Progressive National Bank Mortgage Rates, Fees & Info
Mansfield, LALEI: 549300YWKMUD8J4EF956
Tax ID: 72-0951082
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Mortgage Data
Bank Data
Review & Overview
Progressive National Bank is a smaller bank specializing in Home Purchase and Refi loans. Progressive National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Minden, and Longview among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Progressive National Bank 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.
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Originations
59Origination Dollar Volume (All Markets)
$4,235,000Employee count
22Top 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 |
|---|---|---|---|---|---|
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 50 | $3,550,000 | $71,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $525,000 | $75,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $4,235,000 | $71,780 | $0 | 0.00% |
For 2018, Progressive National Bank's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 38 | $2,820,000 | $74,211 | $0 | 0.00% |
| Refi | 21 | $1,415,000 | $67,381 | $0 | 0.00% |
For 2018, Progressive National Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $4,235,000 | $71,780 | $0 | 0.00% |
For 2018, Progressive National Bank's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2018 saw Progressive National Bank place emphasis on $100,000 or less loans with 46 originations, totaling $1,890,000 in origination value.
Applicant Income
Progressive National Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $4,235,000 | $71,780 | $0 | 0.00% |
Progressive National Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.55%
Progressive National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.75%
Progressive National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 59 | $4,235,000 | $71,780 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 22 | $1,140,000 | $51,818 |
| Single Family (1-4 Units):Site-Built | 37 | $3,095,000 | $83,649 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Progressive National Bank | 105 Hwy 5 Logansport, LA 71049 | Full Service B&M | $2,777 |
| Progressive National Bank | 300 Washington Street Mansfield, LA 71052 | Full Service B&M | $38,201 |
| Progressive National Bank | 3000 Bert Kouns-Industrial Loop Shreveport, LA 71118 | Full Service B&M | $3,426 |
| Progressive National Bank | 5258 Highway 3276 Stonewall, LA 71078 | Full Service B&M | $2,852 |
| Progressive National Bank | 8386 Hwy 171 Grand Cane, LA 71032 | Full Service B&M | $5,046 |
For 2018, Progressive National Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,391 |
| Net interest income | $2,145 |
| Total noninterest income | $527 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $231 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $296 |
| Pre-tax net operating income | $338 |
| Securities gains (or losses, -) | $-4 |
| Income before extraordinary items | $334 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $334 |
| Minority interest net income | $0 |
| Net income | $334 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $338 |
Progressive National Bank's gross interest income from loans was $2,391,000.
Progressive National Bank's net interest income from loans was $2,145,000.
Progressive National Bank's fee based income from loans was $231,000.
Progressive National Bank's net income from loans was $334,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $246 |
| Provision for credit losses | $24 |
| Total noninterest expense | $2,310 |
| Salaries and employee benefits | $1,083 |
| Premises and equipment expense | $276 |
| Additional noninterest expense | $951 |
| Applicable income taxes | $0 |
| Net charge-offs | $3 |
| Cash dividends | $46 |
Progressive National Bank's interest expense for loans was $246,000.
Progressive National Bank's payroll and benefits expense were $1,083,000.
Progressive National Bank's property, plant and equipment expenses $276,000.
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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $55,581 |
| Deposits held in domestic offices | $55,581 |
| Deposits by Individuals, partnerships, and corporations | $46,675 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $8,907 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $21,790 |
| Demand deposits | $19,796 |
| Nontransaction accounts | $33,792 |
| Money market deposit accounts (MMDAs) | $8,677 |
| Other savings deposits (excluding MMDAs) | $9,197 |
| Total time deposits | $15,918 |
| Total time and savings deposits | $35,786 |
| Noninterest-bearing deposits | $19,796 |
| Interest-bearing deposits | $35,785 |
| Retail deposits | $52,466 |
| IRAs and Keogh plan accounts | $1,420 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $60,653 |
| Cash & Balances due from depository institutions | $7,468 |
| Interest-bearing balances | $4,629 |
| Total securities | $10,545 |
| Federal funds sold & reverse repurchase | $325 |
| Net loans and leases | $38,036 |
| Loan and leases loss allowance | $251 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,583 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $696 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $60,653 |
| Total Liabilities | $55,758 |
| Total deposits | $55,581 |
| Interest-bearing deposits | $35,785 |
| Deposits held in domestic offices | $55,581 |
| % insured (estimated) | $83 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $177 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $38,036 |
| Loan and leases loss allowance | $251 |
| Total loans and leases (domestic) | $38,287 |
| All real estate loans | $34,539 |
| Real estate loans in domestic offices | $34,539 |
| Construction and development loans | $4,719 |
| Residential 1-4 family construction | $3,783 |
| Other construction, all land development and other land | $936 |
| Loans secured by nonfarm nonresidential properties | $8,027 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,849 |
| Commercial real estate & other non-farm, non-residential | $5,178 |
| Multifamily residential real estate | $1,329 |
| 1-4 family residential loans | $16,226 |
| Farmland loans | $4,238 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,621 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,108 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $886 |
| Other loans to individuals | $1,222 |
| All other loans & leases | $19 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $19 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Progressive National Bank had $38,036,000 of loans outstanding in 2018. $34,539,000 of loans were in real estate loans. $4,719,000 of loans were in development loans. $1,329,000 of loans were in multifamily mortgage loans. $16,226,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $886,000 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 | 40 | $8,027 | $200,675 |
| Nonfarm, nonresidential loans - <$100k | 40 | $8,027 | $200,675 |
| Commercial & Industrial, US addressed loans - <$1MM | 22 | $1,621 | $73,682 |
| Commercial & Industrial, US addressed loans - <$100k | 22 | $1,621 | $73,682 |
| Farmland loans - <$1MM | 20 | $4,238 | $211,900 |
| Farmland loans - <$100k | 9 | $301 | $33,444 |
| Farmland loans - $100-250k | 3 | $490 | $163,333 |
| Farmland loans - $250k-1MM | 8 | $3,447 | $430,875 |