Call reports 2008
PROGRESSIVE BANK — 2008
What PROGRESSIVE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 323,507,000 | 320,107,000 | 349,346,000 | 362,175,000 |
| Total loans | 272,237,000 | 279,115,000 | 285,476,000 | 290,432,000 |
| Allowance for loan losses | 3,196,000 | 3,340,000 | 3,696,000 | 3,954,000 |
| Securities available for sale | 7,844,000 | 5,713,000 | 7,171,000 | 18,175,000 |
| Securities held to maturity | 1,531,000 | 1,530,000 | 1,912,000 | 3,949,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 248,722,000 | 241,452,000 | 259,926,000 | 278,488,000 |
| Interest-bearing deposits | 193,899,000 | 182,026,000 | 204,774,000 | 212,954,000 |
| Noninterest-bearing deposits | 54,823,000 | 59,426,000 | 55,152,000 | 65,534,000 |
| Equity capital | 34,762,000 | 35,196,000 | 35,369,000 | 35,788,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,422,000 | 10,539,000 | 15,659,000 | 20,922,000 |
| Interest expense | 2,178,000 | 3,886,000 | 5,474,000 | 7,142,000 |
| Net interest income | 3,244,000 | 6,653,000 | 10,185,000 | 13,780,000 |
| Noninterest income | 1,162,000 | 2,501,000 | 3,753,000 | 4,959,000 |
| Noninterest expense | 3,207,000 | 6,641,000 | 10,167,000 | 14,232,000 |
| Provision for loan losses | 115,000 | 303,000 | 748,000 | 1,148,000 |
| Pretax income | 1,084,000 | 2,210,000 | 3,023,000 | 3,359,000 |
| Income tax | 338,000 | 638,000 | 880,000 | 961,000 |
| Net income | 746,000 | 1,572,000 | 2,143,000 | 2,398,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,734,000 | 35,261,000 | 35,381,000 | 35,636,000 |
| Total capital | 37,931,000 | 38,601,000 | 39,077,000 | 39,590,000 |
| Risk-weighted assets | 305,596,000 | 311,926,000 | 322,300,000 | 329,962,000 |