Call reports 2022
PROGRESSIVE BANK — 2022
What PROGRESSIVE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 784,223,000 | 767,892,000 | 749,638,000 | 768,894,000 |
| Total loans | 513,591,000 | 526,111,000 | 527,731,000 | 531,466,000 |
| Allowance for loan losses | 7,708,000 | 7,705,000 | 8,174,000 | 8,073,000 |
| Securities available for sale | 119,142,000 | 116,139,000 | 113,673,000 | 112,721,000 |
| Securities held to maturity | 9,344,000 | 9,175,000 | 9,042,000 | 8,896,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 708,449,000 | 693,565,000 | 677,295,000 | 694,777,000 |
| Interest-bearing deposits | 423,826,000 | 399,341,000 | 382,843,000 | 393,359,000 |
| Noninterest-bearing deposits | 284,623,000 | 294,224,000 | 294,452,000 | 301,418,000 |
| Equity capital | 62,042,000 | 60,877,000 | 59,620,000 | 62,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 5,812,000 | 11,931,000 | 18,595,000 | 25,987,000 |
| Interest expense | 220,000 | 452,000 | 967,000 | 2,169,000 |
| Net interest income | 5,592,000 | 11,479,000 | 17,628,000 | 23,818,000 |
| Noninterest income | 1,159,000 | 2,377,000 | 3,564,000 | 5,586,000 |
| Noninterest expense | 5,371,000 | 10,837,000 | 16,369,000 | 21,989,000 |
| Provision for loan losses | 0 | 0 | -950,000 | -950,000 |
| Pretax income | 1,380,000 | 3,019,000 | 5,773,000 | 8,365,000 |
| Income tax | 284,000 | 621,000 | 1,192,000 | 1,558,000 |
| Net income | 1,096,000 | 2,398,000 | 4,581,000 | 6,807,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 66,518,000 | 67,820,000 | 69,337,000 | 71,563,000 |
| Total capital | 73,508,000 | 75,006,000 | 76,489,000 | 78,735,000 |
| Risk-weighted assets | 558,552,000 | 574,407,000 | 571,167,000 | 572,928,000 |