Progress Bank And Trust Mortgage Rates, Fees & Info

Huntsville, AL

LEI: 549300E2RDLPC5BL1Z93

Tax ID: 26-1740755

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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Mortgage Data

Bank Data

Review & Overview

Progress Bank And Trust is a smaller bank specializing in Home Purchase and Refi 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 by origination volume include: Huntsville, Crestview, Birmingham, Florence, and Decatur among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

Progress Bank And Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Progress Bank And Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.68% 3/27/24
30 Year Conventional Purchase 6.36% 3/27/24
30 Year Conventional Refi 6.22% 3/27/24
30 Year Cash-out Refi 6.55% 3/27/24
30 Year FHA Purchase 7.12% 3/27/24
30 Year VA Purchase 6.02% 3/27/24
30 Year VA Refi 5.61% 3/27/24
30 Year USDA Purchase 6.48% 3/27/24
15 Year Conventional Purchase 5.93% 3/27/24
15 Year Conventional Refi 5.99% 3/27/24
15 Year Cash-out Refi 5.99% 3/27/24
15 Year VA Purchase 5.71% 3/27/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Progress Bank And Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Progress Bank And Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,902

Origination Dollar Volume (All Markets)

$532,500,000

Employee count

212 Show all (15) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
HUNTSVILLE, AL (FHA|USDA|VA) 799 $195,955,000 $245,250 $4,420 2.91%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 313 $130,225,000 $416,054 $6,285 3.34%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 223 $64,245,000 $288,094 $3,166 3.13%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 226 $52,120,000 $230,619 $3,746 2.94%
DECATUR, AL (FHA|USDA|VA) 130 $26,150,000 $201,154 $4,138 2.93%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 40 $12,450,000 $311,250 $5,531 3.27%
Outside of Metro Areas 18 $6,960,000 $386,667 $3,920 3.56%
PANAMA CITY, FL (FHA|USDA|VA) 21 $5,575,000 $265,476 $6,922 3.98%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $4,915,000 $327,667 $4,231 2.92%
Albertville, AL (FHA|USDA|VA) 14 $3,630,000 $259,286 $4,631 2.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $2,920,000 $243,333 $3,877 2.75%
MONTGOMERY, AL (FHA|USDA|VA) 9 $2,545,000 $282,778 $3,555 2.57%
Cullman, AL (FHA|USDA|VA) 7 $2,415,000 $345,000 $3,814 2.68%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 7 $2,335,000 $333,571 $3,842 2.63%
Scottsboro, AL (FHA|USDA|VA) 9 $2,275,000 $252,778 $4,123 3.10%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $2,215,000 $2,215,000 $0 4.00%
TUSCALOOSA, AL (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,298 3.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $860,000 $430,000 $3,270 3.06%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $785,000 $261,667 $3,138 2.71%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $725,000 $241,667 $2,802 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $670,000 $335,000 $7,418 3.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $660,000 $330,000 $4,357 2.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $655,000 $655,000 $10,112 3.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $650,000 $325,000 $3,739 3.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $575,000 $191,667 $6,097 3.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $560,000 $280,000 $2,693 2.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $0 4.00%
DOTHAN, AL (FHA|USDA|VA) 2 $500,000 $250,000 $2,947 2.63%
LOUISVILLE, KY (FHA|USDA|VA) 1 $495,000 $495,000 $4,116 3.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $490,000 $245,000 $2,792 2.31%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $465,000 $465,000 $2,354 2.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $395,000 $395,000 $4,018 2.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $390,000 $195,000 $3,798 3.56%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $375,000 $375,000 $6,532 3.25%
JACKSON, MS (FHA|USDA|VA) 1 $355,000 $355,000 $3,745 3.63%
Alexander City, AL (FHA|USDA|VA) 1 $355,000 $355,000 $3,293 2.63%
Summerville, GA (FHA|USDA|VA) 1 $345,000 $345,000 $5,717 4.62%
GADSDEN, AL (FHA|USDA|VA) 1 $345,000 $345,000 $14,390 2.25%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $335,000 $335,000 $6,826 2.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $12,210 3.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $305,000 $305,000 $2,506 2.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $2,755 2.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.50%
GREENVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $2,929 3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,625 2.63%
MANHATTAN, KS (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.88%
Oxford, MS (FHA|USDA|VA) 1 $165,000 $165,000 $4,277 2.13%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,993 2.75%
Corinth, MS (FHA|USDA|VA) 1 $145,000 $145,000 $4,085 4.62%
Camden, AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,906 3.00%
Jasper, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,243 3.25%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,039 3.13%
MOBILE, AL (FHA|USDA|VA) 2 $90,000 $45,000 $0 5.25%
Ozark, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,533 2.88%
Progress Bank And Trust's top markets include Huntsville, Crestview, Birmingham, Florence, and Decatur among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Progress Bank and Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,555 $431,455,000 $277,463 $4,012 3.13%
    VA 255 $83,565,000 $327,706 $6,528 2.58%
    FHA 62 $11,970,000 $193,065 $6,234 2.81%
    USDA 30 $5,510,000 $183,667 $5,092 2.75%

