Call reports 2023
PROGRESSIVE BANK — 2023
What PROGRESSIVE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 761,032,000 | 751,386,000 | 768,772,000 | 805,570,000 |
| Total loans | 528,671,000 | 533,384,000 | 526,249,000 | 531,645,000 |
| Allowance for loan losses | 8,022,000 | 7,998,000 | 7,903,000 | 7,843,000 |
| Securities available for sale | 115,735,000 | 122,323,000 | 123,736,000 | 110,767,000 |
| Securities held to maturity | 8,713,000 | 8,604,000 | 7,653,000 | 7,568,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 665,944,000 | 642,025,000 | 668,975,000 | 674,438,000 |
| Interest-bearing deposits | 388,509,000 | 395,828,000 | 438,633,000 | 449,776,000 |
| Noninterest-bearing deposits | 277,435,000 | 246,197,000 | 230,342,000 | 224,662,000 |
| Equity capital | 63,825,000 | 62,670,000 | 61,828,000 | 63,853,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 7,332,000 | 15,088,000 | 23,494,000 | 32,261,000 |
| Interest expense | 1,422,000 | 4,465,000 | 8,669,000 | 13,199,000 |
| Net interest income | 5,910,000 | 10,623,000 | 14,825,000 | 19,062,000 |
| Noninterest income | 1,092,000 | 2,224,000 | 3,337,000 | 4,526,000 |
| Noninterest expense | 5,612,000 | 11,010,000 | 16,263,000 | 21,808,000 |
| Provision for loan losses | 0 | 0 | -121,000 | -126,000 |
| Pretax income | 1,390,000 | 1,837,000 | 2,007,000 | 1,911,000 |
| Income tax | 285,000 | 372,000 | 400,000 | 374,000 |
| Net income | 1,105,000 | 1,465,000 | 1,607,000 | 1,537,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,665,000 | 71,026,000 | 70,835,000 | 70,519,000 |
| Total capital | 78,773,000 | 78,132,000 | 77,822,000 | 77,523,000 |
| Risk-weighted assets | 567,698,000 | 567,583,000 | 558,057,000 | 559,463,000 |