🏦Bank Scorer

This institution is no longer active

Operations ceased on January 3, 2023. CRA examination history below reflects the period it was active.

PROGRESS BANK AND TRUST

HUNTSVILLE, AL · Supervised by FDIC

Est. 2008FDIC #58,719RSSD: FDIC-58719
Part ofPROGRESS FINANCIAL CORP→ View all charters
Satisfactory Same

Current rating · Exam: February 2022

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.14%

Institution Profile

FDIC BankFind

Address

201 Williams Ave Sw, HUNTSVILLE, AL

County

Madison County

Established

February 4, 2008

Total Assets

$1.8B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 1, 2022

Exam Type

Intermediate Small Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2022Call Report / FDIC

Total Assets

$1.8B

Total Deposits

$1.3B

Net Loans

$1.5B

Net Income

$20M

ROA

1.14%

ROE

11.84%

Risk-Based Capital

11.33%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate1.99%Peer avg: 9.91%▲ Above avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20221,50884.08%1.99%
20211,88782.51%0.74%
20202,25784.23%0.53%
201977085.19%1.30%
201877386.03%3.75%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

4 previous ratings locked — dating back to 2010

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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