Progress Bank and Trust

Progress Bank and Trust is headquartered in Huntsville and is the 19^st largest bank in the state of Alabama. It is also the 1,578^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 73 employees at 3 locations. Progress Bank and Trust has a 5-star health rating.

Data for Q1 2012

Institution Statistics Progress Bank and Trust FDIC Certificate # 58719 BankRate Report View Year Established 2008 Employees 73 Primary Regulator FDIC Assets and Liabilities Assets $422.57 million Loans $287.09 million Deposits $355.03 million Equity Capital $50.72 million Loan Loss Allowance $3.28 million Unbacked Noncurrent Loans $4.99 million Real Estate Owned $2.93 million Historic Data - March 2011 Assets $338.83 million Equity Capital $39.21 million Loan Loss Allowance $3.21 million Unbacked Noncurrent Loans $5.99 million Real Estate Owned $2.20 million Profit Margin - Quarterly Net Interest Margin 3.48% Return on Assets 0.52% Return on Equity 4.53% Interest Income $4.09 million

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 Progress Bank and Trust had $7.92 million in non-current loans and owned real-estate with $53.99 million in equity and loan loss allowances on hand to cover it. This gives Progress Bank and Trust a Texas Ratio of 14.67% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Progress Bank and Trust decreased slightly from 19.31% as of March 31, 2011 to 14.67% as of March 31, 2012, resulting in a positive change of 24.03%.This indicates that the balance sheet and financial strength for Progress Bank and Trust has improved slightly in recent periods. Deposit Growth In the past year, Progress Bank and Trust has increased its total deposits by $60.63 million, resulting in 20.6% 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 Progress Bank and Trust has shown is excellent. 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. Progress Bank and Trust has $422.57 million in assets with $53.99 million in equity, resulting in a capitalization level of 12.78%, which is excellent.

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