Progressive Bank, National Association

Progressive Bank, National Association is headquartered in Wheeling and is the 17^st largest bank in the state of West Virginia. It is also the 2,175^th largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 97 employees at 11 locations. Progressive Bank, National Association has a 5-star health rating.

Progressive Bank, National Association Savings Account Rates

Progressive Bank, National Association CD Rates

Progressive Bank, National Association IRA Rates

Data for Q1 2012

Institution Statistics Progressive Bank, National Association FDIC Certificate # 10002 BankRate Report View Year Established 1911 Employees 97 Primary Regulator OCC Assets and Liabilities Assets $300.81 million Loans $103.90 million Deposits $243.88 million Equity Capital $34.35 million Loan Loss Allowance $2.50 million Unbacked Noncurrent Loans $3.72 million Real Estate Owned $91,000 Historic Data - March 2011 Assets $283.55 million Equity Capital $31.30 million Loan Loss Allowance $2.00 million Unbacked Noncurrent Loans $4.39 million Real Estate Owned $168,000 Profit Margin - Quarterly Net Interest Margin 2.95% Return on Assets 0.64% Return on Equity 5.55% Interest Income $2.53 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 Progressive Bank, National Association had $3.81 million in non-current loans and owned real-estate with $36.85 million in equity and loan loss allowances on hand to cover it. This gives Progressive Bank, National Association a Texas Ratio of 10.34% 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 Progressive Bank, National Association decreased slightly from 13.76% as of March 31, 2011 to 10.34% as of March 31, 2012, resulting in a positive change of 24.85%.This indicates that the balance sheet and financial strength for Progressive Bank, National Association has improved slightly in recent periods. Deposit Growth In the past year, Progressive Bank, National Association has increased its total deposits by $9.66 million, resulting in 4.12% 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 above 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. Progressive Bank, National Association has $300.81 million in assets with $36.85 million in equity, resulting in a capitalization level of 12.25%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.