ProGrowth Bank
Nicollet, MN
IDRSSD: 751254
Total Assets
$417.32M
Latest filing
Total Deposits
$339.88M
Latest filing
Net Interest Margin
1.96%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
ProGrowth Bank
703 3rd St
Nicollet, MN 56074
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1903FDIC Certificate 5444
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| ProGrowth Bank (Main) | 703 3rd St | Nicollet, MN |
| PROGROWTH BANK BRANCH | 120 N Augusta Ct | Mankato, MN |
| PROGROWTH BANK BRANCH | 45 Teton Ln | Mankato, MN |
| PROGROWTH BANK BRANCH | 320 Main Ave | Gaylord, MN |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1903 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56074 |
| State and County Number | 27103 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Mankato, MN |
Operational Info
| Number of Employees | 32 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | http://www.progrowth.com |
| Data Updated | 11/14/2025 |
| CERT | 8536 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $417.32M |
| Total Deposits | $339.88M |
| Total Liabilities | $397.34M |
| Total Equity Capital | $19.98M |
| Net Income | $417.00k |
| Net Loans and Leases | $78.52M |
| Assets Per Employee ($Millions) | $13.04M |
| Bank Premises and Fixed Assets | $695.00k |
| Cash and Balances due from Depository Institutions | $21.76M |
| Deposits Held in Domestic Offices | $339.88M |
Key Performance Ratios
| Return on Assets (ROA) | 0.4% |
| Return on Equity (ROE) | 8.9% |
| Net Interest Margin | 1.96% |
| Efficiency Ratio | 74.49% |
| Tier 1 Risk-Based Capital Ratio | 17.856% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 4.787% |
| Earning Assets to total Assets | 96.74% |
Income and Expense
| Total Interest Income | $5.24M |
| Total Noninterest Income | $130.00k |
| Total Interest Expense | $3.27M |
| Total Noninterest Expense | $1.56M |
| Net Interest Income | $1.97M |
| Pre-tax Net Operating Income | $536.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $54.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $5.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $3.46M |
| Total Liabilities and Capital | $417.32M |
Securities
| Securities | $306.04M |
| Available-for-sale debt securities | $305.98M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $2.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of ProGrowth Bank?
$417.32M as of the latest filing.
How much are ProGrowth Bank's total deposits?
$339.88M in total deposits.
Where is ProGrowth Bank located?
Nicollet, MN.
What is the Net Interest Margin?
1.96%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1903.
What is the Return on Assets (ROA)?
0.4%.
How much are total loans and leases?
$78.52M (latest filing).
What is the total interest income (latest filing)?
$5.24M.