Progress Bank And Trust Mortgage Rates, Fees & Info
Huntsville, ALLEI: 549300E2RDLPC5BL1Z93
Tax ID: 26-1740755
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Bank Data
Overview
Progress Bank And Trust is a smaller bank specializing in Home Purchase loans. Progress Bank And Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Crestview, Huntsville, Birmingham, Florence, and Decatur among others. Progress Bank And Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Progress Bank And Trust is typically an average fee lendor.Originations
1,557Origination Dollar Volume (All Markets)
$515,535,000Employee count
244Awards
Progress Bank and Trust - 2021
Progress Bank and Trust is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Progress Bank And Trust's average 30 year fixed rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
Progress Bank And Trust's average total fees for a 30 year fixed rate
mortgage are $5,310.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 354 | $172,010,000 | $485,904 | $7,964 | 3.39% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 556 | $155,770,000 | $280,162 | $4,548 | 2.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 152 | $51,460,000 | $338,553 | $3,184 | 3.21% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 169 | $38,955,000 | $230,503 | $3,548 | 2.86% |
| DECATUR, AL (FHA|USDA|VA) | 87 | $18,275,000 | $210,057 | $4,048 | 2.93% |
| PANAMA CITY, FL (FHA|USDA|VA) | 49 | $16,595,000 | $338,673 | $6,253 | 3.87% |
| Outside of Metro Areas | 23 | $8,815,000 | $383,261 | $4,711 | 3.23% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 14 | $7,520,000 | $537,143 | $3,387 | 3.27% |
| Albertville, AL (FHA|USDA|VA) | 17 | $7,475,000 | $439,706 | $4,958 | 3.03% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 24 | $7,240,000 | $301,667 | $5,561 | 2.99% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $3,772 | 2.55% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $2,580,000 | $430,000 | $5,607 | 2.92% |
| Cullman, AL (FHA|USDA|VA) | 8 | $2,360,000 | $295,000 | $4,916 | 2.89% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $3,099 | 3.14% |
| MOBILE, AL (FHA|USDA|VA) | 16 | $1,850,000 | $115,625 | $0 | 4.00% |
| Scottsboro, AL (FHA|USDA|VA) | 8 | $1,730,000 | $216,250 | $3,685 | 2.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $3,380 | 2.71% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $4,239 | 3.09% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 4.50% |
| Alexander City, AL (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $4,479 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,697 | 2.96% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $8,179 | 3.34% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,240 | 3.04% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $11,081 | 2.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,887 | 2.38% |
| Torrington, CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,960 | 3.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,988 | 2.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 3.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $16,184 | 2.38% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,440 | 2.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,718 | 2.25% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,273 | 3.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,804 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,165 | 2.25% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,145 | 2.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,826 | 2.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 2.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,414 | 3.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,187 | 3.31% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,383 | 2.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,136 | 2.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,454 | 2.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,474 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,362 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,595 | 2.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,646 | 2.50% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,652 | 2.50% |
| Oxford, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,613 | 3.25% |
