Call reports 2017
PROGRESSIVE BANK — 2017
What PROGRESSIVE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 525,103,000 | 524,970,000 | 535,750,000 | 524,941,000 |
| Total loans | 433,528,000 | 436,192,000 | 441,627,000 | 434,765,000 |
| Allowance for loan losses | 4,922,000 | 4,930,000 | 4,987,000 | 4,905,000 |
| Securities available for sale | 33,328,000 | 31,071,000 | 30,661,000 | 35,980,000 |
| Securities held to maturity | 8,131,000 | 7,916,000 | 6,888,000 | 6,622,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 427,853,000 | 419,887,000 | 440,150,000 | 436,237,000 |
| Interest-bearing deposits | 247,915,000 | 239,230,000 | 239,055,000 | 253,113,000 |
| Noninterest-bearing deposits | 179,938,000 | 180,657,000 | 201,095,000 | 183,124,000 |
| Equity capital | 58,442,000 | 58,926,000 | 59,411,000 | 59,761,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 5,302,000 | 10,760,000 | 16,385,000 | 22,029,000 |
| Interest expense | 300,000 | 647,000 | 1,058,000 | 1,500,000 |
| Net interest income | 5,002,000 | 10,113,000 | 15,327,000 | 20,529,000 |
| Noninterest income | 1,017,000 | 2,008,000 | 3,013,000 | 4,071,000 |
| Noninterest expense | 4,269,000 | 8,597,000 | 12,888,000 | 17,344,000 |
| Provision for loan losses | 0 | 48,000 | 98,000 | 144,000 |
| Pretax income | 1,750,000 | 3,476,000 | 5,354,000 | 7,112,000 |
| Income tax | 563,000 | 1,118,000 | 1,725,000 | 2,189,000 |
| Net income | 1,187,000 | 2,358,000 | 3,629,000 | 4,923,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,550,000 | 58,956,000 | 59,448,000 | 59,982,000 |
| Total capital | 63,472,000 | 63,886,000 | 64,435,000 | 64,887,000 |
| Risk-weighted assets | 478,256,000 | 481,334,000 | 476,807,000 | 480,160,000 |