# PROGROWTH BANK
NICOLLET, MN · FDIC certificate 8536 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. 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 | $364.8M | |
| Deposits | $327.1M | |
| Loans and leases | $81.1M | |
| Total equity | $19.9M | |
| Loans / deposits | 24.60% (p1 of band) | 82.04% |
| Liquid assets / assets | 75.43% (p99 of band) | |
| Uninsured deposits / deposits | 13.05% (p9 of band) | 25.97% |
| Brokered deposits | 20.04% | |
| Wholesale funding | 24.15% (p96 of band) | |
| FHLB advances / assets | 4.11% | |
| Tier 1 leverage | 7.09% (p1 of band) | 10.81% |
| Unrealized securities loss / equity | -47.26% (p5 of band) | -8.10% |
| AOCI / equity | 9.10% (p100 of band) | |
| ROA (annualized) | -1.12% (p1 of band) | 1.28% |
| Net interest margin | 1.60% (p0 of band) | 3.91% |
| Efficiency ratio | 98.81% (p98 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 76% | |
| Construction % of loans | 20.07% (p25 of band) | |
| Auto loans | $445,000 (0.55% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -2.5% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 5 | losing money, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2012-06 | 1 |  | losing money, charge-offs p90, deposits shrinking, assets shrinking |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 1 |  | capital falling |
| 2013-03 | 6 | losing money, expense ratio p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2013-06 | 4 |  | losing money, expense ratio p90 |
| 2013-09 | 3 |  | uninsured deposits leaving |
| 2013-12 | 2 | capital falling | deposits shrinking, assets shrinking |
| 2014-03 | 0 |  | reserve under noncurrent, capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 2 | leverage <7%, capital falling |  |
| 2015-03 | 2 | losing money, expense ratio p90 | leverage <7%, capital falling |
| 2015-06 | 2 |  |  |
| 2015-09 | 4 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, expense ratio p90 |
| 2015-12 | 0 |  | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-03 | 2 | deposits shrinking, assets shrinking |  |
| 2016-06 | 0 |  | deposits shrinking, assets shrinking |
| 2016-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-12 | 2 |  | uninsured deposits leaving |
| 2017-03 | 0 |  | deposits shrinking, assets shrinking |
| 2017-06 | 0 |  |  |
| 2017-09 | 1 | uninsured deposits leaving |  |
| 2017-12 | 3 | deposits shrinking, assets shrinking |  |
| 2018-03 | 1 |  | deposits shrinking, assets shrinking |
| 2018-06 | 1 | capital falling | uninsured deposits leaving |
| 2018-09 | 0 |  | capital falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 1 | capital falling |  |
| 2021-03 | 2 | brokered >10%, wholesale funding >15% | capital falling |
| 2021-06 | 2 |  |  |
| 2021-09 | 3 | capital falling |  |
| 2021-12 | 4 | uninsured deposits leaving |  |
| 2022-03 | 7 | AOCI drag >20% of equity, securities losses >30% of equity, NIM <2.5% |  |
| 2022-06 | 6 |  | capital falling |
| 2022-09 | 5 |  | uninsured deposits leaving |
| 2022-12 | 5 |  |  |
| 2023-03 | 4 | uninsured deposits leaving | AOCI drag >20% of equity, NIM <2.5% |
| 2023-06 | 3 |  | uninsured deposits leaving |
| 2023-09 | 6 | capital falling, AOCI drag >20% of equity, uninsured deposits leaving |  |
| 2023-12 | 4 |  | AOCI drag >20% of equity, uninsured deposits leaving |
| 2024-03 | 4 |  |  |
| 2024-06 | 3 |  | capital falling |
| 2024-09 | 3 |  |  |
| 2024-12 | 7 | capital falling, NIM <2.5%, deposits shrinking, uninsured deposits leaving |  |
| 2025-03 | 4 |  | capital falling, deposits shrinking, uninsured deposits leaving |
| 2025-06 | 5 | deposits shrinking |  |
| 2025-09 | 4 |  | deposits shrinking |
| 2025-12 | 5 | leverage <7% |  |
| 2026-03 | 9 | capital falling, losing money, expense ratio p90, assets shrinking |  |
| 2026-06 | 7 |  | leverage <7%, capital falling |

