Call reports 2011
PROGRESSIVE BANK — 2011
What PROGRESSIVE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 430,466,000 | 414,756,000 | 452,440,000 | 436,191,000 |
| Total loans | 303,022,000 | 309,697,000 | 323,994,000 | 333,013,000 |
| Allowance for loan losses | 4,973,000 | 5,120,000 | 5,383,000 | 5,302,000 |
| Securities available for sale | 26,084,000 | 28,322,000 | 28,558,000 | 27,480,000 |
| Securities held to maturity | 7,565,000 | 8,399,000 | 9,430,000 | 10,909,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 345,551,000 | 331,243,000 | 364,001,000 | 348,120,000 |
| Interest-bearing deposits | 228,124,000 | 231,742,000 | 232,145,000 | 222,160,000 |
| Noninterest-bearing deposits | 117,427,000 | 99,501,000 | 131,856,000 | 125,960,000 |
| Equity capital | 41,169,000 | 42,133,000 | 53,424,000 | 53,904,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 4,795,000 | 9,654,000 | 14,561,000 | 19,527,000 |
| Interest expense | 703,000 | 1,413,000 | 2,039,000 | 2,543,000 |
| Net interest income | 4,092,000 | 8,241,000 | 12,522,000 | 16,984,000 |
| Noninterest income | 1,037,000 | 2,159,000 | 3,335,000 | 4,659,000 |
| Noninterest expense | 3,903,000 | 7,767,000 | 11,530,000 | 15,756,000 |
| Provision for loan losses | 264,000 | 590,000 | 1,345,000 | 1,973,000 |
| Pretax income | 962,000 | 2,043,000 | 2,982,000 | 3,914,000 |
| Income tax | 281,000 | 450,000 | 723,000 | 991,000 |
| Net income | 681,000 | 1,593,000 | 2,259,000 | 2,923,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,009,000 | 41,921,000 | 53,187,000 | 53,676,000 |
| Total capital | 45,165,000 | 46,140,000 | 57,620,000 | 58,211,000 |
| Risk-weighted assets | 331,662,000 | 336,631,000 | 353,693,000 | 362,031,000 |