First Progressive Bank
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Data as of · sourced from FFIEC call reports. How we update
First Progressive Bank is an FDIC-insured commercial bank headquartered in Brewton, AL, established in 1977 (FDIC certificate 22549), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $31.6M, down 2.1% from Q2 2025, the 92nd largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 28.01% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 22549
- Headquarters
- Brewton, AL
- Established
- 1977
- Total assets, Q2 2026
- $31.6M
- Assets vs Q2 2025
- -2.1%
- Tier 1 leverage ratio, Q2 2026
- 28.01%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 062103000
- Asset rank in state
- 92nd of 93 in Alabama
Problem loans are rising at First Progressive Bank. The Brewton, Alabama bank had $32 million in assets at June 30, 2026, down 2.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.82% of loans from 1.39% a year earlier. It pays an average of 0.05% on its deposits and borrowings, a small fraction of the median of 1.53% for the 583 banks with less than $100 million in assets. On the other hand, it returns 1.1% a year on shareholders' equity, a small fraction of the median of 8.6% for banks its size.
Net income for the quarter slipped 29% from a year earlier, to $25,000. Its margin is thin by comparison: it keeps 3.32 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.87 cents).
As of June 30, 2026, First Progressive Bank reported a return on assets of 0.32%, a nonperforming-loan ratio of 3.82% and a Texas ratio of 4.39%. The figures come from its call report filed with the FFIEC.
First Progressive Bank ranks as the 92nd largest of the 93 banks based in Alabama, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.2% to $31.6M, loans fell 0.9% and deposits fell 4.6%. 1-4 family residential loans made up 45.6% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 26.6%. The FDIC Summary of Deposits lists a single office for it, in Brewton, AL. By the capital ratios in its Q2 2026 call report, First Progressive Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 312 Sowell St, Brewton, AL 36426
- County
- Escambia
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- November 10, 1977
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $22.7M
- Allowance for credit losses
- $234K
- Net charge-offs (YTD)
- $0
- Average total assets
- $31.7M
- Average total loans
- $10.5M
- Average interest-bearing deposits
- $9.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 10, 1977
- FDIC Cert
- 22549
- Fed RSSD
- 177135
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First Progressive Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Progressive Bank's total assets ranged from $31.6M (Q2 2026) to $33.6M (Q3 2023), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$31.6M total assets against $32.3M; $22.7M total liabilities against $23.5M.
$10.2M net loans and leases against $10.9M; $22.7M total deposits against $23.5M.
$17.3M securities against $17.5M; $3.7M cash and balances due against $3.6M.
$235K total interest income against $230K; $3K total interest expense against $4K.
$232K net interest income against $226K.
$2K total noninterest income against $3K; $184K total noninterest expense against $178K.
$0 provision for credit losses against $9K.
$25K net income against $35K.
0.32% return on assets against 0.43%; 3.32% net interest margin against 3.23%.
28.01% tier 1 leverage ratio against 27.25%.
Inside the full First Progressive Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
First Progressive Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.26% (Q1 2026) to 0.69% (Q3 2024) and its net interest margin ran from 3.17% (Q1 2025) to 3.95% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 28.01% | 0.32% | 3.82% | 4.39% | 3.32% |
| Q1 2026 | 27.34% | -0.26% | 0.06% | 0.07% | 3.69% |
| Q4 2025 | 27.48% | 0.69% | 3.66% | 4.27% | 3.95% |
| Q3 2025 | 27.46% | 0.50% | 0.83% | 0.99% | 3.47% |
| Q2 2025 | 27.25% | 0.43% | 1.39% | 1.71% | 3.23% |
| Q1 2025 | 26.92% | -0.18% | 0.52% | 0.64% | 3.17% |
| Q4 2024 | 26.90% | 0.40% | 0.93% | 1.11% | 3.34% |
| Q3 2024 | 26.58% | 0.69% | 1.37% | 1.63% | 3.33% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Progressive Bank (main office) | Brewton , AL | 36426 | $22.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 126 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Progressive Bank
What are First Progressive Bank's total assets?
As of the Q2 2026 filing, First Progressive Bank reported total assets of $31.6 million in its FFIEC call report.
Where is First Progressive Bank headquartered?
It is headquartered in Brewton, AL, United States.
When was First Progressive Bank founded?
It was established in 1977, per the FDIC institution directory.
Is First Progressive Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22549). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Progressive Bank?
First Progressive Bank's primary federal regulator is the Federal Reserve.
How many branches does First Progressive Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Progressive Bank's Texas Ratio?
Its Texas Ratio is 4.39% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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