Progressive National Bank of DeSoto Parish in Mansfield, Louisiana (LA)



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Progressive National Bank of DeSoto Parish routing number info

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Progressive National Bank of DeSoto Parish
GeneralFDIC Certificate #: 24443
Status: Active
Federal Reserve ID: 675855
Date Established: March 28, 1983
WWW: http://www.progressivenational.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 16990
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: March 28, 1983
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
LocationAddress: 300 Washington Street, Mansfield, LA 71052
County: De Soto
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
Combined Statistical Area (CSA): Shreveport-Bossier City-Minden, LA (#508)
Core Based Statistical Area (CBSA): Shreveport-Bossier City, LA (#43340)
CBSA Metro Statistical Area: Shreveport-Bossier City, LA (#43340)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $35.5 mil
Equity capital: $2.8 mil
Deposits held in domestic offices: $32.6 mil
Return on assets (ROA): 0.43% ($0.2 mil)
Quarterly return on assets: 0.34% ($0.1 mil)
Return on Equity (ROE): 5.29% ($0.2 mil)
Quarterly return on equity: 4.13% ($0.1 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.67% ($237.8 mil)
Quarterly Pretax return on assets: 0.90% ($319.5 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)
Total employees (full-time equivalent)16
Total assets$35,497
Cash and due from depository institutions$8,646
Interest-bearing balances$7,538
Securities$9,130
Federal funds sold & reverse repurchase agreements$206
Net loans & leases$15,320
Loan loss allowance $155
Trading account assets$0
Bank premises and fixed assets$1,555
Other real estate owned$60
Goodwill and other intangibles$23
All other assets$557
Life insurance assets$35,497
Total liabilities and capital$32,679
Total liabilities$32,631
Total deposits$24,762
Interest-bearing deposits$32,631
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $48
All other liabilities $2,818
Total equity capital$2,818
Total bank equity capital$2,818
Perpetual preferred stock$0
Common stock$1,487
Surplus$1,904
Undivided profits $-573
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $102
Earning assets $0
Long-term assets (5+ years) $164
Average Assets, year-to-date $32,194
Average Assets, quarterly $10,256
Volatile liabilities $33,406
Insider loans $34,589
FHLB advances $16,621
Loans and leases held for sale $34,876
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,791
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $619
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,411
Total interest expense $190
Net interest income $1,221
Provision for loan and lease losses $15
Total noninterest income $502
Fiduciary activities $0
Service charges on deposit accounts $148
Trading account gains & fees $0
Additional noninterest income $354
Total noninterest expense $1,446
Salaries and employee benefits $751
Premises and equipment expense $182
Additional noninterest expense $513
Pre-tax net operating income $262
Securities gains (losses) -$38
Applicable income taxes $81
Income before extraordinary items $143
Extraordinary gains - net $0
Net income attributable to bank $143
Net charge-offs $0
Cash dividends $143
Sale, conversion, retirement of capital stock, net $18
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.70%
Cost of funding earning assets 0.63%
Net interest margin 4.07%
Noninterest income to earning assets 1.67%
Noninterest expense to earning assets 4.82%
Net operating income to assets 0.50%
Return on assets (ROA) 0.43%
Pretax return on assets 0.67%
Return on equity (ROE) 5.29%
Retained earnings to average equity (YTD only) 5.29%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 83.33%
Efficiency ratio15.39%
Assets per employee$83,923
Cash dividends to net income (YTD only)2.22%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 151.96%
Noncurrent loans to loans 0.46%
Net loans and leases to deposits0.66%
Net loans and leases to core deposits 46.95%
Equity capital to assets 52.07%
Core capital (leverage) ratio 7.94%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 16.79%
Memoranda
Average assets$18
Average earning assets$33,406
Average equity $2,704
Average loans $29,992
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3 Louisiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
016990Progressive National Bank Of Desoto300 Washington Street, Mansfield, LA 71052March 28, 1983Full Service Brick and Mortar
1363646Stonewall Branch5258 Highway 3276, Stonewall, LA 71078May 08, 2002Full Service Brick and Mortar
3438863Bert Kouns Branch3000 Bert Kouns-Industrial Loop, Shreveport, LA 71118Febuary 07, 2005Full Service Brick and Mortar
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