Call reports 2024
PROGRESSIVE BANK — 2024
What PROGRESSIVE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 803,136,000 | 812,270,000 | 825,632,000 | 763,522,000 |
| Total loans | 525,897,000 | 527,839,000 | 536,872,000 | 567,372,000 |
| Allowance for loan losses | 7,808,000 | 7,687,000 | 7,625,000 | 7,610,000 |
| Securities available for sale | 91,693,000 | 71,679,000 | 75,056,000 | 63,953,000 |
| Securities held to maturity | 6,990,000 | 6,887,000 | 5,910,000 | 5,809,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 673,102,000 | 680,685,000 | 690,234,000 | 686,135,000 |
| Interest-bearing deposits | 469,046,000 | 482,474,000 | 489,259,000 | 482,326,000 |
| Noninterest-bearing deposits | 204,056,000 | 198,211,000 | 200,975,000 | 203,809,000 |
| Equity capital | 63,744,000 | 64,533,000 | 66,893,000 | 67,270,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 9,233,000 | 18,865,000 | 29,009,000 | 38,740,000 |
| Interest expense | 4,897,000 | 9,945,000 | 15,016,000 | 18,982,000 |
| Net interest income | 4,336,000 | 8,920,000 | 13,993,000 | 19,758,000 |
| Noninterest income | 1,099,000 | 2,247,000 | 3,432,000 | 4,701,000 |
| Noninterest expense | 5,339,000 | 10,687,000 | 16,028,000 | 21,553,000 |
| Provision for loan losses | -10,000 | -110,000 | -124,000 | -122,000 |
| Pretax income | 96,000 | 592,000 | 1,508,000 | 3,037,000 |
| Income tax | 16,000 | 116,000 | 302,000 | 624,000 |
| Net income | 80,000 | 476,000 | 1,206,000 | 2,413,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,599,000 | 70,995,000 | 71,724,000 | 72,932,000 |
| Total capital | 77,733,000 | 77,924,000 | 78,688,000 | 80,294,000 |
| Risk-weighted assets | 570,040,000 | 553,572,000 | 556,444,000 | 588,714,000 |