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, and Minden 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 an above 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

    116

    Origination Dollar Volume (All Markets)

    $16,910,000

    Employee count

    27

    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) 104 $15,370,000 $147,788 $0 0.00%
    Outside of Metro Areas 10 $1,160,000 $116,000 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Minden, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Progressive National Bank's top markets include Shreveport, Longview, and Minden 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 116 $16,910,000 $145,776 $0 0.00%

    For 2021, Progressive National Bank's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $7,585,000 $120,397 $0 0.00%
    Refi 29 $6,435,000 $221,897 $0 0.00%
    Cash Out Refi 22 $2,660,000 $120,909 $0 0.00%
    Home Improvement 2 $230,000 $115,000 $0 0.00%

    For 2021, Progressive National Bank's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $16,910,000 $145,776 $0 0.00%

    For 2021, Progressive National Bank's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,460,000 $50,882 $0 0.00%
    $100k-200k 27 $3,865,000 $143,148 $0 0.00%
    $200k-400k 14 $3,870,000 $276,429 $0 0.00%
    $600k-1MM 4 $2,750,000 $687,500 $0 0.00%
    $400k-600k 2 $960,000 $480,000 $0 0.00%
    $1MM+ 1 $2,005,000 $2,005,000 $0 0.00%

    2021 saw Progressive National Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 8 $1,000,000 $125,000 $0 0.00%
    $150k-250k 7 $875,000 $125,000 $0 0.00%
    $250k+ 6 $1,120,000 $186,667 $0 0.00%
    $50k or less 6 $210,000 $35,000 $0 0.00%
    $100k-150k 5 $1,305,000 $261,000 $0 0.00%
    $50k-75k 4 $330,000 $82,500 $0 0.00%

    Progressive National Bank lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $16,910,000 $145,776 $0 0.00%

    Progressive National Bank lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 79 $11,985,000 $151,709 $0 0.00%
    White 28 $3,620,000 $129,286 $0 0.00%
    Asian 2 $990,000 $495,000 $0 0.00%
    Black 5 $195,000 $39,000 $0 0.00%
    Not provided 1 $95,000 $95,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    93.97%

    Progressive National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 116 $16,910,000 $145,776

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $16,910,000 $145,776

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Progressive National Bank 105 Hwy 5 Logansport, LA 71049 Full Service B&M $12,451
    Progressive National Bank 300 Washington Street Mansfield, LA 71052 Full Service B&M $59,057
    Progressive National Bank 3000 Bert Kouns-Industrial Loop Shreveport, LA 71118 Full Service B&M $5,304
    Progressive National Bank 5258 Highway 3276 Stonewall, LA 71078 Full Service B&M $5,037
    Progressive National Bank 8386 Hwy 171 Grand Cane, LA 71032 Full Service B&M $12,135

    For 2021, Progressive National Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,422
    Net interest income $3,231
    Total noninterest income $2,640
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $229
    Trading account gains and fees $0
    Additional Noninterest Income $2,411
    Pre-tax net operating income $2,203
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,203
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,203
    Minority interest net income $0
    Net income $2,203
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,203

    Progressive National Bank's gross interest income from loans was $3,422,000.
    Progressive National Bank's net interest income from loans was $3,231,000.
    Progressive National Bank's fee based income from loans was $229,000.
    Progressive National Bank's net income from loans was $2,203,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $191
    Provision for credit losses $480
    Total noninterest expense $3,188
    Salaries and employee benefits $1,606
    Premises and equipment expense $431
    Additional noninterest expense $1,151
    Applicable income taxes $0
    Net charge-offs $3
    Cash dividends $1,080

    Progressive National Bank's interest expense for loans was $191,000.
    Progressive National Bank's payroll and benefits expense were $1,606,000.
    Progressive National Bank's property, plant and equipment expenses $431,000.

    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 $97,408
    Deposits held in domestic offices $97,408
    Deposits by Individuals, partnerships, and corporations $84,084
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,324
    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 $40,247
    Demand deposits $36,447
    Nontransaction accounts $57,161
    Money market deposit accounts (MMDAs) $17,748
    Other savings deposits (excluding MMDAs) $20,064
    Total time deposits $19,349
    Total time and savings deposits $60,961
    Noninterest-bearing deposits $36,447
    Interest-bearing deposits $60,961
    Retail deposits $92,038
    IRAs and Keogh plan accounts $1,927
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $106,870
    Cash & Balances due from depository institutions $22,945
    Interest-bearing balances $19,884
    Total securities $14,340
    Federal funds sold & reverse repurchase $1,450
    Net loans and leases $63,010
    Loan and leases loss allowance $791
    Trading account assets $0
    Bank premises and fixed assets $3,813
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,312

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $106,870
    Total Liabilities $97,483
    Total deposits $97,408
    Interest-bearing deposits $60,961
    Deposits held in domestic offices $97,408
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $75

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $63,010
    Loan and leases loss allowance $791
    Total loans and leases (domestic) $63,801
    All real estate loans $54,357
    Real estate loans in domestic offices $54,357
    Construction and development loans $6,566
    Residential 1-4 family construction $2,254
    Other construction, all land development and other land $4,312
    Loans secured by nonfarm nonresidential properties $9,032
    Nonfarm nonresidential secured by owner-occupied properties $2,183
    Commercial real estate & other non-farm, non-residential $6,849
    Multifamily residential real estate $4,390
    1-4 family residential loans $28,028
    Farmland loans $6,341
    Loans held in foreign offices $0
    Farm loans $30
    Commercial and industrial loans $6,608
    To non-U.S. addressees $0
    Loans to individuals $2,792
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,378
    Other loans to individuals $1,414
    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 $63,010,000 of loans outstanding in 2021. $54,357,000 of loans were in real estate loans. $6,566,000 of loans were in development loans. $4,390,000 of loans were in multifamily mortgage loans. $28,028,000 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. $1,378,000 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 32 $6,848 $214,000
    Nonfarm, nonresidential loans - <$100k 11 $403 $36,636
    Nonfarm, nonresidential loans - $100-250k 7 $895 $127,857
    Nonfarm, nonresidential loans - $250k-1MM 14 $5,550 $396,429
    Commercial & Industrial, US addressed loans - <$1MM 54 $6,608 $122,370
    Commercial & Industrial, US addressed loans - <$100k 36 $701 $19,472
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,038 $115,333
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $4,869 $541,000
    Farmland loans - <$1MM 10 $1,020 $102,000
    Farmland loans - <$100k 6 $227 $37,833
    Farmland loans - $100-250k 1 $166 $166,000
    Farmland loans - $250k-1MM 3 $627 $209,000
    Agriculture operations loans - <$1MM 2 $30 $15,000
    Agriculture operations loans - <$100k 2 $30 $15,000