Call reports 2019
PROGRESSIVE BANK — 2019
What PROGRESSIVE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 584,246,000 | 564,223,000 | 572,397,000 | 585,336,000 |
| Total loans | 451,244,000 | 441,481,000 | 437,530,000 | 447,338,000 |
| Allowance for loan losses | 4,999,000 | 4,976,000 | 4,978,000 | 5,090,000 |
| Securities available for sale | 63,982,000 | 59,753,000 | 47,947,000 | 52,452,000 |
| Securities held to maturity | 5,391,000 | 5,385,000 | 5,220,000 | 5,080,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 490,710,000 | 482,264,000 | 497,063,000 | 498,833,000 |
| Interest-bearing deposits | 315,841,000 | 308,227,000 | 325,599,000 | 337,403,000 |
| Noninterest-bearing deposits | 174,869,000 | 174,037,000 | 171,464,000 | 161,430,000 |
| Equity capital | 61,483,000 | 62,172,000 | 62,174,000 | 60,892,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 6,274,000 | 12,712,000 | 19,105,000 | 25,370,000 |
| Interest expense | 1,096,000 | 2,330,000 | 3,590,000 | 4,848,000 |
| Net interest income | 5,178,000 | 10,382,000 | 15,515,000 | 20,522,000 |
| Noninterest income | 920,000 | 1,943,000 | 2,890,000 | 3,924,000 |
| Noninterest expense | 4,673,000 | 9,328,000 | 14,163,000 | 19,234,000 |
| Provision for loan losses | 120,000 | 200,000 | 281,000 | 421,000 |
| Pretax income | 1,305,000 | 2,797,000 | 3,961,000 | 4,791,000 |
| Income tax | 257,000 | 553,000 | 781,000 | 919,000 |
| Net income | 1,048,000 | 2,244,000 | 3,180,000 | 3,872,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,637,000 | 61,964,000 | 61,999,000 | 60,691,000 |
| Total capital | 66,636,000 | 66,940,000 | 66,977,000 | 65,781,000 |
| Risk-weighted assets | 495,280,000 | 481,643,000 | 502,544,000 | 504,197,000 |