Vitals
  • Total Assets
    169.1M -8.1 %
  • Total Deposits
    150.9M -8.1 %
  • Total Net Loans
    69.7M 4.2 %
  • Net Income
    404000.0000 64.2 %
  • Book Value
    11.2M 2.5 %
  • Book Value x2
    22.5M 2.5 %
  • Book Value x3
    33.7M 2.5 %
ROAA

.331

ROAE

3.579

Efficiency Ratio

83.53

Net Interest Margin

3.562

Balance Sheet Highlights
Financial Highlights Progrowth Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 169,121 147,703
Total Net Loans 69,691 97,223
Total Deposits 150,857 126,600
Total Equity 11,230 15,565
Profitability
Net Income 404 1,683
Return on Average Assets .331 1.08
Return on Average Equity 3.579 9.905
Net Interest Margin 3.562 3.845
Efficiency Ratio 83.53 68.21
Noninterest Income/Revenue 10.908 13.68
Balance Sheet Ratios
Loan-to-Deposit 46.197 75.205
Securities/Assets .23 .174
Total Equity/Total Assets .066 .105
Tangible Equity/Tangible Assets .066 .103
Capital Adequacy
Tier 1 Common Capital 11,209 15,225
Tier 1 Capital 11,209 15,232
Tier 2 Capital 793 1,135
Total Capital 12,002 16,386
Total Risk Weighted Assets 63,314 105,251
Leverage Ratio 9.21 10.475
Common Equity Tier 1 Capital Ratio 17.7 15.3
Tier 1 Capital Ratio 17.7 15.308
Total Capital Ratio 18.96 16.398

Timeline for Progrowth Bank

Citizens State Bank Of Gaylord

Acquisition: Progrowth Bank acquired a new subsidiary, Citizens State Bank Of Gaylord, 22 years

View Profile Jun 28 2002

Progrowth Insurance Agency Inc.

Progrowth Insurance Agency Inc. became a new subsidiary organization for Progrowth Bank.

View Profile Jan 01 2001

Progressive Growth Corp.

Progressive Growth Corp. became a new parent organization for Progrowth Bank.

View Profile Aug 17 1990

Progrowth Bank

Progrowth Bank was established 121 years ago and is currently headquartered in Nicollet, MN.

Jan 01 1903
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Citizens State Bank Of Gaylord Seller 54,233 Pooling of Interests Discontinued 6/28/2002
Relationships Role Relationship Start Relationship End
Progressive Growth Corp. Parent 9/30/1991
Progressive Growth Corp. Parent 8/17/1990 9/29/1991
Progrowth Insurance Agency Inc. Subsidary 1/1/2001 4/11/2003
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