Call reports 2018
PROGRESSIVE BANK — 2018
What PROGRESSIVE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 570,582,000 | 568,279,000 | 577,314,000 | 563,401,000 |
| Total loans | 436,516,000 | 436,852,000 | 438,671,000 | 449,173,000 |
| Allowance for loan losses | 4,973,000 | 4,977,000 | 5,025,000 | 4,896,000 |
| Securities available for sale | 40,261,000 | 50,675,000 | 60,746,000 | 64,222,000 |
| Securities held to maturity | 6,114,000 | 5,954,000 | 5,701,000 | 5,694,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 475,501,000 | 480,637,000 | 493,203,000 | 472,065,000 |
| Interest-bearing deposits | 293,852,000 | 299,418,000 | 304,358,000 | 291,335,000 |
| Noninterest-bearing deposits | 181,649,000 | 181,219,000 | 188,845,000 | 180,730,000 |
| Equity capital | 59,973,000 | 60,250,000 | 60,368,000 | 60,966,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 5,613,000 | 11,492,000 | 17,585,000 | 23,970,000 |
| Interest expense | 529,000 | 1,257,000 | 2,193,000 | 3,198,000 |
| Net interest income | 5,084,000 | 10,235,000 | 15,392,000 | 20,772,000 |
| Noninterest income | 1,033,000 | 2,074,000 | 3,017,000 | 4,107,000 |
| Noninterest expense | 4,493,000 | 9,170,000 | 13,950,000 | 18,908,000 |
| Provision for loan losses | 90,000 | 155,000 | 245,000 | 347,000 |
| Pretax income | 1,534,000 | 2,984,000 | 4,214,000 | 5,624,000 |
| Income tax | 304,000 | 590,000 | 831,000 | 967,000 |
| Net income | 1,230,000 | 2,394,000 | 3,383,000 | 4,657,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,402,000 | 60,756,000 | 60,935,000 | 61,399,000 |
| Total capital | 65,375,000 | 65,733,000 | 65,960,000 | 66,295,000 |
| Risk-weighted assets | 476,013,000 | 486,635,000 | 480,182,000 | 497,369,000 |