    For 2020, Progress Bank And Trust's most frequently originated type of loan was Conventional, with 1,555 originations. Their 2nd most popular type was VA, with 255 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,002 $288,590,000 $288,014 $5,286 3.17%
    Refi 845 $225,935,000 $267,379 $3,582 2.86%
    Cash Out Refi 53 $17,695,000 $333,868 $5,274 3.42%
    Home Improvement 2 $280,000 $140,000 $0 4.50%

    For 2020, Progress Bank And Trust's most frequently cited loan purpose was Home Purchase, with 1,002 originations. The 2nd most popular reason was Refi, with 845 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,478 $418,100,000 $282,882 $4,640 3.03%
    15 Year 233 $56,095,000 $240,751 $3,625 2.54%
    5 Year 60 $17,630,000 $293,833 $4,591 4.64%
    20 Year 60 $16,240,000 $270,667 $3,754 2.77%
    1 Year 29 $10,745,000 $370,517 $4,107 4.17%
    Other 27 $8,095,000 $299,815 $3,709 3.58%
    30+ year 8 $4,150,000 $518,750 $12,683 4.51%
    10 Year 6 $1,260,000 $210,000 $3,535 2.96%
    3 Year 1 $185,000 $185,000 $0 3.75%

    For 2020, Progress Bank And Trust's most frequently cited loan duration was 30 Year, with 1,478 originations. The 2nd most popular length was 15 Year, with 233 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 771 $224,205,000 $290,798
    $1k-2k 377 $74,355,000 $197,228
    $2k-3k 282 $68,240,000 $241,986
    $3k-4k 145 $46,785,000 $322,655
    $4k-5k 62 $25,840,000 $416,774
    $5k+ 54 $38,190,000 $707,222

    Progress Bank And Trust's average total fees were $4,640, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 771 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 752 $203,100,000 $270,080
    <2.5% 473 $130,005,000 $274,852
    3-4% 459 $118,335,000 $257,810
    4-5% 204 $76,880,000 $376,863
    5-6% 14 $4,180,000 $298,571

    During 2020, Progress Bank And Trust's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 752 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 924 $261,780,000 $283,312 $4,381 2.91%
    $100k-200k 560 $85,860,000 $153,321 $3,359 3.05%
    $400k-600k 258 $123,280,000 $477,829 $5,910 2.99%
    $100,000 or less 107 $8,135,000 $76,028 $2,766 3.66%
    $600k-1MM 35 $26,585,000 $759,571 $13,257 4.30%
    $1MM+ 18 $26,860,000 $1,492,222 $22,592 4.40%

    2020 saw Progress Bank And Trust place emphasis on $200k-400k loans with 924 originations, totaling $261,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 455 $127,415,000 $280,033 $4,632 3.02%
    $150k-250k 304 $100,490,000 $330,559 $4,937 3.04%
    $50k-75k 301 $62,345,000 $207,126 $4,223 2.91%
    $75k-100k 287 $69,295,000 $241,446 $4,514 2.92%
    $250k+ 185 $87,395,000 $472,405 $6,141 3.30%
    $50k or less 179 $27,775,000 $155,168 $3,695 2.96%

