Call reports 2015
PROGRESSIVE BANK — 2015
What PROGRESSIVE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 498,418,000 | 511,954,000 | 538,145,000 | 524,492,000 |
| Total loans | 418,109,000 | 431,048,000 | 443,133,000 | 439,398,000 |
| Allowance for loan losses | 5,222,000 | 5,217,000 | 5,286,000 | 5,094,000 |
| Securities available for sale | 29,261,000 | 28,676,000 | 28,216,000 | 27,605,000 |
| Securities held to maturity | 8,193,000 | 8,490,000 | 8,462,000 | 7,482,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 404,540,000 | 407,492,000 | 451,604,000 | 450,088,000 |
| Interest-bearing deposits | 226,683,000 | 227,952,000 | 245,965,000 | 256,954,000 |
| Noninterest-bearing deposits | 177,857,000 | 179,540,000 | 205,639,000 | 193,134,000 |
| Equity capital | 57,638,000 | 57,903,000 | 58,498,000 | 56,611,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 4,985,000 | 10,213,000 | 15,716,000 | 21,079,000 |
| Interest expense | 232,000 | 445,000 | 665,000 | 880,000 |
| Net interest income | 4,753,000 | 9,768,000 | 15,051,000 | 20,199,000 |
| Noninterest income | 1,019,000 | 2,015,000 | 3,101,000 | 4,076,000 |
| Noninterest expense | 4,403,000 | 8,865,000 | 13,427,000 | 18,192,000 |
| Provision for loan losses | 0 | 0 | 0 | 48,000 |
| Pretax income | 1,369,000 | 2,918,000 | 4,725,000 | 6,035,000 |
| Income tax | 430,000 | 923,000 | 1,503,000 | 1,915,000 |
| Net income | 939,000 | 1,995,000 | 3,222,000 | 4,120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,455,000 | 57,836,000 | 58,388,000 | 56,611,000 |
| Total capital | 62,677,000 | 63,053,000 | 63,674,000 | 61,705,000 |
| Risk-weighted assets | 453,358,000 | 486,965,000 | 483,798,000 | 483,667,000 |