Overview / Commentary
Progressive Bank is headquartered in Monroe and is the 20th largest bank in the state of Louisiana. It is also the 1,246th largest bank in the nation. It was established in 1975 and as of September of 2021, it had grown to 136 employees at 9 locations. Progressive Bank has an A health rating.
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Health
A
Data as of Q3 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 22139 |
| Year Established | 1975 |
| Employees | 136 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 9.54% |
| Annual Interest Income | $19.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $761.6MM$732.5MM |
| Loans | Q3 2021vs Q3 2020 | $510.2MM$547.5MM |
| Deposits | Q3 2021vs Q3 2020 | $664.2MM$583.5MM |
| Equity Capital | Q3 2021vs Q3 2020 | $66.5MM$62.7MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $7.4MM$6.2MM |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $923.00K$1.6MM |
| Real Estate Owned | Q3 2021vs Q3 2020 | $893.00K$104.00K |