Overview / Commentary
Progressive Bank is headquartered in Monroe and is the 22nd largest bank in the state of Louisiana. It is also the 1,286th largest bank in the nation. It was established in 1975 and as of December of 2018, it had grown to 128 employees at 7 locations. Progressive Bank's money market rates are 4X the national average, and it boasts an A+ health rating.
Health
A+
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 22139 |
| Year Established | 1975 |
| Employees | 128 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 7.49% |
| Annual Interest Income | $24.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $563.3MM$524.9MM |
| Loans | Q4 2018vs Q4 2017 | $444.3MM$429.9MM |
| Deposits | Q4 2018vs Q4 2017 | $472.1MM$436.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $60.8MM$59.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $4.9MM$4.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $520.00K$494.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $162.00K$202.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Progressive Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $25k | - | PRO 17 Personal Money Market Special |
Progressive Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 4.05%* | - | $25k | Rewards Interest Checking | ||
| OTHER TIERS: 0.50% → $25k+ | |||||
Progressive Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.65% | $1k | $5m | 15 Month CD Special - New Money | |
| 2.50% | $1k | $5m | 11 Month CD Special (New Money Only) |
Locations
| Progressive Bank Locations | ||
|---|---|---|
| Lamy Lane Financial Center Branch | 1380 Lamy Lane | Monroe, LA 71201 |
| Progressive Bank | 1411 North 19th Street | Monroe, LA 71201 |
| Airline Financial Center | 2600 Beene Blvd | Bossier City, LA 71111 |
| Winnsboro Branch | 301 Fair Avenue | Winnsboro, LA 71295 |
| West Monroe Financial Center Branch | 3421 Cypress Street | West Monroe, LA 71291 |
| Trenton Branch | 701 Trenton Street | West Monroe, LA 71291 |
| Fern Avenue Financial Center | 8550 Fern Avenue | Shreveport, LA 71105 |