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

- 2021-07-06 [Plans for osteopathic medical school in Gaylord appear to have fallen through - MinnPost](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPeXNhRXlkZ2ZianZNWUMyS1RlZTBBcGRLNDZuc09JclFkQ3pnRWp6X1k5SC1WeTYyaTlYckptejBxUkw5ZE1QVGxIQ3FMVWpONm51aE5vMTVveFlONVozcmVTTGI3WVFOdlhIa1JXYWFJS2hoSUNzRUc0MW9PMklXT0lsb1NLVDE0OWVEaVhJaEJ1ajBkd0JmQmNxU1dVanktbWZ3SVpSc0o2MnBGRUFXSW9ralRYZnFMNUo1N2MycjljUFZSMWJFYg?oc=5) · MinnPost
- 2025-07-17 [FRIENDS OF LEARNING: Supports local students via the backpack drive - southernminn.com](https://news.google.com/rss/articles/CBMi_gFBVV95cUxNYnA2cHFhX1N6V0J0QTFuNnR5dEhaclFzQ2hfSnBDQXg3c0VocmEwRzNlOFlMeEJPUFpRc2xoMFVTcUZROXIwU3lwdUtheGdrYTc0MHd2amloUjA4NHRxSS1LUTVMQUZyUmE0Q0xDcmJuc19TaXhDMDhqN3FrSjZvRjI1elBYbHhQMnZrV3ZQdUtrSjNPZV9IUTNSQUtjRlZ5NURXdzNQRmxWZm0zcXNRY0N4ZVRBT2t0R2M0aG0taWJKa3J3WnZodGlJOG9ySjlRSExMelFncDVtVV9fTlFfeFNSQ3Z1VUd4ZHlKT0ZSQWIzODhyWDNpZDVmRGxvQQ?oc=5) · southernminn.com
- 2024-08-24 [Nicollet Foundation brings new playground to school - Mankato Free Press](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQYjdneHVLRHVpUm5wdE5lVF9tU3lFWDBtZlNKdnVldHl4cms4aFo2MGxqNjJFRTkwcUZpR0RZcUc0cVY2d1RHQ296N0I5SDV4bmJRMmMzRWxjN1ZBQ1VoNEE2dDQ4ZkRMSHY2dlg4a1psblh1QkRFcWhsdkRFY1BmaGxEMG1la3FuaHlTbUxhanZUTGo1cTh1eUItQmJVakRmc1ZpUTB1YXdGQlEyNk1hVy1Lczk4TGtGY05adTVySThacS11U1lfd2tzNFozNkZRUTVVSWJiRTMxUkVZbkxTcGRDYVc?oc=5) · Mankato Free Press
- 2020-01-23 [GoFundMe created for family of teen killed in Nicollet County crash - Southern Minnesota News](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQU2VyWER0a0xDazJLUDJRYzhuMmNheWpBS1hXT2JxbVdRdzd0bFFKZlEzc256UVpGZVZUcktQMGtNV05lMko2VWR2WWJZU1BPWXVIQUxELTlNTmExbFBUY1NvSjBEc3hUVTNZWUUyZzFqc0JfclhNUERjaGVTSGlySUQ5bnJsbU01OC1xbWZfRkNMSmNKeW9GMy1kdG5Bd3BvX24zblU1d0V3QQ?oc=5) · Southern Minnesota News
- 2020-01-23 [Community raises over $13,000 for St. Peter teen killed in Nicollet County crash - KEYC News Now](https://news.google.com/rss/articles/CBMingFBVV95cUxQS2Z2R3VnSDBLWHdGelBZRkVSVkNNTkROUEVNZkQ0YUR4VkgzUDc0dFMzZHg3M1dWaVNNWkw1LWlOSnNQM1daSkZwSkxRekpEZE5PNm1HOUVtMHpiNmZfcC1IdGFzMC03bTNiUDlFTjMxMXJyNE1Sa056Ui1NLUVVblAyOUFON2FGazdOX0tFdEhHeEdRcmNYNVFJcVVuUQ?oc=5) · KEYC News Now
- 2015-07-19 [Laura Wills and Ryan Kohn - Mankato Free Press](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPczE2a3FEV1dieU0xcGlCeVZfNzFOOUFZbkxyMzh1RzBEUWt6UVRnRWszYWh5Q0lKRVl3Zkh2bmJGRlBEM0plN1RyZHRwdEp2Z3RCRHVnTmVCZk5aRllKUUc1UkMwRzlqdVB1WTczbk05dlM1M0VhamlRS0Nab0JOTzFpdXJsOUtoVGlRWnZPRTZDV2xjY2ZxQmlEMWNFenZpa0JxS2ZSSjNPR045ME1CU3I5YnI3WGQwdGFEakRUbFhTLVY1QXdCSA?oc=5) · Mankato Free Press
- 2026-06-26 [North Mankato Fun Days planned July 8-12 in Wheeler Park - Mankato Free Press](https://news.google.com/rss/articles/CBMi6wFBVV95cUxNY01kN3pPMTlPNTBHdWNIM29ILVdlWFR4Wkduc1h6aWVVbkxFWGRqNGJsOFBMc0p4Z0tFbmNrQVBCd3hxcmg3VGJFZU9qaHBTR29jRjRuSUU1WHgyT1U5bG1tbG15VFVsSjB5UEdSMS1vN0s3ajNfV1AtdTMwRWZvbTNjaWFvT3RUVU53bWQ4dHBWR3ZDdklGWm80NFBsVGFoU1paVm10bkhXOUtRZTdFa1c5NG9NY1ZDMndBRFZnRmhnQlpYSXlxeGp5QUFwX2RONUFNdGNvN3pZclBvZmh0MjhGanlfdWNBemE0?oc=5) · Mankato Free Press

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8536 (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/24.json (key "8536", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide