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Overview / Commentary
1701 Warwood Avenue
Wheeling, WV 26003

Progressive Bank, National Association is headquartered in Wheeling and is the 13st largest bank in the state of West Virginia. It is also the 1,952nd largest bank in the nation. It was established in 1911 and as of March of 2014, it had grown to 94 employees at 11 locations. Progressive Bank, National Association has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Progressive Bank, National Association had $881,000 in non-current loans and owned real-estate with $34.2 million in equity and loan loss allowances on hand to cover it. This gives Progressive Bank, National Association a Texas Ratio of 2.58% 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 Progressive Bank, National Association decreased dramatically from 8.45% as of March 31, 2013 to 2.58% as of March 31, 2014, resulting in a positive change of 69.52%.This indicates that the balance sheet and financial strength for Progressive Bank, National Association has improved dramatically in recent periods.

Deposit Growth


In the past year, Progressive Bank, National Association has increased its total deposits by $28.65 million, resulting in 11.42% 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 Progressive Bank, National Association has shown is excellent.



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. Progressive Bank, National Association has $336.92 million in assets with $34.2 million in equity, resulting in a capitalization level of 10.15%, which is above average.

Institution Statistics

FDIC Certificate #10002
Year Established1911
Primary RegulatorOCC
Assets and Liabilities
Assets$336.93 million
Loans$89.10 million
Deposits$279.59 million
Equity Capital$32.33 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$881,000
Real Estate Owned$0
Historic Data - March 2013
Assets$313.30 million
Equity Capital$34.87 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$881,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.53%
Return on Equity5.71%
Interest Income$2.41 million
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Progressive Bank, National Association Savings Account Rates

0.50%--Variable Passbook

Progressive Bank, National Association CD Rates

0.95%$1k-60 Month CD
0.70%$1k-48 Month CD
0.60%$1k-36 Month CD
0.50%$1k-24 Month CD
0.45%$1k-18 Month CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD
0.20%$1k-91 Day CD

Progressive Bank, National Association IRA Rates

0.95%$1k-60 Month IRA
0.60%$1k-36 Month IRA
0.50%$1k-24 Month IRA
0.50%$1k-30 Month IRA
0.45%$1k-18 Month IRA

Progressive Bank, National Association has 11 locations. Click to view all Progressive Bank, National Association locations.