    Progress Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 455 originations. The second most popular income band? $150k-250k, with 304 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 480 $130,100,000 $271,042 $4,333 2.97%
    30-36% 318 $92,870,000 $292,044 $4,665 3.00%
    <20% 311 $80,585,000 $259,116 $3,822 2.86%
    37% 63 $18,345,000 $291,190 $5,144 3.07%
    38% 62 $16,230,000 $261,774 $4,257 3.32%
    39% 53 $15,175,000 $286,321 $4,701 3.08%
    40% 50 $17,420,000 $348,400 $5,177 3.17%
    43% 49 $12,785,000 $260,918 $5,043 3.21%
    42% 47 $11,485,000 $244,362 $4,754 3.07%
    44% 45 $12,055,000 $267,889 $4,887 3.09%
    36% 42 $9,630,000 $229,286 $4,498 2.97%
    45% 37 $10,755,000 $290,676 $4,882 3.13%
    49% 37 $10,395,000 $280,946 $4,769 2.92%
    50-60% 36 $9,960,000 $276,667 $6,962 3.01%
    46% 32 $9,150,000 $285,938 $4,975 2.88%
    47% 32 $8,900,000 $278,125 $4,856 2.82%
    41% 31 $7,755,000 $250,161 $4,995 3.13%
    48% 27 $10,625,000 $393,519 $6,738 2.97%
    >60% 12 $4,280,000 $356,667 $5,854 4.28%

    Progress Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 480 originations. The next most common DTI ratio? 30-36%, with 318 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,636 $452,980,000 $276,883 $4,414 2.98%
    Not applicable 73 $24,415,000 $334,452 $0 4.45%
    Black 89 $22,255,000 $250,056 $4,981 2.99%
    Not provided 54 $18,890,000 $349,815 $5,629 3.29%
    Asian 38 $9,590,000 $252,368 $4,496 2.83%
    American Indian 9 $3,215,000 $357,222 $5,956 3.21%
    Vietnamese 1 $455,000 $455,000 $0 4.88%
    Asian Indian 1 $425,000 $425,000 $18,664 2.38%
    Samoan 1 $275,000 $275,000 $2,025 2.75%

    Approval Rates

    Total approvals of all applications
    99.47%

    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 origination
    81.97%

    Progress Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,902 $532,500,000 $279,968

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $7,880,000 $985,000
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 1,893 $524,495,000 $277,071

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $15,865,000 $236,791 $3,282 2.96%
    40-60% 238 $64,260,000 $270,000 $3,584 2.84%
    60-80% 779 $218,145,000 $280,032 $4,048 3.17%
    80-100% 755 $214,885,000 $284,616 $4,728 2.99%
    Over 100% 52 $17,790,000 $342,115 $12,581 2.67%
    Under 20% 11 $1,555,000 $141,364 $2,583 4.10%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Progress Bank and Trust 255 Grant Street Decatur, AL 35601 Full Service B&M $220,700
    Progress Bank and Trust 12805 Us Highway 98 E, Unit A100 Inlet Beach, FL 32461 Full Service B&M $35,985
    Progress Bank and Trust 1360 Montgomery Highway Birmingham, AL 35216 Full Service B&M $77,551
    Progress Bank and Trust 201 Williams Avenue Huntsville, AL 35801 Full Service B&M $497,139
    Progress Bank and Trust 2121 Highland Avenue South Birmingham, AL 35205 Full Service B&M $143,321
    Progress Bank and Trust 230 East Tennessee Street Florence, AL 35630 Full Service B&M $144,000
    Progress Bank and Trust 2746 Carl T. Jones Drive Huntsville, AL 35802 Full Service B&M $62,972
    Progress Bank and Trust 35008 Emerald Coast Parkway Destin, FL 32541 Full Service B&M $30,507
    Progress Bank and Trust 8337 Highway 72 Madison, AL 35758 Full Service B&M $77,580

    For 2020, Progress Bank And Trust had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $58,097
    Net interest income $48,010
    Total noninterest income $17,650
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $478
    Trading account gains and fees $690
    Additional Noninterest Income $16,482
    Pre-tax net operating income $22,337
    Securities gains (or losses, -) $480
    Income before extraordinary items $17,675
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,675
    Minority interest net income $0
    Net income $17,675
    Sale, conversion, retirement of capital stock, net $443
    Net operating income $17,295

    Progress Bank And Trust's gross interest income from loans was $58,097,000.
    Progress Bank And Trust's net interest income from loans was $48,010,000.
    Progress Bank And Trust's fee based income from loans was $478,000.
    Progress Bank And Trust's net income from loans was $17,675,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,087
    Provision for credit losses $4,015
    Total noninterest expense $39,308
    Salaries and employee benefits $27,876
    Premises and equipment expense $3,971
    Additional noninterest expense $7,461
    Applicable income taxes $5,142
    Net charge-offs $303
    Cash dividends $9,564

    Progress Bank And Trust's interest expense for loans was $10,087,000.
    Progress Bank And Trust's payroll and benefits expense were $27,876,000.
    Progress Bank And Trust's property, plant and equipment expenses $3,971,000.

