Call reports 2020
PROGRESSIVE BANK — 2020
What PROGRESSIVE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 603,133,000 | 735,289,000 | 732,495,000 | 729,741,000 |
| Total loans | 463,636,000 | 539,921,000 | 553,647,000 | 545,896,000 |
| Allowance for loan losses | 5,358,000 | 6,449,000 | 6,183,000 | 7,328,000 |
| Securities available for sale | 53,079,000 | 55,921,000 | 60,225,000 | 53,408,000 |
| Securities held to maturity | 6,740,000 | 6,654,000 | 5,939,000 | 5,619,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 530,111,000 | 595,295,000 | 583,457,000 | 588,182,000 |
| Interest-bearing deposits | 362,207,000 | 370,926,000 | 356,665,000 | 358,075,000 |
| Noninterest-bearing deposits | 167,904,000 | 224,369,000 | 226,792,000 | 230,107,000 |
| Equity capital | 62,016,000 | 62,581,000 | 62,745,000 | 63,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,209,000 | 12,832,000 | 19,323,000 | 25,987,000 |
| Interest expense | 1,160,000 | 1,890,000 | 2,406,000 | 2,774,000 |
| Net interest income | 5,049,000 | 10,942,000 | 16,917,000 | 23,213,000 |
| Noninterest income | 1,070,000 | 2,112,000 | 3,204,000 | 4,342,000 |
| Noninterest expense | 5,107,000 | 10,373,000 | 15,609,000 | 20,932,000 |
| Provision for loan losses | 191,000 | 1,268,000 | 2,793,000 | 3,960,000 |
| Pretax income | 821,000 | 1,413,000 | 1,719,000 | 2,663,000 |
| Income tax | 157,000 | 266,000 | 315,000 | 498,000 |
| Net income | 664,000 | 1,147,000 | 1,404,000 | 2,165,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,354,000 | 61,837,000 | 62,095,000 | 62,856,000 |
| Total capital | 66,712,000 | 68,286,000 | 68,278,000 | 69,822,000 |
| Risk-weighted assets | 534,443,000 | 547,561,000 | 561,948,000 | 556,981,000 |