Progress Bank of Missouri in Sullivan, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 28, 2008

  • Progress Bank of Missouri in Sullivan, Missouri (MO)
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Progress Bank of Missouri - Overview

  • General
  • FDIC Certificate #: 34560
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Farmers Bank & Trust, National Association (#17614)
    Federal Reserve ID: 2576433
    Date Established: October 27, 1997
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 59068
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 27, 1997
    Last Structure Change Effective Date: Febuary 28, 2008
    Last Structure Change Process Date: March 07, 2008
    Last Data Update: March 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 East Springfield, Sullivan, MO 63080
    County: Franklin
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: St. Louis
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • Financial Summary
  • Total assets: $202.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)

  • Dollar figures in thousands
  • 63Total employees (full-time equivalent)
  • $202,049Total assets
  • $3,709Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,012Securities
  • $3,094Federal funds sold & reverse repurchase agreements
  • $136,568Net loans & leases
  • $1,667Loan loss allowance
  • $0Trading account assets
  • $12,007Bank premises and fixed assets
  • $125Other real estate owned
  • $15,948Goodwill and other intangibles
  • $0Life insurance assets
  • $2,586All other assets
  • $202,049Total liabilities and capital
  • $170,256Total liabilities
  • $158,665Total deposits
  • $147,416Interest-bearing deposits
  • $158,665Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $2,591All other liabilities
  • $31,793Total equity capital
  • $31,793Total bank equity capital
  • $31,793Perpetual preferred stock
  • $0Common stock
  • $1,625Surplus
  • $29,805Undivided profits
  • Memoranda
  • $363Noncurrent loans and leases
  • $12,435Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $849Earning assets
  • $0Long-term assets (5+ years)
  • $1,040Average Assets, year-to-date
  • $167,674Average Assets, quarterly
  • $28,149Volatile liabilities
  • $190,509Insider loans
  • $199,747FHLB advances
  • $49,720Loans and leases held for sale
  • $5,660Unused loan commitments
  • $9,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $241Total risk weighted assets
  • $12,435Total unused commitments
  • $0Restructured Loans and leases
  • $1,667Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $3,580Total interest income
  • $2,106Total interest expense
  • $1,474Net interest income
  • $0Provision for loan and lease losses
  • $433Total noninterest income
  • $0Fiduciary activities
  • $267Service charges on deposit accounts
  • $0Trading account gains & fees
  • $166Additional noninterest income
  • $1,572Total noninterest expense
  • $821Salaries and employee benefits
  • $257Premises and equipment expense
  • $494Additional noninterest expense
  • $335Pre-tax net operating income
  • $0Securities gains (losses)
  • $135Applicable income taxes
  • $200Income before extraordinary items
  • $0Extraordinary gains - net
  • $200Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$16Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.15%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 0.88%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 0.94%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 0.95%Return on equity (ROE)
  • 0.95%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,601Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 196.35%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 86.07%Net loans and leases to core deposits
  • 125.35%Equity capital to assets
  • 15.74%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 11.52%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $190,509Average earning assets
  • $20,967Average equity
  • $166,657Average loans

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