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Progressive Bank


Overview / Commentary
www.progressivebank.com
318-398-9772
1411 North 19th Street
Monroe, LA 71201

Progressive Bank is headquartered in Monroe and is the 20th largest bank in the state of Louisiana. It is also the 1,228th largest bank in the nation. It was established in 1975 and as of March of 2021, it had grown to 135 employees at 9 locations. Progressive Bank has an A health rating.

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Health
A

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #22139
Year Established1975
Employees135
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD9.65%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$754.6MM$603.1MM
LoansQ1 2021vs Q1 2020$536.2MM$458.3MM
DepositsQ1 2021vs Q1 2020$619.1MM$530.1MM
Equity CapitalQ1 2021vs Q1 2020$64.6MM$62.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$7.5MM$5.4MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$880.00K$930.00K
Real Estate OwnedQ1 2021vs Q1 2020$947.00K$120.00K
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 Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*-$25kRewards Interest Checking
OTHER TIERS: 0.25% → $25k+
Locations


Progressive Bank Locations
Lamy Lane Financial Center Branch1380 Lamy LaneMonroe, LA 71201
Progressive Bank1411 North 19th StreetMonroe, LA 71201
Airline Financial Center2600 Beene BlvdBossier City, LA 71111
Winnsboro Branch301 Fair AvenueWinnsboro, LA 71295
West Monroe Financial Center Branch3421 Cypress StreetWest Monroe, LA 71291
Trenton Branch701 Trenton StreetWest Monroe, LA 71291
Fern Avenue Financial Center8550 Fern AvenueShreveport, LA 71105
Youree Drive Financial Center4523 Youree DriveShreveport, LA 71105
Ellerbe Road Financial Center9405 Ellerbe RoadShreveport, LA 71106

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