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Overview / Commentary
500 N. Main Street
Jamestown, TN 38556

Progressive Savings Bank is headquartered in Jamestown and is the 62nd largest bank in the state of Tennessee. It is also the 2,164th largest bank in the nation. It was established in 1980 and as of December of 2017, it had grown to 110 employees at 7 locations. Progressive Savings Bank has a B health rating.


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Health Grade Components

FDIC Certificate #32021
Year Established1980
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD12.32%
Annual Interest Income$12.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$307.8MM$294.7MM
LoansQ4 2017vs Q4 2016$203.5MM$211.5MM
DepositsQ4 2017vs Q4 2016$277.6MM$266.5MM
Equity CapitalQ4 2017vs Q4 2016$28.3MM$25.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.3MM$2.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.4MM$2.9MM
Real Estate OwnedQ4 2017vs Q4 2016$7.8MM$9.8MM
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Progressive Savings Bank Checking Account Rates

1.75%*-$15kKasasa Cash
OTHER TIERS: 0.05% $15k+

Progressive Savings Bank Locations
Cookeville Branch1080 Interstate DrCookeville, TN 38501
S Main St Branch1760 S Main StCrossville, TN 38555
Fairfield Glade Branch4929 Peavine RoadCrossville, TN 38571
Progressive Savings Bank500 North Main StreetJamestown, TN 38556
Wartburg Branch705 Main StWartburg, TN 37887
North Main Branch807 North MainCrossville, TN 38555