Call reports 2014
PROGRESSIVE BANK — 2014
What PROGRESSIVE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 472,956,000 | 465,188,000 | 467,455,000 | 474,403,000 |
| Total loans | 356,160,000 | 357,451,000 | 378,271,000 | 394,935,000 |
| Allowance for loan losses | 5,284,000 | 5,289,000 | 5,231,000 | 5,223,000 |
| Securities available for sale | 18,800,000 | 21,560,000 | 27,389,000 | 25,672,000 |
| Securities held to maturity | 9,316,000 | 8,936,000 | 9,136,000 | 8,895,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 390,412,000 | 381,684,000 | 388,239,000 | 383,657,000 |
| Interest-bearing deposits | 228,704,000 | 220,875,000 | 224,807,000 | 221,823,000 |
| Noninterest-bearing deposits | 161,708,000 | 160,809,000 | 163,432,000 | 161,834,000 |
| Equity capital | 56,304,000 | 56,814,000 | 56,961,000 | 57,268,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,630,000 | 9,308,000 | 14,082,000 | 18,952,000 |
| Interest expense | 327,000 | 629,000 | 896,000 | 1,147,000 |
| Net interest income | 4,303,000 | 8,679,000 | 13,186,000 | 17,805,000 |
| Noninterest income | 1,051,000 | 2,138,000 | 3,174,000 | 4,306,000 |
| Noninterest expense | 4,492,000 | 8,787,000 | 13,039,000 | 17,521,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 862,000 | 2,030,000 | 3,321,000 | 4,590,000 |
| Income tax | 257,000 | 618,000 | 1,012,000 | 1,416,000 |
| Net income | 605,000 | 1,412,000 | 2,309,000 | 3,174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,273,000 | 56,780,000 | 57,002,000 | 57,191,000 |
| Total capital | 60,887,000 | 61,326,000 | 61,954,000 | 62,414,000 |
| Risk-weighted assets | 368,695,000 | 370,883,000 | 397,140,000 | 427,871,000 |