Progressive Ozark Bank
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Data as of · sourced from FFIEC call reports. How we update
Progressive Ozark Bank is an FDIC-insured commercial bank headquartered in Salem, MO, established in 1965 (FDIC certificate 31488), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $190.9M, up 2.3% from Q2 2025, the 127th largest of 191 banks headquartered in Missouri. Its CET1 capital ratio was 13.45% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 31488
- Headquarters
- Salem, MO
- Established
- 1965
- Total assets, Q2 2026
- $190.9M
- Assets vs Q2 2025
- +2.3%
- CET1 ratio, Q2 2026
- 13.45%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 281573288
- Holding company
- OZARK BANCORP, INC.
- Asset rank in state
- 127th of 191 in Missouri
Progressive Ozark Bank is one of the more profitable banks of its size. Its balance sheet stood at $191 million at June 30, 2026, up 2.3% from a year earlier; it is based in Salem, Missouri. It earns about $2.47 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 5.63 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.95 cents).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.03% of loans from 1.81%. Net income for the quarter rose 25% from a year earlier, to $1.2 million. Credit is the area to watch: it carries problem assets equal to 11.3% of the capital and reserves that would absorb them, 4.3 times the median of 2.6% for banks its size.
As of June 30, 2026, Progressive Ozark Bank reported a CET1 capital ratio of 13.45%, a return on assets of 2.47%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 11.35%. The figures come from its call report filed with the FFIEC.
Of the 191 banks headquartered in Missouri, Progressive Ozark Bank is the 127th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.4% to $190.9M, loans fell 1.7% and deposits rose 1.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 46.3% of total loans, followed by farmland and other real estate loans at 24.2%. Its 6 offices in the FDIC Summary of Deposits are in 6 cities in MO; its Houston office books 33% of its branch deposits. By the capital ratios in its Q2 2026 call report, Progressive Ozark Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 904 W Scenic Rivers Blvd, Salem, MO 65560
- County
- Dent
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- June 2, 1965
- Former names
- Progressive Ozark Bank, Federal Savings Bank (1991-2013); Ozark Rivers Federal Savings Bank (1988-1991)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 54
- Domestic deposits
- $170.7M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $19K
- Average total assets
- $190.5M
- Average total loans
- $157.3M
- Average interest-bearing deposits
- $132.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31488
- Fed RSSD
- 143372
- Website
- www.progressiveozarkbank.com →
- Parent Holding Company
- OZARK BANCORP, INC. (RSSD 3832846)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Progressive Ozark Bank's total assets moved between a low of $164.5M (Q3 2023) and a high of $190.9M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$190.9M total assets against $186.6M; $172.5M total liabilities against $169.5M.
$154.3M net loans and leases against $152.9M; $170.7M total deposits against $167.9M.
$11.2M securities against $9.1M; $13.8M cash and balances due against $16.0M.
$2.9M total interest income against $2.8M; $412K total interest expense against $436K.
$2.5M net interest income against $2.3M.
$376K total noninterest income against $528K; $1.9M total noninterest expense against $1.8M.
-$184K provision for credit losses against $107K.
$1.2M net income against $945K.
2.47% return on assets against 2.07%; 5.63% net interest margin against 5.50%.
13.45% CET1 capital ratio against 12.68%; 9.78% tier 1 leverage ratio against 9.49%.
Inside the full Progressive Ozark Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeProgressive Ozark Bank rankings
Its closest position to the top of a national ranking is 173 of 3,611, for ROA; its furthest is 3,029 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.84% (Q4 2025) to 2.47% (Q2 2026) and its net interest margin ran from 5.25% (Q1 2025) to 5.63% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.45% | 2.47% | 0.03% | 11.35% | 5.63% |
| Q1 2026 | 13.22% | 2.13% | 1.83% | 14.55% | 5.43% |
| Q4 2025 | 12.75% | 1.84% | 1.99% | 16.04% | 5.48% |
| Q3 2025 | 12.76% | 1.86% | 1.76% | 14.38% | 5.53% |
| Q2 2025 | 12.68% | 2.07% | 1.81% | 14.98% | 5.50% |
| Q1 2025 | 12.73% | 2.03% | 1.87% | 15.86% | 5.25% |
| Q4 2024 | 12.56% | 2.02% | 0.51% | 4.43% | 5.50% |
| Q3 2024 | 12.89% | 2.26% | 0.07% | 0.58% | 5.29% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → 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 |
|---|---|---|---|
| Houston Branch | Houston , MO | 65483 | $55.8M |
| Progressive Ozark Bank (main office) | Salem , MO | 65560 | $44.4M |
| Hartville Branch | Hartville , MO | 65667 | $25.6M |
| Mountain Grove Branch | Mountain Grove , MO | 65711 | $24.3M |
| Licking Branch | Licking , MO | 65542 | $12.1M |
| Mansfield Branch | Mansfield , MO | 65704 | $8.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 1, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 1991 | Structure Change | Acquired Progressive Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action April 29, 2003. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MO, rank 154 of 249 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $266K approved, $266K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), 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 Progressive Ozark Bank
What are Progressive Ozark Bank's total assets?
As of the Q2 2026 filing, Progressive Ozark Bank reported total assets of $190.9 million in its FFIEC call report.
Where is Progressive Ozark Bank headquartered?
It is headquartered in Salem, MO, United States.
When was Progressive Ozark Bank founded?
It was established in 1965, per the FDIC institution directory.
Is Progressive Ozark Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #31488). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Progressive Ozark Bank?
Progressive Ozark Bank's primary federal regulator is the Federal Reserve.
What is Progressive Ozark Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.45% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Progressive Ozark Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Progressive Ozark Bank's Texas Ratio?
Its Texas Ratio is 11.35% 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.
What was Progressive Ozark Bank previously called?
The charter now named Progressive Ozark Bank has also operated as Progressive Ozark Bank, Federal Savings Bank (1991-2013), Ozark Rivers Federal Savings Bank (1988-1991), per FDIC structure-change records.
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