This institution is no longer active

Operations ceased on March 1, 2020. CRA examination history below reflects the period it was active.

PROGRESSIVE SAVINGS BANK

JAMESTOWN, TN · Supervised by FDIC

Est. 1980FDIC #32,021RSSD: FDIC-32021

Part ofPROGRESSIVE FINL GROUP INC→ View all charters

Satisfactory Down

Current rating · Exam: December 2017

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.50%

Is this bank safe?

PROGRESSIVE SAVINGS BANK holds a Satisfactory CRA rating (2017), meets basic financial requirements (ROA +0.50%).

Institution Profile

FDIC BankFind

Address

500 North Main Street, JAMESTOWN, TN

County

Fentress County

Established

June 6, 1980

Total Assets

$295M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

December 1, 2017

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 8 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2019Call Report / FDIC

Total Assets

$295M

Total Deposits

$262M

Net Loans

$189M

Net Income

$1M

ROA

0.50%

Above avg for Small banks. Peer avg: 0.44%

ROE

4.86%

Risk-Based Capital

14.80%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.50%Peer avg: 0.44%▲ Above avg

Risk-Based Capital14.80%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate9.72%Peer avg: 6.90%▲ More than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2019	247	74.49%	9.72%
2018	217	81.57%	8.76%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Dec 2017	Satisfactory	Small Bank
Jan 2015	Outstanding	Small Bank

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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