Progressive Ozark Bank, Federal Savings Bank in Salem, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Progressive Ozark Bank, Federal Savings Bank in Salem, Missouri (MO)
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Progressive Ozark Bank, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31488
    Status: Active
    Federal Reserve ID: 143372
    Date Established: June 02, 1965
    WWW: http://www.pobfsb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 7060
    FDIC's unique #: 44322
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: June 02, 1965
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 904 W Scenic Rivers Blvd, Salem, MO 65560
    County: Dent
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Springfield Mo
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $109.9 mil
    Equity capital: $10.7 mil
    Deposits held in domestic offices: $97.8 mil
    Return on assets (ROA): 2.30% ($2.5 mil)
    Quarterly return on assets: 2.11% ($2.3 mil)
    Return on Equity (ROE): 23.64% ($2.6 mil)
    Quarterly return on equity: 21.67% ($2.4 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.30% ($2,528.2 mil)
    Quarterly Pretax return on assets: 2.11% ($2,319.3 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
  • 49Total employees (full-time equivalent)
  • $109,920Total assets
  • $5,733Cash and due from depository institutions
  • $4,511Interest-bearing balances
  • $3,860Securities
  • $2,125Federal funds sold & reverse repurchase agreements
  • $91,749Net loans & leases
  • $950Loan loss allowance
  • $0Trading account assets
  • $3,896Bank premises and fixed assets
  • $489Other real estate owned
  • $368Goodwill and other intangibles
  • $109,920Life insurance assets
  • $1,700All other assets
  • $99,182Total liabilities and capital
  • $97,822Total liabilities
  • $87,475Total deposits
  • $97,822Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,360Subordinated debt
  • $10,738All other liabilities
  • $10,738Total equity capital
  • $10,738Total bank equity capital
  • $0Perpetual preferred stock
  • $159Common stock
  • $1,307Surplus
  • $9,272Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $620Income earned, not collected on loans
  • $0Earning assets
  • $647Long-term assets (5+ years)
  • $102,245Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $109,574Volatile liabilities
  • $110,111Insider loans
  • $72,082FHLB advances
  • $109,474Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,292Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,697Restructured Loans and leases
  • $1,726Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,656Total interest income
  • $760Total interest expense
  • $5,896Net interest income
  • $125Provision for loan and lease losses
  • $1,830Total noninterest income
  • $0Fiduciary activities
  • $7Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,823Additional noninterest income
  • $5,075Total noninterest expense
  • $2,406Salaries and employee benefits
  • $1,278Premises and equipment expense
  • $1,391Additional noninterest expense
  • $2,526Pre-tax net operating income
  • -$3Securities gains (losses)
  • $0Applicable income taxes
  • $2,523Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,523Net income attributable to bank
  • $0Net charge-offs
  • $2,523Cash dividends
  • $167Sale, conversion, retirement of capital stock, net
  • $2,548Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.55%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 5.80%Net interest margin
  • 1.80%Noninterest income to earning assets
  • 4.99%Noninterest expense to earning assets
  • 2.31%Net operating income to assets
  • 2.30%Return on assets (ROA)
  • 2.30%Pretax return on assets
  • 23.64%Return on equity (ROE)
  • -0.23%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 74.85%Credit loss provision to net charge-offs
  • 15.87%Efficiency ratio
  • 65,364Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.99%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 153.23%Noncurrent assets plus other real estate owned to assets
  • 1.01%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 93.79%Net loans and leases to core deposits
  • 94.27%Equity capital to assets
  • 9.77%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 14.28%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $109,574Average earning assets
  • $10,671Average equity
  • $101,619Average loans

List of branches

  • 4 Missouri Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044322Progressive Ozark Bank, Federal Savings Bank904 W Scenic Rivers Blvd, Salem, MO 65560June 02, 1965Full Service Brick and Mortar
    144569Houston Branch1460 South Sam Houston Boulevard, Houston, MO 65483November 18, 1974Full Service Brick and Mortar
    2285093Hartville Branch368 South Main, Hartville, MO 65667June 30, 1994Full Service Brick and Mortar
    4465176Mountain Grove Branch1610 North Main, Mountain Grove, MO 65711January 16, 2007Full Service Brick and Mortar

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