FDIC Certificate #: 22549 Status: Active Federal Reserve ID: 177135 Date Established: November 10, 1977 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 15726 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: November 10, 1977 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: St. Nichols Avenue And Sowell Street, Brewton, AL 36426 County: Escambia Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $30.0 mil Equity capital: $7.8 mil Deposits held in domestic offices: $22.2 mil Return on assets (ROA): 0.31% ($0.1 mil) Quarterly return on assets: 0.36% ($0.1 mil) Return on Equity (ROE): 1.19% ($0.1 mil) Quarterly return on equity: 1.39% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.32% ($96.0 mil) Quarterly Pretax return on assets: 0.34% ($102.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
12Total employees (full-time equivalent)
$29,990Total assets
$2,640Cash and due from depository institutions
$0Interest-bearing balances
$16,162Securities
$2,820Federal funds sold & reverse repurchase agreements
$7,978Net loans & leases
$167Loan loss allowance
$0Trading account assets
$127Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$29,990Life insurance assets
$263All other assets
$22,199Total liabilities and capital
$22,169Total liabilities
$9,612Total deposits
$22,169Interest-bearing deposits
$81Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$30Subordinated debt
$7,791All other liabilities
$7,791Total equity capital
$7,791Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$600Surplus
$6,691Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$248Income earned, not collected on loans
$0Earning assets
$23Long-term assets (5+ years)
$26,960Average Assets, year-to-date
$5,734Average Assets, quarterly
$29,537Volatile liabilities
$29,760Insider loans
$11,326FHLB advances
$29,683Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,791Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$894Restructured Loans and leases
$268Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$923Total interest income
$62Total interest expense
$861Net interest income
$0Provision for loan and lease losses
$18Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$784Total noninterest expense
$401Salaries and employee benefits
$107Premises and equipment expense
$276Additional noninterest expense
$95Pre-tax net operating income
$0Securities gains (losses)
$3Applicable income taxes
$92Income before extraordinary items
$0Extraordinary gains - net
$92Net income attributable to bank
$0Net charge-offs
$92Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.45%Yield on earning assets
0.23%Cost of funding earning assets
3.21%Net interest margin
0.07%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
0.31%Net operating income to assets
0.31%Return on assets (ROA)
0.32%Pretax return on assets
1.19%Return on equity (ROE)
1.19%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,192Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
67.34%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
3.04%Net loans and leases to deposits
35.99%Net loans and leases to core deposits
41.10%Equity capital to assets
25.98%Core capital (leverage) ratio
26.25%Tier 1 risk-based capital ratio
68.79%Total risk-based capital ratio
Memoranda
$70Average assets
$29,537Average earning assets
$7,739Average equity
$26,792Average loans
List of branches
1 Alabama Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15726
First Progressive Bank
St. Nichols Avenue And Sowell Street, Brewton, AL 36426
November 10, 1977
Full Service Brick and Mortar
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