| Starkville, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,491 | 3.50% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,258 | 2.25% |
| Columbus, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,452 | 2.25% |
Progress Bank And Trust's top markets include Crestview, Huntsville, Birmingham, Florence, and Decatur among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,278 | $420,710,000 | $329,194 | $4,519 | 3.20% |
| VA | 190 | $75,180,000 | $395,684 | $7,754 | 2.55% |
| FHA | 65 | $15,015,000 | $231,000 | $7,065 | 2.52% |
| USDA | 24 | $4,630,000 | $192,917 | $4,725 | 2.46% |
For the 2021 period, Progress Bank And Trust's most frequently originated loan type of loans were Conventional, with 1,278 originations. Their 2nd most popular type is VA, with 190 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,037 | $363,345,000 | $350,381 | $5,977 | 3.19% |
| Refi | 315 | $92,015,000 | $292,111 | $3,387 | 2.77% |
| Cash Out Refi | 205 | $60,175,000 | $293,537 | $4,019 | 3.01% |
For the 2021, Progress Bank And Trust's most frequently cited loan purpose of loans were Home Purchase, with 1,037 originations. The 2nd most popular reason of loans were Refi, with 315 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,244 | $405,930,000 | $326,310 | $5,310 | 3.04% |
| 15 Year | 148 | $42,280,000 | $285,676 | $3,995 | 2.41% |
| 5 Year | 70 | $24,140,000 | $344,857 | $3,794 | 4.21% |
| 1 Year | 31 | $5,555,000 | $179,194 | $4,252 | 4.82% |
| Other | 30 | $25,700,000 | $856,667 | $4,968 | 3.81% |
| 20 Year | 22 | $5,500,000 | $250,000 | $3,041 | 2.65% |
| 10 Year | 7 | $3,285,000 | $469,286 | $3,396 | 2.38% |
| 3 Year | 4 | $2,040,000 | $510,000 | $9,072 | 4.06% |
| 30+ year | 1 | $1,105,000 | $1,105,000 | $20,421 | 3.75% |
For the 2021, Progress Bank And Trust's most frequently cited loan length of loans were 30 Year, with 1,244 originations. The 2nd most popular length of loans were 15 Year, with 148 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 649 | $205,645,000 | $316,864 |
| $1k-2k | 207 | $42,635,000 | $205,966 |
| $2k-3k | 191 | $53,555,000 | $280,393 |
| $3k-4k | 150 | $53,100,000 | $354,000 |
| $5k+ | 81 | $66,355,000 | $819,198 |
$5,310 of loans were Progress Bank And Trust's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 649 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 554 | $166,510,000 | $300,560 |
| <2.5% | 422 | $118,620,000 | $281,090 |
| 3-4% | 372 | $138,030,000 | $371,048 |
| 4-5% | 199 | $91,125,000 | $457,915 |
| 5-6% | 10 | $1,250,000 | $125,000 |
During 2021, Progress Bank And Trust's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 554 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 730 | $212,070,000 | $290,507 | $4,532 | 2.95% |
| $100k-200k | 380 | $57,460,000 | $151,211 | $3,427 | 3.06% |
| $400k-600k | 245 | $117,365,000 | $479,041 | $6,221 | 3.00% |
| $100,000 or less | 93 | $6,985,000 | $75,108 | $2,851 | 3.56% |
| $600k-1MM | 70 | $52,330,000 | $747,571 | $11,668 | 3.80% |
| $1MM+ | 39 | $69,325,000 | $1,777,564 | $20,211 | 3.87% |
2021 saw Progress Bank And Trust place emphasis on $200k-400k loans with 730 originations, totaling $212,070,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 349 | $107,635,000 | $308,410 | $5,096 | 2.99% |
| $150k-250k | 259 | $93,345,000 | $360,405 | $5,560 | 3.10% |
| $75k-100k | 224 | $63,260,000 | $282,411 | $4,817 | 2.82% |
| $50k-75k | 223 | $47,385,000 | $212,489 | $4,094 | 2.90% |
| $250k+ | 194 | $117,570,000 | $606,031 | $8,931 | 3.50% |
| $50k or less | 159 | $25,695,000 | $161,604 | $3,810 | 2.73% |
Progress Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 349 originations. The second most popular income band? $150k-250k, with 259 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 380 | $120,320,000 | $316,632 | $4,540 | 2.91% |
| 30-36% | 265 | $83,605,000 | $315,491 | $4,893 | 3.02% |
| <20% | 190 | $57,930,000 | $304,895 | $4,126 | 2.93% |
| 37% | 54 | $16,970,000 | $314,259 | $4,755 | 3.15% |
| 42% | 53 | $20,035,000 | $378,019 | $6,811 | 3.24% |
| 40% | 49 | $15,995,000 | $326,429 | $5,850 | 3.10% |
| 44% | 49 | $17,965,000 | $366,633 | $5,040 | 3.03% |
| 41% | 48 | $19,750,000 | $411,458 | $7,970 | 3.22% |
| 38% | 48 | $14,960,000 | $311,667 | $5,001 | 3.12% |
| 39% | 44 | $16,670,000 | $378,864 | $7,347 | 3.18% |
