First Progressive Bank: how it compares with its peers
Against 267 U.S. banks with half to twice its assets, First Progressive Bank's strongest measure in Q2 2026 is efficiency ratio (80.08% vs. a 74.92% peer median). Its weakest relative measure is return on assets (0.02% vs. 0.93%).
| Measure | First Progressive Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.02% | 0.93% | Bottom third Ahead of 18% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.51% | 3.86% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 80.08% | 74.92% | Middle third Ahead of 39% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.5M | $5.6M | Middle third Ahead of 37% of peers |
| Loans to deposits Net loans and leases over total deposits. | 45.04% | 61.20% | Context |
What it means for lending operations
Its efficiency ratio of 80.08% is above the 74.92% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- GS&L Municipal Bank Gouverneur, NY · $32M
- Lake Country Community Bank Morristown, MN · $32M
- Maxwell State Bank Maxwell, IA · $32M
- Jackson Savings Bank, SSB Sylva, NC · $32M
- Metropolitan Bank and Trust Company New York, NY · $32M
- Martinsville First Savings Bank Martinsville, VA · $32M
Questions about First Progressive Bank
How big is First Progressive Bank?
First Progressive Bank, established in 1977, is headquartered in Brewton, AL. It reported $32M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is First Progressive Bank's return on assets?
0.02% annualized in Q2 2026, against a 0.93% median for 267 U.S. banks with half to twice its assets, ahead of 18% of them.
What is First Progressive Bank's efficiency ratio?
80.08% in Q2 2026: it spent about 80 cents in noninterest expense for each dollar of revenue. The peer median is 74.92%, and lower is better.
Is First Progressive Bank growing its loans?
Net loans shrank 5.8% over the year to Q2 2026, while deposits shrank 3.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Alabama bank ranked.