ProGrowth Bank

Overview / Commentary

www.progrowth.com

507-232-3488

703 3rd Street
Nicollet, MN 56074

ProGrowth Bank is headquartered in Nicollet and is the 116^th largest bank in the state of Minnesota. It is also the 3,351^st largest bank in the nation. It was established in 1903 and as of December of 2019, it had grown to 31 employees at 4 locations. ProGrowth Bank has an A health rating.

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Health

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	8536
Year Established	1903
Employees	31
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.84%
Return on Equity - YTD	9.18%
Annual Interest Income	$5.6MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$148.7MM$142.4MM
Loans	Q4 2019vs Q4 2018	$77.8MM$77.2MM
Deposits	Q4 2019vs Q4 2018	$131.5MM$126.7MM
Equity Capital	Q4 2019vs Q4 2018	$12.3MM$11.6MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$998.00K$1.1MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$55.00K$1,000.00K
Real Estate Owned	Q4 2019vs Q4 2018	$0$896.00K

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
0.38%^*	$100k^*	-	Business Investor Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.13% → $2.5k - $10k \| 0.24% → $10k - $100k
0.34%^*	$100k^*	-	Health Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.14% → $2.5k - $10k \| 0.16% → $10k - $100k
0.32%	$100	-	IRA Savings
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
0.45%^*	$100k^*	-	Platinum Money Market Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.13% → $2.5k - $10k \| 0.24% → $10k - $100k
0.38%^*	$100k^*	-	Business Money Market Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.10% → $2.5k - $10k \| 0.19% → $10k - $100k
0.36%^*	$100k^*	-	Gold Money Market Savings Account
OTHER TIERS: 0.04% → Up to $2.5k \| 0.10% → $2.5k - $10k \| 0.21% → $10k - $100k

ProGrowth Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.26%^*	-	$10k	Gold Rewards Checking
OTHER TIERS: 0.04% → $250k+ \| 0.14% → $100k - $250k \| 0.16% → $50k - $100k \| 0.21% → $10k - $50k
0.26%^*	-	$10k	Platinum Rewards Checking
OTHER TIERS: 0.04% → $250k+ \| 0.14% → $100k - $250k \| 0.16% → $50k - $100k \| 0.21% → $10k - $50k
0.21%^*	$10k^*	-	Silver Rewards Checking
OTHER TIERS: 0.04% → Up to $2.5k \| 0.14% → $2.5k - $10k
0.05%	$1k	-	Bronze Rewards Checking
0.05%	$500	-	Gotta Grow It Business Checking

ProGrowth Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.03%^*	$90k^*	-	60 Month CD
OTHER TIERS: 0.86% → $1k - $10k \| 0.90% → $10k - $25k \| 0.95% → $25k - $90k
0.72%^*	$90k^*	-	48 Month CD
OTHER TIERS: 0.59% → $1k - $10k \| 0.64% → $10k - $25k \| 0.66% → $25k - $90k
0.70%^*	$90k^*	-	42 Month CD
OTHER TIERS: 0.51% → $1k - $10k \| 0.60% → $10k - $25k \| 0.65% → $25k - $90k
0.61%^*	$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
0.67%	$1k	-	24 Month IRA
0.61%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.53% → $1k - $100k
0.41%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.36% → $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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