Progress Bank and Trust

201 Williams Avenue
Huntsville, AL 35801

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58719
Date Established 2008
Assets $1.02 billion
Loans $0.83 billion
Deposits $0.85 billion
Capital $0.12 billion

Progress Bank and Trust is an FDIC insured institution located in Huntsville, AL. It was founded in 2008 and has approximately $1.02 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Progress Bank and Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Progress Bank and Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Alabama, Progress Bank and Trust has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.52
Multifamily
Mortgages
5.62
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 8.37
Construction and Development Loans 13.32
Commercial Real Estate 35.05
Commercial and Industrial Loans 20.25
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.20% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.25% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.30% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1 $4,999 Learn MoreShow Less
MM 10K
0.15% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.15% $25,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $25 $1,999 Learn MoreShow Less
Int Ckg 2.5K
0.10% $2,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Progress Bank and Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Progress Bank and Trust Locations

Financial Details

Progress Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Progress Bank and Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Progress Bank and Trust U.S. Bank Average
0.4% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Progress Bank and Trust had $488,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $118,670,000 in equity and $4,739,000 in loans loss reserves. That gives it a Texas Ratio of 0.4%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Progress Bank and Trust U.S. Bank Average
7.09% 8.58

Progress Bank and Trust has a Return on Equity of 7.09% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Progress Bank and Trust U.S. Bank Average
11.61% 12.11

Progress Bank and Trust has a Capitalization of 11.61% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Progress Bank and Trust Balance Sheet Analysis

As of June 30, 2017, Progress Bank and Trust had assets of $1,022,368,000, loans of $830,163,000, and deposits of $851,381,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Progress Bank and Trust

Branches and Savings

Is Progress Bank and Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58719.

Why does Progress Bank and Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Progress Bank and Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Progress Bank and Trust a commercial bank?

Yes

Where are Progress Bank and Trust locations?

See branch locations nearby.

Is Progress Bank and Trust open on Saturdays?

Is Progress Bank and Trust open on Sundays?

What time does Progress Bank and Trust open?

What time does Progress Bank and Trust close?

Are Progress Bank and Trust ATMs Open 24/7?

Do Progress Bank and Trust ATMs accept cash deposits?

Can Progress Bank and Trust customers use other ATMs?

Do Progress Bank and Trust branches have notaries?

Will Progress Bank and Trust notarize my document?

What address for Progress Bank and Trust should I put for incoming ACH transfers?

Will the Progress Bank and Trust branch print checks?

Do Progress Bank and Trust checks expire?

Does Progress Bank and Trust require US citizenship to open account?

Can Progress Bank and Trust close my account?

Does Progress Bank and Trust Report to credit bureaus?

Does Progress Bank and Trust Use Equifax?

What is Progress Bank and Trust's ACH Routing Number?

What is Progress Bank and Trust's SWIFT code?

Products

Does Progress Bank and Trust offer mortgages?

Compare mortgage rates here.

Does Progress Bank and Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Progress Bank and Trust offer personal loans?

Compare personal loan rates here.

Does Progress Bank and Trust offer student loans?

Will Progress Bank and Trust cash a check?

Will Progress Bank and Trust redeem a savings bond?

Does Progress Bank and Trust cash savings bonds?

Will Progress Bank and Trust cash money orders?

Can Progress Bank and Trust issue a money order?

Does Progress Bank and Trust do currency exchange?

Background on The Bank

Who owns Progress Bank and Trust?

How long has Progress Bank and Trust been around?

Can Progress Bank and Trust transfer to other banks?

Does Progress Bank and Trust have quick pay?

Does Progress Bank and Trust accept rolled coins?

Will Progress Bank and Trust accept loose change?

Where is Progress Bank and Trust headquarters?

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