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 675th largest bank in the nation. It was established in 2008 and as of June of 2018, it had grown to 170 employees at 9 locations. Progress Bank (AL) has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #58719
Year Established2008
Employees170
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.29%
Annual Interest Income$23.0MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.15B$1.02B
LoansQ2 2018vs Q2 2017$906.9MM$830.2MM
DepositsQ2 2018vs Q2 2017$914.9MM$851.4MM
Equity CapitalQ2 2018vs Q2 2017$137.9MM$118.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$6.0MM$4.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$529.00K$488.00K
Real Estate OwnedQ2 2018vs Q2 2017$1.2MM$0
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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