing deposits | 60,716,000 | 55,095,000 | 53,751,000 | 55,664,000 |
| Equity capital | 26,455,000 | 26,833,000 | 27,624,000 | 28,467,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 4,975,000 | 10,160,000 | 15,575,000 | 21,418,000 |
| Interest expense | 1,932,000 | 3,987,000 | 6,310,000 | 8,948,000 |
| Net interest income | 3,043,000 | 6,173,000 | 9,265,000 | 12,470,000 |
| Noninterest income | 924,000 | 1,826,000 | 2,839,000 | 3,996,000 |
| Noninterest expense | 3,174,000 | 6,192,000 | 9,149,000 | 12,349,000 |
| Provision for loan losses | 170,000 | 170,000 | 20,000 | 20,000 |
| Pretax income | 623,000 | 1,637,000 | 2,935,000 | 4,097,000 |
| Income tax | 207,000 | 556,000 | 995,000 | 1,374,000 |
| Net income | 416,000 | 1,081,000 | 1,940,000 | 2,723,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,776,000 | 27,241,000 | 27,899,000 | 28,683,000 |
| Total capital | 30,235,000 | 30,758,000 | 31,298,000 | 32,022,000 |
| Risk-weighted assets | 276,519,000 | 281,313,000 | 294,718,000 | 303,736,000 |