Institution Statistics
| FDIC Certificate # | 32251 | | BankRate Report | View | | Year Established | 1984 | | Employees | 22 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $119.74 million | | Loans | $100.05 million | | Deposits | $108.68 million | | Equity Capital | $3.46 million | | Loan Loss Allowance | $5.17 million | | Unbacked Noncurrent Loans | $19.87 million | | Real Estate Owned | $111,000 |
Historic Data - March 2009 | | Assets | $109.28 million | | Equity Capital | $11.47 million | | Loan Loss Allowance | $5.17 million | | Unbacked Noncurrent Loans | $5.13 million | | Real Estate Owned | $308,000 |
Profit Margin - Quarterly | | Net Interest Margin | 2.76% | | Return on Assets | 0.08% | | Return on Equity | 2.57% | | Interest Income | $1.53 million |
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Institution Health
Overall Score:
1 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, 2010 Progress Bank had $19.98 million in non-current loans and owned real-estate with $8.63 million in equity and loan loss allowances on hand to cover it. This gives Progress Bank a Texas Ratio of 231.54% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Progress Bank increased dramatically from 32.71% as of March 31, 2009 to 231.54% as of March 31, 2010, resulting in a negative change of 607.91%. This indicates that the balance sheet and financial strength for Progress Bank has declined dramatically in recent periods. | | Deposit Growth |  | | In the past year, Progress Bank has increased it's total deposits by $22.37 million, resulting in 25.92% 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 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 has $119.74 million in assets with $8.63 million in equity, resulting in a capitalization level of 7.21%, which is poor. |
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