Progress Bank and Trust in Huntsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Progress Bank and Trust in Huntsville, Alabama (AL)
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Progress Bank and Trust - Overview

  • General
  • FDIC Certificate #: 58719
    Status: Active
    Federal Reserve ID: 3690596
    Date Established: Febuary 04, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 464009
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 04, 2008
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Williams Avenue, Huntsville, AL 35801
    County: Madison
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Huntsville, AL (#3440)
    Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
    Core Based Statistical Area (CBSA): Huntsville, AL (#26620)
    CBSA Metro Statistical Area: Huntsville, AL (#26620)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $391.2 mil
    Equity capital: $42.3 mil
    Deposits held in domestic offices: $332.8 mil
    Return on assets (ROA): 0.44% ($1.7 mil)
    Quarterly return on assets: 0.63% ($2.5 mil)
    Return on Equity (ROE): 3.92% ($1.6 mil)
    Quarterly return on equity: 5.69% ($2.4 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.63% ($2,464.6 mil)
    Quarterly Pretax return on assets: 0.91% ($3,560.0 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 76Total employees (full-time equivalent)
  • $391,209Total assets
  • $11,199Cash and due from depository institutions
  • $1,553Interest-bearing balances
  • $78,380Securities
  • $5,618Federal funds sold & reverse repurchase agreements
  • $276,073Net loans & leases
  • $3,503Loan loss allowance
  • $674Trading account assets
  • $3,602Bank premises and fixed assets
  • $3,141Other real estate owned
  • $0Goodwill and other intangibles
  • $391,209Life insurance assets
  • $12,522All other assets
  • $348,890Total liabilities and capital
  • $332,823Total liabilities
  • $301,630Total deposits
  • $332,823Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 4822.00%% insured (estimated)
  • $674Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $571Subordinated debt
  • $42,319All other liabilities
  • $42,319Total equity capital
  • $42,319Total bank equity capital
  • $0Perpetual preferred stock
  • $5,979Common stock
  • $37,774Surplus
  • $-1,434Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $12,266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,515Income earned, not collected on loans
  • $0Earning assets
  • $1,406Long-term assets (5+ years)
  • $361,624Average Assets, year-to-date
  • $120,925Average Assets, quarterly
  • $352,934Volatile liabilities
  • $378,915Insider loans
  • $330,671FHLB advances
  • $379,913Loans and leases held for sale
  • $8,220Unused loan commitments
  • $8,220Tier 1 (core) risk-based capital
  • $41,623Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $61,008Restructured Loans and leases
  • $6,978Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,772Total interest income
  • $3,400Total interest expense
  • $11,372Net interest income
  • $803Provision for loan and lease losses
  • $2,677Total noninterest income
  • $0Fiduciary activities
  • $110Service charges on deposit accounts
  • $163Trading account gains & fees
  • $2,404Additional noninterest income
  • $11,245Total noninterest expense
  • $7,267Salaries and employee benefits
  • $1,455Premises and equipment expense
  • $2,523Additional noninterest expense
  • $2,001Pre-tax net operating income
  • $206Securities gains (losses)
  • $642Applicable income taxes
  • $1,565Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,565Net income attributable to bank
  • $0Net charge-offs
  • $1,565Cash dividends
  • $335Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 3.92%Return on equity (ROE)
  • 3.92%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 239.70%Credit loss provision to net charge-offs
  • 8.37%Efficiency ratio
  • 80,041Assets per employee
  • 5.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 63.52%Noncurrent assets plus other real estate owned to assets
  • 2.21%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 82.95%Net loans and leases to core deposits
  • 93.92%Equity capital to assets
  • 10.82%Core capital (leverage) ratio
  • 10.96%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $352,934Average earning assets
  • $39,959Average equity
  • $328,201Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0464009Progress Bank And Trust201 Williams Avenue, Huntsville, AL 35801Febuary 04, 2008Full Service Brick and Mortar
    1472627Grant Street Branch255 Grant Street, Decatur, AL 35601Febuary 04, 2008Full Service Brick and Mortar
    2514904Carl T. Jones Drive Branch2746 Carl T. Jones Drive, Huntsville, AL 35802November 22, 2010Full Service Brick and Mortar

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