ProGrowth Bank

Overview / Commentary
703 3rd Street
Nicollet, MN 56074-077

ProGrowth Bank is headquartered in Nicollet and is the 88th largest bank in the state of Minnesota. It is also the 2,620th largest bank in the nation. It was established in 1903 and as of June of 2022, it had grown to 29 employees at 4 locations. ProGrowth Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #8536
Year Established1903
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD11.06%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$273.3MM$231.6MM
LoansQ2 2022vs Q2 2021$74.1MM$83.2MM
DepositsQ2 2022vs Q2 2021$227.3MM$198.3MM
Equity CapitalQ2 2022vs Q2 2021$11.9MM$24.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.0MM$1.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$28.00K$37.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for ProGrowth Bank are currently being reviewed.


ProGrowth Bank Locations
Progrowth Bank Branch120 North Augusta Court Suite 111Mankato, MN 56001
Progrowth Bank Branch320 Main StreetGaylord, MN 55334
Progrowth Bank703 3rd StNicollet, MN 56074

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