# PROGRESS BANK&TRUST
HUNTSVILLE, AL · FDIC certificate 58719 · asset band $1-10B · latest filing 2022-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 7 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.76B | |
| Deposits | $1.34B | |
| Loans and leases | $1.48B | |
| Total equity | $171.7M | |
| Loans / deposits | 109.89% (p96 of band) | 82.70% |
| Liquid assets / assets | 9.57% (p5 of band) | |
| Uninsured deposits / deposits | 46.65% (p82 of band) | 32.12% |
| Brokered deposits | 4.82% | |
| Wholesale funding | 18.25% (p87 of band) | |
| FHLB advances / assets | 5.41% | |
| Tier 1 leverage | 9.80% (p50 of band) | 9.80% |
| Unrealized securities loss / equity | -12.41% (p70 of band) | -22.81% |
| AOCI / equity | -9.57% (p61 of band) | |
| ROA (annualized) | 1.14% (p46 of band) | 1.17% |
| Net interest margin | 3.76% (p74 of band) | 3.41% |
| Efficiency ratio | 63.97% (p67 of band) | |
| Noncurrent loans | 0.04% (p14 of band) | 0.26% |
| Net charge-offs (annualized) | 0.14% (p91 of band) | |
| Reserve coverage of noncurrent | 1715.72% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 109.13% (p83 of band) | |
| Auto loans | $729,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -15.5% | |
| Employees | 211 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **charge-offs p90** (`aq_nco`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | reserve under noncurrent |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | construction >100% equity |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 0 |  | capital falling, construction >100% equity |
| 2015-03 | 1 | construction >100% equity |  |
| 2015-06 | 2 | capital falling |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 1 |  | capital falling |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 0 |  | construction >100% equity |
| 2017-09 | 0 |  |  |
| 2017-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2018-03 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | loans exceed deposits |  |
| 2019-03 | 2 | uninsured deposits >50%, run vulnerability | loans exceed deposits |
| 2019-06 | 0 |  | uninsured deposits >50%, run vulnerability |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | uninsured deposits >50% |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | capital falling, construction >100% equity |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 1 |  | uninsured deposits >50%, capital falling |
| 2022-12 | 7 | loans exceed deposits, wholesale funding >15%, liquid assets <10%, charge-offs p90, deposits shrinking, uninsured deposits leaving |  |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58719 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/31.json (key "58719", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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