| 36% | 42 | $12,370,000 | $294,524 | $5,225 | 3.00% |
| 43% | 39 | $11,055,000 | $283,462 | $4,848 | 3.22% |
| 50-60% | 37 | $13,815,000 | $373,378 | $7,991 | 2.82% |
| 49% | 28 | $9,790,000 | $349,643 | $5,912 | 3.12% |
| 47% | 27 | $7,475,000 | $276,852 | $5,689 | 2.84% |
| 46% | 25 | $9,035,000 | $361,400 | $5,830 | 3.00% |
| 48% | 22 | $6,200,000 | $281,818 | $6,273 | 2.84% |
| 45% | 20 | $5,310,000 | $265,500 | $5,479 | 2.93% |
| >60% | 11 | $4,615,000 | $419,545 | $8,903 | 3.45% |
Progress Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 380 originations. The next most common DTI ratio? 30-36%, with 265 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,270 | $412,520,000 | $324,819 | $5,057 | 2.98% |
| Not applicable | 98 | $44,150,000 | $450,510 | $0 | 4.37% |
| Not provided | 64 | $24,110,000 | $376,719 | $6,527 | 3.29% |
| Black | 76 | $20,980,000 | $276,053 | $5,493 | 2.89% |
| Asian | 38 | $10,440,000 | $274,737 | $4,788 | 3.08% |
| American Indian | 9 | $2,475,000 | $275,000 | $4,006 | 3.08% |
| Asian Indian | 2 | $860,000 | $430,000 | $2,174 | 3.06% |
Approval Rates
Total approvals of all applications98.86%
Progress Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.43%
Progress Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,557 | $515,535,000 | $331,108 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,557 | $515,535,000 | $331,108 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 67 | $16,975,000 | $253,358 | $3,756 | 2.85% |
| 40-60% | 196 | $55,850,000 | $284,949 | $4,062 | 2.95% |
| 60-80% | 609 | $209,555,000 | $344,097 | $4,793 | 3.23% |
| 80-100% | 642 | $216,740,000 | $337,601 | $5,201 | 3.03% |
| Over 100% | 35 | $14,005,000 | $400,143 | $16,084 | 2.54% |
| Under 20% | 8 | $2,410,000 | $301,250 | $4,082 | 3.09% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Progress Bank and Trust | 2121 Highland Avenue South Birmingham, AL 35205 | Full Service B&M | $161,173 |
| Progress Bank and Trust | 12805 Us Highway 98 E, Unit A100 Inlet Beach, FL 32461 | Full Service B&M | $76,071 |
| Progress Bank and Trust | 1360 Montgomery Highway Birmingham, AL 35216 | Full Service B&M | $84,171 |
| Progress Bank and Trust | 201 Williams Avenue Huntsville, AL 35801 | Full Service B&M | $492,327 |
| Progress Bank and Trust | 230 East Tennessee Street Florence, AL 35630 | Full Service B&M | $168,409 |
| Progress Bank and Trust | 255 Grant Street Decatur, AL 35601 | Full Service B&M | $238,486 |
| Progress Bank and Trust | 2746 Carl T. Jones Drive Huntsville, AL 35802 | Full Service B&M | $66,248 |
| Progress Bank and Trust | 3063 Highway 98 Santa Rosa Beach, FL 32459 | Full Service B&M | $12,212 |
| Progress Bank and Trust | 35008 Emerald Coast Parkway Destin, FL 32541 | Full Service B&M | $58,102 |
| Progress Bank and Trust | 8337 Highway 72 Madison, AL 35758 | Full Service B&M | $94,178 |
For 2021, Progress Bank And Trust had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $59,663 |
| Net interest income | $53,376 |
| Total noninterest income | $20,760 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $377 |
| Trading account gains and fees | $178 |
| Additional Noninterest Income | $20,205 |
| Pre-tax net operating income | $26,184 |
| Securities gains (or losses, -) | $677 |
| Income before extraordinary items | $20,980 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $20,980 |
| Minority interest net income | $0 |
| Net income | $20,980 |
| Sale, conversion, retirement of capital stock, net | $557 |
| Net operating income | $20,445 |
Progress Bank And Trust's gross interest income from loans was $59,663,000.
Progress Bank And Trust's net interest income from loans was $53,376,000.
Progress Bank And Trust's fee based income from loans was $377,000.
Progress Bank And Trust's net income from loans was $20,980,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,287 |
| Provision for credit losses | $925 |
| Total noninterest expense | $47,027 |
| Salaries and employee benefits | $33,015 |
| Premises and equipment expense | $4,506 |
| Additional noninterest expense | $9,506 |
| Applicable income taxes | $5,881 |
| Net charge-offs | $-114 |
| Cash dividends | $7,770 |
Progress Bank And Trust's interest expense for loans was $6,287,000.
Progress Bank And Trust's payroll and benefits expense were $33,015,000.
