Call reports 2007
PROGRESSIVE BANK — 2007
What PROGRESSIVE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 321,836,000 | 316,711,000 | 332,441,000 | 337,159,000 |
| Total loans | 276,033,000 | 274,239,000 | 272,790,000 | 271,945,000 |
| Allowance for loan losses | 3,311,000 | 3,124,000 | 3,012,000 | 3,094,000 |
| Securities available for sale | 11,154,000 | 9,524,000 | 9,135,000 | 8,292,000 |
| Securities held to maturity | 1,533,000 | 1,532,000 | 1,532,000 | 1,531,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 247,874,000 | 238,469,000 | 251,361,000 | 258,012,000 |
| Interest-bearing deposits | 191,355,000 | 184,362,000 | 196,981,000 | 200,468,000 |
| Noninterest-bearing deposits | 56,519,000 | 54,107,000 | 54,380,000 | 57,544,000 |
| Equity capital | 28,930,000 | 29,555,000 | 33,281,000 | 33,941,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 5,738,000 | 11,442,000 | 17,260,000 | 23,037,000 |
| Interest expense | 2,648,000 | 5,179,000 | 7,841,000 | 10,435,000 |
| Net interest income | 3,090,000 | 6,263,000 | 9,419,000 | 12,602,000 |
| Noninterest income | 1,071,000 | 2,154,000 | 3,272,000 | 4,414,000 |
| Noninterest expense | 3,172,000 | 6,351,000 | 9,636,000 | 13,067,000 |
| Provision for loan losses | 0 | 45,000 | 107,000 | 189,000 |
| Pretax income | 989,000 | 2,021,000 | 2,948,000 | 3,760,000 |
| Income tax | 304,000 | 483,000 | 767,000 | 1,005,000 |
| Net income | 685,000 | 1,538,000 | 2,181,000 | 2,755,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,118,000 | 29,777,000 | 33,415,000 | 33,988,000 |
| Total capital | 32,429,000 | 32,901,000 | 36,427,000 | 37,082,000 |
| Risk-weighted assets | 307,056,000 | 305,085,000 | 306,875,000 | 309,106,000 |