Progressive Bank in Winnsboro, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Progressive Bank - Overview

  • General
  • FDIC Certificate #: 22139
    Status: Active
    Federal Reserve ID: 1007154
    Bank Holding Company (Regulatory Top Holder): Progressive Bancorp, Inc. (RSSDID: 1108659, Location: Monroe, LA)
    Date Established: October 10, 1975
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10901
    FDIC's unique #: 15379
    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: October 10, 1975
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Fair Street, Winnsboro, LA 71295
    County: Franklin
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Shreveport
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $436.2 mil
    Equity capital: $53.9 mil
    Deposits held in domestic offices: $348.1 mil
    Return on assets (ROA): 0.65% ($2.8 mil)
    Quarterly return on assets: 0.60% ($2.6 mil)
    Return on Equity (ROE): 6.32% ($3.4 mil)
    Quarterly return on equity: 4.95% ($2.7 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.88% ($3,838.5 mil)
    Quarterly Pretax return on assets: 0.84% ($3,664.0 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, 2011)

  • Dollar figures in thousands
  • 129Total employees (full-time equivalent)
  • $436,191Total assets
  • $37,751Cash and due from depository institutions
  • $28,818Interest-bearing balances
  • $38,389Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $327,711Net loans & leases
  • $5,302Loan loss allowance
  • $0Trading account assets
  • $16,213Bank premises and fixed assets
  • $129Other real estate owned
  • $0Goodwill and other intangibles
  • $436,191Life insurance assets
  • $15,998All other assets
  • $382,287Total liabilities and capital
  • $348,120Total liabilities
  • $222,160Total deposits
  • $348,120Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,000Trading liabilities
  • $0Other borrowed funds
  • $3,167Subordinated debt
  • $53,904All other liabilities
  • $53,904Total equity capital
  • $53,904Total bank equity capital
  • $0Perpetual preferred stock
  • $790Common stock
  • $22,407Surplus
  • $30,707Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,796Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,174Income earned, not collected on loans
  • $0Earning assets
  • $1,335Long-term assets (5+ years)
  • $394,918Average Assets, year-to-date
  • $32,451Average Assets, quarterly
  • $446,302Volatile liabilities
  • $444,316Insider loans
  • $362,031FHLB advances
  • $450,735Loans and leases held for sale
  • $8,593Unused loan commitments
  • $3,109Tier 1 (core) risk-based capital
  • $53,676Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,484Total unused commitments
  • $95,559Restructured Loans and leases
  • $7,564Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,808Total interest income
  • $2,543Total interest expense
  • $17,265Net interest income
  • $1,973Provision for loan and lease losses
  • $4,379Total noninterest income
  • $598Fiduciary activities
  • $2,452Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,329Additional noninterest income
  • $15,757Total noninterest expense
  • $9,361Salaries and employee benefits
  • $2,450Premises and equipment expense
  • $3,946Additional noninterest expense
  • $3,914Pre-tax net operating income
  • $0Securities gains (losses)
  • $991Applicable income taxes
  • $2,923Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,923Net income attributable to bank
  • $0Net charge-offs
  • $2,923Cash dividends
  • $1,350Sale, conversion, retirement of capital stock, net
  • $375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 6.32%Return on equity (ROE)
  • 5.51%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 146.15%Credit loss provision to net charge-offs
  • 4.36%Efficiency ratio
  • 72,801Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.83%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 243.88%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 94.14%Net loans and leases to core deposits
  • 100.80%Equity capital to assets
  • 12.36%Core capital (leverage) ratio
  • 11.91%Tier 1 risk-based capital ratio
  • 14.83%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $446,302Average earning assets
  • $46,226Average equity
  • $406,163Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $90,659Managed Assets
  • 1Number of Accounts
  • $73,056Personal trust and agency accounts
  • $12,383Employee benefit-defined contribution accounts
  • $8,726Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $12,500Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $39,447Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 400Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17,603Other retirement accounts
  • $0Corporate trust and agency accounts
  • $8,318Other fiduciary accounts
  • $5,728Fiduciary accounts held in foreign offices

List of branches

  • 7 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015379Progressive Bank301 Fair Street, Winnsboro, LA 71295October 10, 1975Full Service Brick and Mortar
    1254117Monroe Branch1411 North 19th Street, Monroe, LA 71201August 28, 1997Full Service Brick and Mortar
    2254118West Monroe Financial Center Branch3421 Cypress Street, West Monroe, LA 71291January 29, 1999Full Service Brick and Mortar
    6363174Lamy Lane Financial Center Branch1380 Lamy Lane, Monroe, LA 71201Febuary 19, 2002Full Service Brick and Mortar
    7364004Trenton Branch701 Trenton Street, West Monroe, LA 71291June 05, 2002Full Service Brick and Mortar
    8477910Airline Financial Center2600 Beene Blvd, Bossier City, LA 71111July 02, 2008Full Service Brick and Mortar
    9510148Fern Avenue Financial Center8550 Fern Avenue, Shreveport, LA 71105June 28, 2010Full Service Brick and Mortar

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