Progressive National Bank Mortgage Rates, Fees & Info

Mansfield, LA

LEI: 549300YWKMUD8J4EF956

Tax ID: 72-0951082

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Longview, Fort Polk South, Minden, and Deridder among others. We have data for 6 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.

    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.

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    Originations

    88

    Origination Dollar Volume (All Markets)

    $14,210,000

    Employee count

    25

    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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 80 $13,500,000 $168,750 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Minden, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Outside of Metro Areas 2 $80,000 $40,000 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Progressive National Bank's top markets include Shreveport, Longview, Fort Polk South, Minden, and Deridder among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $14,210,000 $161,477 $0 0.00%

    For 2020, Progressive National Bank's most frequently originated type of loan was Conventional, with 88 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $9,225,000 $167,727 $0 0.00%
    Refi 28 $4,690,000 $167,500 $0 0.00%
    Cash Out Refi 4 $280,000 $70,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2020, Progressive National Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 88 $14,210,000 $161,477 $0 0.00%

    For 2020, Progressive National Bank's most frequently cited loan duration was Other, with 88 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,325,000 $60,455 $0 0.00%
    $100k-200k 19 $2,535,000 $133,421 $0 0.00%
    $200k-400k 6 $1,460,000 $243,333 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%
    $600k-1MM 3 $2,235,000 $745,000 $0 0.00%
    $1MM+ 2 $3,250,000 $1,625,000 $0 0.00%

    2020 saw Progressive National Bank place emphasis on $100,000 or less loans with 55 originations, totaling $3,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $825,000 $63,462 $0 0.00%
    $50k or less 13 $745,000 $57,308 $0 0.00%
    $75k-100k 8 $860,000 $107,500 $0 0.00%
    $100k-150k 5 $415,000 $83,000 $0 0.00%
    $150k-250k 2 $350,000 $175,000 $0 0.00%
    $250k+ 1 $145,000 $145,000 $0 0.00%

    Progressive National Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 88 $14,210,000 $161,477 $0 0.00%

    Progressive National Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 45 $10,855,000 $241,222 $0 0.00%
    White 36 $2,910,000 $80,833 $0 0.00%
    Not provided 3 $255,000 $85,000 $0 0.00%
    Black 4 $190,000 $47,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.98%

    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 origination
    89.77%

    Progressive National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 88 $14,210,000 $161,477

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 17 $1,105,000 $65,000
    Single Family (1-4 Units):Site-Built 71 $13,105,000 $184,577

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Progressive National Bank 300 Washington Street Mansfield, LA 71052 Full Service B&M $50,444
    Progressive National Bank 105 Hwy 5 Logansport, LA 71049 Full Service B&M $9,259
    Progressive National Bank 3000 Bert Kouns-Industrial Loop Shreveport, LA 71118 Full Service B&M $4,389
    Progressive National Bank 5258 Highway 3276 Stonewall, LA 71078 Full Service B&M $3,622
    Progressive National Bank 8386 Hwy 171 Grand Cane, LA 71032 Full Service B&M $10,516

    For 2020, Progressive National Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,044
    Net interest income $2,671
    Total noninterest income $903
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $215
    Trading account gains and fees $0
    Additional Noninterest Income $688
    Pre-tax net operating income $538
    Securities gains (or losses, -) $99
    Income before extraordinary items $637
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $637
    Minority interest net income $0
    Net income $637
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $538

    Progressive National Bank's gross interest income from loans was $3,044,000.
    Progressive National Bank's net interest income from loans was $2,671,000.
    Progressive National Bank's fee based income from loans was $215,000.
    Progressive National Bank's net income from loans was $637,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $373
    Provision for credit losses $30
    Total noninterest expense $3,006
    Salaries and employee benefits $1,529
    Premises and equipment expense $386
    Additional noninterest expense $1,091
    Applicable income taxes $0
    Net charge-offs $2
    Cash dividends $252

    Progressive National Bank's interest expense for loans was $373,000.
    Progressive National Bank's payroll and benefits expense were $1,529,000.
    Progressive National Bank's property, plant and equipment expenses $386,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $85,434
    Deposits held in domestic offices $85,434
    Deposits by Individuals, partnerships, and corporations $74,320
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,114
    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 $32,446
    Demand deposits $29,692
    Nontransaction accounts $52,988
    Money market deposit accounts (MMDAs) $17,182
    Other savings deposits (excluding MMDAs) $15,631
    Total time deposits $20,175
    Total time and savings deposits $55,742
    Noninterest-bearing deposits $29,691
    Interest-bearing deposits $55,743
    Retail deposits $80,654
    IRAs and Keogh plan accounts $1,944
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $93,118
    Cash & Balances due from depository institutions $24,425
    Interest-bearing balances $20,417
    Total securities $13,632
    Federal funds sold & reverse repurchase $800
    Net loans and leases $49,287
    Loan and leases loss allowance $314
    Trading account assets $0
    Bank premises and fixed assets $3,923
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,051

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $93,118
    Total Liabilities $85,742
    Total deposits $85,434
    Interest-bearing deposits $55,743
    Deposits held in domestic offices $85,434
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $308

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $49,287
    Loan and leases loss allowance $314
    Total loans and leases (domestic) $49,601
    All real estate loans $43,018
    Real estate loans in domestic offices $43,018
    Construction and development loans $4,814
    Residential 1-4 family construction $1,864
    Other construction, all land development and other land $2,950
    Loans secured by nonfarm nonresidential properties $5,840
    Nonfarm nonresidential secured by owner-occupied properties $1,691
    Commercial real estate & other non-farm, non-residential $4,149
    Multifamily residential real estate $3,287
    1-4 family residential loans $23,259
    Farmland loans $5,818
    Loans held in foreign offices $0
    Farm loans $30
    Commercial and industrial loans $4,124
    To non-U.S. addressees $0
    Loans to individuals $2,415
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $944
    Other loans to individuals $1,471
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $14
    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 $49,287,000 of loans outstanding in 2020. $43,018,000 of loans were in real estate loans. $4,814,000 of loans were in development loans. $3,287,000 of loans were in multifamily mortgage loans. $23,259,000 of loans were in 1-4 family mortgage loans. $30,000 of loans were in farm loans. $0 of loans were in credit card loans. $944,000 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 29 $5,839 $201,345
    Nonfarm, nonresidential loans - <$100k 9 $290 $32,222
    Nonfarm, nonresidential loans - $100-250k 7 $850 $121,429
    Nonfarm, nonresidential loans - $250k-1MM 13 $4,699 $361,462
    Commercial & Industrial, US addressed loans - <$1MM 51 $4,123 $80,843
    Commercial & Industrial, US addressed loans - <$100k 39 $620 $15,897
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,234 $137,111
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $2,269 $756,333
    Farmland loans - <$1MM 13 $1,360 $104,615
    Farmland loans - <$100k 8 $269 $33,625
    Farmland loans - $100-250k 2 $273 $136,500
    Farmland loans - $250k-1MM 3 $818 $272,667
    Agriculture operations loans - <$1MM 2 $30 $15,000
    Agriculture operations loans - <$100k 2 $30 $15,000