ProGrowth Bank


Overview / Commentary
507-232-3488
703 3rd Street
Nicollet, MN 56074-077

ProGrowth Bank is headquartered in NICOLLET and is the 59th largest bank in the state of Minnesota. It is also the 2,072nd largest bank in the nation. It was established in 1903 and as of September of 2024, it had grown to 30 employees at 4 locations. ProGrowth Bank has a B+ health rating.

Reviews

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Health
B+

Health Grade Components

Overall
FDIC Certificate #8536
Year Established1903
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD21.39%
Annual Interest Income$16.4MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$401.8MM$351.2MM
LoansQ3 2024vs Q3 2023$77.8MM$72.3MM
DepositsQ3 2024vs Q3 2023$344MM$300.3MM
Equity CapitalQ3 2024vs Q3 2023$18.9MM$8.5MM
Loan Loss AllowanceQ3 2024vs Q3 2023$634K$646K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$7K$18K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

Rates for ProGrowth Bank are currently being reviewed.

Locations


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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