First Progressive Bank

First Progressive Bank is headquartered in Brewton and is the 138^th largest bank in the state of Alabama. It is also the 6,945^th largest bank in the nation. It was established in 1977 and as of March of 2012, it had grown to 12 employees at 1 location. First Progressive Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics First Progressive Bank FDIC Certificate # 22549 BankRate Report View Year Established 1977 Employees 12 Primary Regulator FED Assets and Liabilities Assets $30.01 million Loans $7.98 million Deposits $22.19 million Equity Capital $7.80 million Loan Loss Allowance $167,000 Unbacked Noncurrent Loans $82,000 Historic Data - March 2011 Assets $29.76 million Equity Capital $7.70 million Loan Loss Allowance $167,000 Unbacked Noncurrent Loans $102,000 Profit Margin - Quarterly Net Interest Margin 3.22% Return on Assets 0.05% Return on Equity 0.21% Interest Income $234,000

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Progressive Bank had $82,000 in non-current loans and owned real-estate with $7.96 million in equity and loan loss allowances on hand to cover it. This gives First Progressive Bank a Texas Ratio of 1.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Progressive Bank decreased slightly from 1.30% as of March 31, 2011 to 1.03% as of March 31, 2012, resulting in a positive change of 20.54%.This indicates that the balance sheet and financial strength for First Progressive Bank has improved slightly in recent periods. Deposit Growth In the past year, First Progressive Bank has increased its total deposits by $160,000, resulting in 0.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Progressive Bank has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Progressive Bank has $30.01 million in assets with $7.96 million in equity, resulting in a capitalization level of 26.53%, which is excellent.

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