ProGrowth Bank

Overview / Commentary

www.progrowth.com

507-232-3488

703 3rd Street
Nicollet, MN 56074-077

ProGrowth Bank is headquartered in Nicollet and is the 85^th largest bank in the state of Minnesota. It is also the 2,564^th largest bank in the nation. It was established in 1903 and as of March of 2022, it had grown to 28 employees at 4 locations. ProGrowth Bank's money market rates are 4X the national average, and it has an A health rating.

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Health

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	8536
Year Established	1903
Employees	28
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.76%
Return on Equity - YTD	9.87%
Annual Interest Income	$1.8MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$287.5MM$200.7MM
Loans	Q1 2022vs Q1 2021	$74.1MM$81.6MM
Deposits	Q1 2022vs Q1 2021	$232.4MM$164.9MM
Equity Capital	Q1 2022vs Q1 2021	$17.8MM$23.6MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$1.0MM$1.0MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$31.00K$40.00K
Real Estate Owned	Q1 2022vs Q1 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ProGrowth Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.43%^*	$250k^*	-	Business Investor Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.13% → $2.5k - $10k \| 0.99% → $10k - $100k \| 1.28% → $100k - $250k
0.72%	$100	-	IRA Savings
0.69%^*	$100k^*	-	Health Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.14% → $2.5k - $10k \| 0.41% → $10k - $100k
0.06%	$1	-	Panda Pals
0.06%	$50	-	Lifeline Savings
0.06%	$50	-	Business Statement Savings
0.04%	$50	-	Classic Savings

ProGrowth Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.56%^*	$250k^*	-	Platinum Money Market Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.13% → $2.5k - $10k \| 0.99% → $10k - $100k \| 1.45% → $100k - $250k
1.18%^*	$100k^*	-	Business Money Market Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.10% → $2.5k - $10k \| 1.13% → $10k - $100k
1.01%^*	$100k^*	-	Gold Money Market Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.10% → $2.5k - $10k \| 0.96% → $10k - $100k

ProGrowth Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.26%^*	$100k^*	-	Gold Rewards Checking
OTHER TIERS: 0.04% → Up to $2.5k \| 0.14% → $2.5k - $10k \| 0.16% → $10k - $50k \| 0.21% → $50k - $100k
0.26%^*	$100k^*	-	Platinum Rewards Checking
OTHER TIERS: 0.04% → Up to $2.5k \| 0.14% → $2.5k - $10k \| 0.16% → $10k - $50k \| 0.21% → $50k - $100k
0.21%^*	$50k^*	-	Silver Rewards Checking
OTHER TIERS: 0.04% → Up to $2.5k \| 0.14% → $2.5k - $10k \| 0.16% → $10k - $50k
0.05%	$1k	-	Bronze Rewards Checking
0.05%	$500	-	Gotta Grow It Business Checking

ProGrowth Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.45%	$10k	$3m	25 Month CD Special
2.25%	$10k	$3m	16 Month CD Special
1.60%^*	$90k^*	-	60 Month CD
OTHER TIERS: 0.86% → $1k - $10k \| 0.90% → $10k - $25k \| 0.95% → $25k - $90k
1.50%^*	$90k^*	-	48 Month CD
OTHER TIERS: 0.59% → $1k - $10k \| 0.64% → $10k - $25k \| 0.66% → $25k - $90k
1.45%^*	$90k^*	-	42 Month CD
OTHER TIERS: 0.51% → $1k - $10k \| 0.60% → $10k - $25k \| 0.65% → $25k - $90k
1.40%^*	$90k^*	-	36 Month CD
OTHER TIERS: 0.41% → $1k - $10k \| 0.51% → $10k - $25k \| 0.56% → $25k - $50k \| 0.59% → $50k - $90k
0.56%^*	$90k^*	-	30 Month CD
OTHER TIERS: 0.32% → $1k - $10k \| 0.46% → $10k - $25k \| 0.51% → $25k - $90k
0.54%^*	$90k^*	-	24 Month CD
OTHER TIERS: 0.28% → $1k - $10k \| 0.44% → $10k - $25k \| 0.49% → $25k - $90k
0.43%^*	$90k^*	-	18 Month CD
OTHER TIERS: 0.19% → $1k - $10k \| 0.33% → $10k - $25k \| 0.38% → $25k - $90k
0.35%^*	$90k^*	-	12 Month CD
OTHER TIERS: 0.11% → $1k - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $90k
0.25%^*	$25k^*	-	182 Day CD
OTHER TIERS: 0.07% → $1k - $10k \| 0.20% → $10k - $25k

ProGrowth Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.87%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 1.77% → $1k - $100k
1.67%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 1.57% → $1k - $100k
1.16%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 1.10% → $1k - $100k

Locations

ProGrowth Bank Locations
Progrowth Bank Branch	120 North Augusta Court Suite 111	Mankato, MN 56001
Progrowth Bank Branch	320 Main Street	Gaylord, MN 55334
Progrowth Bank	703 3rd Street	Nicollet, MN 56074

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