Progressive Bank

Progressive Bank is headquartered in Winnsboro and is the 28^th largest bank in the state of Louisiana. It is also the 1,566^th largest bank in the nation. It was established in 1975 and as of March of 2012, it had grown to 133 employees at 7 locations. Progressive Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics Progressive Bank FDIC Certificate # 22139 BankRate Report View Year Established 1975 Employees 133 Primary Regulator FDIC Assets and Liabilities Assets $424.81 million Loans $339.96 million Deposits $337.72 million Equity Capital $54.30 million Loan Loss Allowance $5.59 million Unbacked Noncurrent Loans $1.70 million Real Estate Owned $39,000 Historic Data - March 2011 Assets $430.47 million Equity Capital $41.17 million Loan Loss Allowance $4.97 million Unbacked Noncurrent Loans $1.69 million Real Estate Owned $83,000 Profit Margin - Quarterly Net Interest Margin 4.63% Return on Assets 0.71% Return on Equity 5.68% Interest Income $4.97 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 had $1.74 million in non-current loans and owned real-estate with $59.9 million in equity and loan loss allowances on hand to cover it. This gives Progressive Bank a Texas Ratio of 2.91% 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 decreased slightly from 3.85% as of March 31, 2011 to 2.91% as of March 31, 2012, resulting in a positive change of 24.57%.This indicates that the balance sheet and financial strength for Progressive Bank has improved slightly in recent periods. Deposit Growth In the past year, Progressive Bank has decreased its total deposits by -$7.83 million, resulting in -2.27% 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 has shown is below 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 has $424.81 million in assets with $59.9 million in equity, resulting in a capitalization level of 14.10%, which is excellent.

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