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Overview / Commentary
256-319-3600
201 Williams Avenue
Huntsville, AL 35801

Progress Bank (AL) is headquartered in Huntsville and is the 9th largest bank in the state of Alabama. It is also the 742nd largest bank in the nation. It was established in 2008 and as of December of 2017, it had grown to 147 employees at 8 locations. Progress Bank (AL) has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #58719
Year Established2008
Employees147
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD6.97%
Annual Interest Income$35.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.02B$729.5MM
LoansQ4 2017vs Q4 2016$850.0MM$545.5MM
DepositsQ4 2017vs Q4 2016$825.2MM$635.4MM
Equity CapitalQ4 2017vs Q4 2016$125.6MM$67.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$5.0MM$4.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.2MM$75.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$9.00K
Rates

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Locations


Progress Bank (AL) Locations
Progress Bank and Trust201 Williams AvenueHuntsville, AL 35801
Grant Street Branch255 Grant StreetDecatur, AL 35601
Carl T. Jones Drive Branch2746 Carl T. Jones DriveHuntsville, AL 35802
Madison Branch8337 Highway 72Madison, AL 35758
Florence Branch230 East Tennessee StreetFlorence, AL 35630
Vestride Branch1360 Montgomery HighwayBirmingham, AL 35216
First Partners Bank Branch2121 Highland Avenue SouthBirmingham, AL 35205
Destin Florida Branch35008 Emerald Coast ParkwayDestin, FL 32541
Inlet Beach Branch12805 Us Highway 98 E, Building AInlet Beach, FL 32461

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