Progress Bank And Trust's property, plant and equipment expenses $4,506,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,585,849 |
| Deposits held in domestic offices | $1,585,849 |
| Deposits by Individuals, partnerships, and corporations | $1,482,027 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $103,077 |
| Deposits by Commercial banks and other depository institutions in U.S. | $745 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $717,345 |
| Demand deposits | $717,345 |
| Nontransaction accounts | $868,504 |
| Money market deposit accounts (MMDAs) | $579,477 |
| Other savings deposits (excluding MMDAs) | $36,014 |
| Total time deposits | $253,013 |
| Total time and savings deposits | $868,504 |
| Noninterest-bearing deposits | $423,928 |
| Interest-bearing deposits | $1,161,921 |
| Retail deposits | $1,460,784 |
| IRAs and Keogh plan accounts | $241 |
| Brokered deposits | $372 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,779,568 |
| Cash & Balances due from depository institutions | $81,540 |
| Interest-bearing balances | $29,614 |
| Total securities | $96,673 |
| Federal funds sold & reverse repurchase | $274,228 |
| Net loans and leases | $1,235,574 |
| Loan and leases loss allowance | $13,061 |
| Trading account assets | $572 |
| Bank premises and fixed assets | $15,986 |
| Other real estate owned | $113 |
| Goodwill and other intangibles | $18,593 |
| All other assets | $56,289 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,779,568 |
| Total Liabilities | $1,600,910 |
| Total deposits | $1,585,849 |
| Interest-bearing deposits | $1,161,921 |
| Deposits held in domestic offices | $1,585,849 |
| % insured (estimated) | $52 |
| Federal funds purchased and repurchase agreements | $12,945 |
| Trading liabilities | $572 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,544 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,235,574 |
| Loan and leases loss allowance | $13,061 |
| Total loans and leases (domestic) | $1,248,635 |
| All real estate loans | $963,334 |
| Real estate loans in domestic offices | $963,334 |
| Construction and development loans | $171,862 |
| Residential 1-4 family construction | $73,979 |
| Other construction, all land development and other land | $97,883 |
| Loans secured by nonfarm nonresidential properties | $476,071 |
| Nonfarm nonresidential secured by owner-occupied properties | $263,593 |
| Commercial real estate & other non-farm, non-residential | $212,478 |
| Multifamily residential real estate | $22,448 |
| 1-4 family residential loans | $290,231 |
| Farmland loans | $2,722 |
| Loans held in foreign offices | $0 |
| Farm loans | $247 |
| Commercial and industrial loans | $248,094 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $21,015 |
| Credit card loans | $0 |
| Related Plans | $10,258 |
| Consumer Auto Loans | $733 |
| Other loans to individuals | $10,024 |
| All other loans & leases | $15,945 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $25 |
| Loans not secured by real estate | $12,288 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,762 |
| Non 1-4 family restructured loans & leases | $3,331 |
| Total loans and leases (foreign) | $0 |
Progress Bank and Trust had $1,235,574,000 of loans outstanding in 2021. $963,334,000 of loans were in real estate loans. $171,862,000 of loans were in development loans. $22,448,000 of loans were in multifamily mortgage loans. $290,231,000 of loans were in 1-4 family mortgage loans. $247,000 of loans were in farm loans. $0 of loans were in credit card loans. $733,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 377 | $126,571 | $335,732 |
| Nonfarm, nonresidential loans - <$100k | 30 | $1,449 | $48,300 |
| Nonfarm, nonresidential loans - $100-250k | 97 | $13,823 | $142,505 |
| Nonfarm, nonresidential loans - $250k-1MM | 250 | $111,299 | $445,196 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,283 | $108,048 | $84,215 |
| Commercial & Industrial, US addressed loans - <$100k | 782 | $18,353 | $23,469 |
| Commercial & Industrial, US addressed loans - $100-250k | 252 | $23,401 | $92,861 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 249 | $66,294 | $266,241 |
| Farmland loans - <$1MM | 12 | $2,208 | $184,000 |
| Farmland loans - <$100k | 3 | $109 | $36,333 |
| Farmland loans - $100-250k | 4 | $543 | $135,750 |
| Farmland loans - $250k-1MM | 5 | $1,556 | $311,200 |
| Agriculture operations loans - <$1MM | 1 | $247 | $247,000 |
| Agriculture operations loans - $250k-1MM | 1 | $247 | $247,000 |
