Call reports 2016
PROGRESSIVE BANK — 2016
What PROGRESSIVE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 534,438,000 | 526,894,000 | 538,636,000 | 515,157,000 |
| Total loans | 432,880,000 | 426,038,000 | 424,047,000 | 425,950,000 |
| Allowance for loan losses | 5,185,000 | 5,154,000 | 4,987,000 | 4,986,000 |
| Securities available for sale | 27,850,000 | 31,063,000 | 32,561,000 | 31,645,000 |
| Securities held to maturity | 7,299,000 | 9,239,000 | 8,670,000 | 8,719,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 447,329,000 | 453,203,000 | 465,018,000 | 443,625,000 |
| Interest-bearing deposits | 266,104,000 | 268,738,000 | 272,192,000 | 248,625,000 |
| Noninterest-bearing deposits | 181,225,000 | 184,465,000 | 192,826,000 | 195,000,000 |
| Equity capital | 57,107,000 | 57,496,000 | 57,934,000 | 57,997,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 5,269,000 | 10,488,000 | 15,665,000 | 20,909,000 |
| Interest expense | 244,000 | 489,000 | 730,000 | 963,000 |
| Net interest income | 5,025,000 | 9,999,000 | 14,935,000 | 19,946,000 |
| Noninterest income | 927,000 | 1,934,000 | 2,994,000 | 4,076,000 |
| Noninterest expense | 4,494,000 | 9,148,000 | 13,800,000 | 18,219,000 |
| Provision for loan losses | 20,000 | 20,000 | 20,000 | 20,000 |
| Pretax income | 1,438,000 | 2,765,000 | 4,109,000 | 5,783,000 |
| Income tax | 458,000 | 892,000 | 1,315,000 | 1,851,000 |
| Net income | 980,000 | 1,873,000 | 2,794,000 | 3,932,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,991,000 | 57,284,000 | 57,755,000 | 58,143,000 |
| Total capital | 62,176,000 | 62,438,000 | 62,742,000 | 63,129,000 |
| Risk-weighted assets | 477,372,000 | 479,973,000 | 468,070,000 | 470,861,000 |