Progressive Ozark Bank

904 W Scenic Rivers Blvd
Salem, MO 65560

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31488
Date Established 1965
Assets $0.11 billion
Loans $0.09 billion
Deposits $0.10 billion
Capital $0.01 billion

Progressive Ozark Bank is an FDIC insured institution located in Salem, MO. It was founded in 1965 and has approximately $0.11 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - August 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.17% $5,000 $24,999 Learn MoreShow Less
Money Market
0.26% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.31% $1,000 - Learn MoreShow Less
6 Mo CD
0.56% $1,000 - Learn MoreShow Less
12 Mo CD
0.81% $1,000 - Learn MoreShow Less
18 Mo CD
1.16% $1,000 - Learn MoreShow Less
24 Mo CD
1.27% $1,000 - Learn MoreShow Less
36 Mo CD
1.43% $1,000 - Learn MoreShow Less
60 Mo CD
1.73% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.56% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.95% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $50 $2,499 Learn MoreShow Less
Int Ckg
0.07% $2,500 - Learn MoreShow Less

Loan Rates - August 18, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Progressive Ozark Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.414% 3.375% 0.50 $1,238 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Progressive Ozark Bank
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Branches

Progressive Ozark Bank 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


Progressive Ozark Bank Locations


Financial Details

Progressive Ozark Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Progressive Ozark Bank. 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
Progressive Ozark Bank U.S. Bank Average
2.99% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Progressive Ozark Bank had $364,000 in non-current loans and $42,000 in owned real estate. To cover these potential losses it had $12,791,000 in equity and $801,000 in loans loss reserves. That gives it a Texas Ratio of 2.99%.

Return on Equity
Progressive Ozark Bank U.S. Bank Average
15.16% 9.47%

Progressive Ozark Bank has a Return on Equity of 15.16% versus the BestCashCow average of 9.47%. 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
Progressive Ozark Bank U.S. Bank Average
11.31% 12.49%

Progressive Ozark Bank has a Capitalization of 11.31% versus the BestCashCow average of 12.49. 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.

Progressive Ozark Bank Balance Sheet Analysis

As of March 31, 2019, Progressive Ozark Bank had assets of $113,052,000, loans of $92,451,000, and deposits of $99,082,000. 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.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.10 billion
LIABILITIES
Total deposits $0.10 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 85.85%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.10 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Progressive Ozark Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial and Industrial Loans.

Compared to other banks in Missouri, Progressive Ozark Bank has a significantly higher percent of 1-4 Family Residential 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 69.37
Multifamily
Mortgages
0.17
Credit Card Loans 0.00
Consumer Auto Loans 4.55
Small Business Loans 0.00
Construction and Development Loans 6.20
Commercial Real Estate 3.68
Commercial and Industrial Loans 4.80
Farm Loans 3.48

Frequently Asked Questions About Progressive Ozark Bank

Branches and Savings

Is Progressive Ozark Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31488.

Why does Progressive Ozark Bank pay such low interest on savings accounts?

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

Why are Progressive Ozark Bank CD rates not competitive?

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

Is Progressive Ozark Bank a commercial bank?

Yes

Where are Progressive Ozark Bank locations?

See branch locations nearby.

Is Progressive Ozark Bank open on Saturdays?

Is Progressive Ozark Bank open on Sundays?

What time does Progressive Ozark Bank open?

What time does Progressive Ozark Bank close?

Are Progressive Ozark Bank ATMs Open 24/7?

Do Progressive Ozark Bank ATMs accept cash deposits?

Can Progressive Ozark Bank customers use other ATMs?

Do Progressive Ozark Bank branches have notaries?

Will Progressive Ozark Bank notarize my document?

What address for Progressive Ozark Bank should I put for incoming ACH transfers?

Will the Progressive Ozark Bank branch print checks?

Do Progressive Ozark Bank checks expire?

Does Progressive Ozark Bank require US citizenship to open account?

Can Progressive Ozark Bank close my account?

Does Progressive Ozark Bank Report to credit bureaus?

Does Progressive Ozark Bank Use Equifax?

What is Progressive Ozark Bank's ACH Routing Number?

What is Progressive Ozark Bank's SWIFT code?

Products

Does Progressive Ozark Bank offer mortgages?

Compare mortgage rates here.

Does Progressive Ozark Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Progressive Ozark Bank offer personal loans?

Compare personal loan rates here.

Does Progressive Ozark Bank offer student loans?

Will Progressive Ozark Bank cash a check?

Will Progressive Ozark Bank redeem a savings bond?

Does Progressive Ozark Bank cash savings bonds?

Will Progressive Ozark Bank cash money orders?

Can Progressive Ozark Bank issue a money order?

Does Progressive Ozark Bank do currency exchange?

Background on The Bank

Who owns Progressive Ozark Bank?

How long has Progressive Ozark Bank been around?

Can Progressive Ozark Bank transfer to other banks?

Does Progressive Ozark Bank have quick pay?

Does Progressive Ozark Bank accept rolled coins?

Will Progressive Ozark Bank accept loose change?

Where is Progressive Ozark Bank headquarters?

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