ProGrowth Bank

Overview / Commentary
703 3rd Street
Nicollet, MN 56074

ProGrowth Bank is headquartered in Nicollet and is the 145th largest bank in the state of Minnesota. It is also the 3,772nd largest bank in the nation. It was established in 1903 and as of September of 2019, it had grown to 31 employees at 4 locations. ProGrowth Bank has an A health rating.


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Health Grade Components

FDIC Certificate #8536
Year Established1903
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD10.05%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$118.6MM$118.5MM
LoansQ3 2019vs Q3 2018$80.3MM$75.0MM
DepositsQ3 2019vs Q3 2018$100.6MM$100.8MM
Equity CapitalQ3 2019vs Q3 2018$12.1MM$11.3MM
Loan Loss AllowanceQ3 2019vs Q3 2018$993.00K$1.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$59.00K$219.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$896.00K

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 StreetNicollet, MN 56074

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