Call reports 2010
PROGRESSIVE BANK — 2010
What PROGRESSIVE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 364,743,000 | 369,585,000 | 401,823,000 | 497,659,000 |
| Total loans | 299,854,000 | 300,886,000 | 303,880,000 | 310,073,000 |
| Allowance for loan losses | 4,605,000 | 4,818,000 | 5,171,000 | 4,679,000 |
| Securities available for sale | 16,702,000 | 19,062,000 | 22,227,000 | 21,501,000 |
| Securities held to maturity | 5,837,000 | 5,721,000 | 6,869,000 | 7,601,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 279,066,000 | 278,681,000 | 313,526,000 | 411,881,000 |
| Interest-bearing deposits | 201,012,000 | 198,694,000 | 219,742,000 | 212,911,000 |
| Noninterest-bearing deposits | 78,054,000 | 79,987,000 | 93,784,000 | 198,970,000 |
| Equity capital | 38,854,000 | 39,561,000 | 40,188,000 | 40,502,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 4,813,000 | 9,666,000 | 14,547,000 | 19,383,000 |
| Interest expense | 868,000 | 1,725,000 | 2,604,000 | 3,425,000 |
| Net interest income | 3,945,000 | 7,941,000 | 11,943,000 | 15,958,000 |
| Noninterest income | 1,044,000 | 2,146,000 | 3,366,000 | 4,820,000 |
| Noninterest expense | 3,890,000 | 7,697,000 | 11,592,000 | 15,695,000 |
| Provision for loan losses | 209,000 | 579,000 | 984,000 | 1,254,000 |
| Pretax income | 890,000 | 1,811,000 | 2,733,000 | 3,829,000 |
| Income tax | 288,000 | 549,000 | 847,000 | 1,203,000 |
| Net income | 602,000 | 1,262,000 | 1,886,000 | 2,626,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,654,000 | 39,315,000 | 39,937,000 | 40,328,000 |
| Total capital | 42,695,000 | 43,382,000 | 44,052,000 | 44,525,000 |
| Risk-weighted assets | 322,727,000 | 324,613,000 | 328,122,000 | 335,245,000 |