First Progressive Bank Financial Reports

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First Progressive Bank

RSSD ID 177135 \| CERTIFICATE 22549 \| ABA NUMBER 62103000
312 Sowell St	Quarter Ended :	2025-06-30
Brewton, Alabama, 36426	Updated :	2025-07-28

Institution Profile
Year Opened :	1977	Institution Type :	Commercial bank
Entity Type :	State	Federal Regulator :	FED
Member Federal Reserve :	Yes	S-Corp :	No
Fiduciary Powers :	No	Powers Exercised :	No
Filing Type :	051

Specialization :	Other Specialized Under 1 Billion
Number of Offices :	1	Number of Employees :	6

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)
Total Assets	32,270	Total Interest Income	461
Total Liabilities	23,483	Total NonInterest Income	6
Total Bank Equity Capital	8,787	Total Interest Expense	7
Total Deposits	23,474	Total NonInterest Expense	408
Net Loans & Leases	10,856	Net Income	20
Loan Loss Allowance	147	Net Charge Offs	0

Regulatory Capital		Quarterly Averages (USD, in thousands)
Community Bank Leverage Ratio	Yes	Total loans	11,015
Total assets for the leverage ratio	32,242	Loans secured by real estate:	7,007
Tier 1 Leverage Ratio	27.25	Commercial and industrial loans	3,336
Off Balance Sheet Exposures (%)	2	Loans to individuals - Credit Cards	0
Trading Assets and Liabilities (%)	0	Loans to individuals - Other	672

Source of Data: FDIC, FRB, NCUA, OCC, SEC, U.S. Department of the Treasury