Progressive Savings Bank, FSB

Progressive Savings Bank, FSB is headquartered in Jamestown and is the 73^rd largest bank in the state of Tennessee. It is also the 2,532^nd largest bank in the nation. It was established in 1980 and as of March of 2012, it had grown to 98 employees at 6 locations. Progressive Savings Bank, FSB has a 3-star health rating.

Data for Q1 2012

Institution Statistics Progressive Savings Bank OTS # 07750 FDIC Certificate # 32021 BankRate Report View Year Established 1980 Employees 98 Primary Regulator FDIC Assets and Liabilities Assets $255.21 million Loans $158.53 million Deposits $230.28 million Equity Capital $22.58 million Loan Loss Allowance $1.69 million Unbacked Noncurrent Loans $2.26 million Real Estate Owned $5.12 million Historic Data - March 2011 Assets $253.81 million Equity Capital $21.91 million Loan Loss Allowance $1.43 million Unbacked Noncurrent Loans $3.96 million Real Estate Owned $4.82 million Profit Margin - Quarterly Net Interest Margin 3.88% Return on Assets 0.52% Return on Equity 5.82% Interest Income $2.70 million

Institution Health Overall Score: 3 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 Savings Bank, FSB had $7.38 million in non-current loans and owned real-estate with $24.27 million in equity and loan loss allowances on hand to cover it. This gives Progressive Savings Bank, FSB a Texas Ratio of 30.40% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Progressive Savings Bank, FSB decreased slightly from 39.22% as of March 31, 2011 to 30.40% as of March 31, 2012, resulting in a positive change of 22.50%.This indicates that the balance sheet and financial strength for Progressive Savings Bank, FSB has improved slightly in recent periods. Deposit Growth In the past year, Progressive Savings Bank, FSB has decreased its total deposits by $-242,000, resulting in -0.1% 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 Savings Bank, FSB has shown is 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 Savings Bank, FSB has $255.2 million in assets with $24.27 million in equity, resulting in a capitalization level of 9.51%, which is average.

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