Call reports 2021
PROGRESSIVE BANK — 2021
What PROGRESSIVE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 754,577,000 | 739,103,000 | 761,609,000 | 774,030,000 |
| Total loans | 543,736,000 | 530,461,000 | 517,628,000 | 507,579,000 |
| Allowance for loan losses | 7,512,000 | 7,490,000 | 7,449,000 | 7,484,000 |
| Securities available for sale | 63,879,000 | 80,321,000 | 95,277,000 | 118,870,000 |
| Securities held to maturity | 4,873,000 | 10,538,000 | 9,831,000 | 9,519,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 619,139,000 | 623,697,000 | 664,195,000 | 689,331,000 |
| Interest-bearing deposits | 369,237,000 | 373,889,000 | 401,490,000 | 410,842,000 |
| Noninterest-bearing deposits | 249,902,000 | 249,808,000 | 262,705,000 | 278,489,000 |
| Equity capital | 64,635,000 | 66,076,000 | 66,538,000 | 65,605,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,508,000 | 12,867,000 | 19,388,000 | 25,960,000 |
| Interest expense | 302,000 | 565,000 | 811,000 | 1,045,000 |
| Net interest income | 6,206,000 | 12,302,000 | 18,577,000 | 24,915,000 |
| Noninterest income | 1,111,000 | 2,305,000 | 3,550,000 | 4,932,000 |
| Noninterest expense | 5,319,000 | 10,759,000 | 16,189,000 | 21,632,000 |
| Provision for loan losses | 60,000 | 60,000 | 60,000 | 60,000 |
| Pretax income | 1,938,000 | 3,788,000 | 5,878,000 | 8,155,000 |
| Income tax | 393,000 | 768,000 | 1,214,000 | 1,689,000 |
| Net income | 1,545,000 | 3,020,000 | 4,664,000 | 6,466,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,402,000 | 65,875,000 | 66,321,000 | 66,322,000 |
| Total capital | 71,435,000 | 72,845,000 | 73,235,000 | 73,144,000 |
| Risk-weighted assets | 562,174,000 | 557,143,000 | 552,602,000 | 545,101,000 |
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