Call reports 2014
PROGRESSIVE SAVINGS BANK — 2014
What PROGRESSIVE SAVINGS BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 265,083,000 | 259,340,000 | 251,396,000 | 259,303,000 |
| Total loans | 166,483,000 | 166,458,000 | 166,713,000 | 167,841,000 |
| Allowance for loan losses | 1,125,000 | 1,369,000 | 1,366,000 | 1,356,000 |
| Securities available for sale | 36,033,000 | 34,088,000 | 32,166,000 | 31,063,000 |
| Securities held to maturity | 1,475,000 | 1,475,000 | 1,475,000 | 1,475,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 240,318,000 | 234,449,000 | 225,788,000 | 234,235,000 |
| Interest-bearing deposits | 206,454,000 | 196,728,000 | 195,962,000 | 198,703,000 |
| Noninterest-bearing deposits | 33,864,000 | 37,721,000 | 29,826,000 | 35,532,000 |
| Equity capital | 23,387,000 | 23,609,000 | 23,249,000 | 23,563,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,476,000 | 4,999,000 | 7,482,000 | 9,945,000 |
| Interest expense | 315,000 | 616,000 | 917,000 | 1,215,000 |
| Net interest income | 2,161,000 | 4,383,000 | 6,565,000 | 8,730,000 |
| Noninterest income | 968,000 | 1,992,000 | 3,027,000 | 4,119,000 |
| Noninterest expense | 2,918,000 | 5,786,000 | 8,701,000 | 11,489,000 |
| Provision for loan losses | 0 | 20,000 | 20,000 | 20,000 |
| Pretax income | 211,000 | 649,000 | 951,000 | 1,420,000 |
| Income tax | 16,000 | 45,000 | 67,000 | 75,000 |
| Net income | 195,000 | 604,000 | 884,000 | 1,345,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,711,000 | 23,017,000 | 22,567,000 | 22,838,000 |
| Total capital | 23,836,000 | 24,386,000 | 23,933,000 | 24,194,000 |
| Risk-weighted assets | 190,669,000 | 188,631,000 | 187,752,000 | 191,935,000 |