    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 $1,398,197
    Deposits held in domestic offices $1,398,197
    Deposits by Individuals, partnerships, and corporations $1,273,105
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $122,815
    Deposits by Commercial banks and other depository institutions in U.S. $2,277
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $547,346
    Demand deposits $547,346
    Nontransaction accounts $850,851
    Money market deposit accounts (MMDAs) $558,781
    Other savings deposits (excluding MMDAs) $14,033
    Total time deposits $278,037
    Total time and savings deposits $850,851
    Noninterest-bearing deposits $299,236
    Interest-bearing deposits $1,098,961
    Retail deposits $1,243,061
    IRAs and Keogh plan accounts $15,791
    Brokered deposits $103,412
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,579,238
    Cash & Balances due from depository institutions $12,679
    Interest-bearing balances $334
    Total securities $55,674
    Federal funds sold & reverse repurchase $210,148
    Net loans and leases $1,218,739
    Loan and leases loss allowance $12,022
    Trading account assets $2,801
    Bank premises and fixed assets $13,831
    Other real estate owned $0
    Goodwill and other intangibles $18,797
    All other assets $46,569

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,579,238
    Total Liabilities $1,413,387
    Total deposits $1,398,197
    Interest-bearing deposits $1,098,961
    Deposits held in domestic offices $1,398,197
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $9,226
    Trading liabilities $2,801
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,163

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,218,739
    Loan and leases loss allowance $12,022
    Total loans and leases (domestic) $1,230,761
    All real estate loans $870,561
    Real estate loans in domestic offices $870,561
    Construction and development loans $139,317
    Residential 1-4 family construction $50,743
    Other construction, all land development and other land $88,574
    Loans secured by nonfarm nonresidential properties $418,496
    Nonfarm nonresidential secured by owner-occupied properties $230,092
    Commercial real estate & other non-farm, non-residential $188,404
    Multifamily residential real estate $23,599
    1-4 family residential loans $286,535
    Farmland loans $2,614
    Loans held in foreign offices $0
    Farm loans $334
    Commercial and industrial loans $324,990
    To non-U.S. addressees $0
    Loans to individuals $18,826
    Credit card loans $0
    Related Plans $10,150
    Consumer Auto Loans $1,099
    Other loans to individuals $7,577
    All other loans & leases $16,050
    Loans to foreign governments and official institutions $0
    Other loans $46
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,275
    Non 1-4 family restructured loans & leases $3,275
    Total loans and leases (foreign) $0

    Progress Bank and Trust had $1,218,739,000 of loans outstanding in 2020. $870,561,000 of loans were in real estate loans. $139,317,000 of loans were in development loans. $23,599,000 of loans were in multifamily mortgage loans. $286,535,000 of loans were in 1-4 family mortgage loans. $334,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,099,000 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 339 $110,895 $327,124
    Nonfarm, nonresidential loans - <$100k 35 $1,715 $49,000
    Nonfarm, nonresidential loans - $100-250k 94 $14,117 $150,181
    Nonfarm, nonresidential loans - $250k-1MM 210 $95,063 $452,681
    Commercial & Industrial, US addressed loans - <$1MM 2,276 $162,854 $71,553
    Commercial & Industrial, US addressed loans - <$100k 1,617 $37,951 $23,470
    Commercial & Industrial, US addressed loans - $100-250k 367 $39,355 $107,234
    Commercial & Industrial, US addressed loans - $250k-1MM 292 $85,548 $292,973
    Farmland loans - <$1MM 18 $2,612 $145,111
    Farmland loans - <$100k 4 $167 $41,750
    Farmland loans - $100-250k 7 $921 $131,571
    Farmland loans - $250k-1MM 7 $1,524 $217,714
    Agriculture operations loans - <$1MM 1 $334 $334,000
    Agriculture operations loans - $250k-1MM 1 $334 $334,000