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Progress Bank and Trust

Huntsville, AL · Cert 58719

FDIC · 13 branches

Q4 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2022, the quarter ended December 31, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Progress Bank and Trust

Huntsville, AL · Cert 58719

FDIC · 13 branches

Q4 2022

$1.8BAssets
$1.5BLoans
$1.3BDeposits
$171.7MEquity
Loan mix
77%RE $967.0M21%C&I $264.4M2%Consumer $21.6MQ4 2021Q4 2022
Deposit mix
68%Interest-bearing $910.9M32%Noninterest $428.4MQ4 2021Q4 2022

NIM

3.75%Q4 ’203.40%Q4 ’214.08%Q4 ’22-2%+16%

Non-interest income vs. expense

2.54%Q4 ’202.68%Q4 ’212.70%Q4 ’22+7%+36%

Market Position · Huntsville, AL · 2022 SOD (annual) · 5.8% share · #8 of 33 inst. · $0.7B of $11.7B

6.4% Madison
0.6% Jefferson
9.3% Morgan
7.8% Lauderdale

Executive Summary

  • Earnings: ROA of 1.14%, down 12 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.04% of loans (+1 bps YoY), with net charge-offs at 0.17%.
  • Capital: tier 1 leverage ratio of 9.80%, up 60 bps from a year ago.
  • Funding: loans stand at 110.68% of deposits as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

1.14%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+50 bps YoY

Efficiency Ratio (YTD, annualized)

63.97%+81 bps YoY

Tier 1 Leverage Ratio

9.80%+60 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets1.26%0.90%1.01%1.14%1.14%-12 bps
Return on Equity12.37%9.34%10.63%11.91%11.84%-53 bps
Net Interest Margin3.08%2.95%3.03%3.35%3.58%+50 bps
Efficiency Ratio63.16%69.40%66.44%63.78%63.97%+81 bps
Non-Interest Burden1.50%1.76%1.74%1.85%2.04%+55 bps
Growth
Asset Growth (YoY)12.69%13.54%12.42%2.43%-1.26%-1,394 bps
Loan Growth (YoY)1.45%1.89%7.75%13.79%18.73%+1,727 bps
Deposit Growth (YoY)13.42%14.21%13.43%-0.56%-15.54%-2,896 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.03%0.03%0.11%0.04%+1 bps
Net Charge-Offs / Loans-0.01%-0.16%-0.08%-0.04%0.17%+18 bps
Allowance / Loans1.05%1.06%1.02%0.96%0.71%-33 bps
Allowance Coverage of NPLs30.3x32.1x32.2x9.0x17.2x-13.1x
Capital
Tier 1 Leverage Ratio9.20%8.89%8.88%9.39%9.80%+60 bps
Total Risk-Based Capital12.25%11.83%11.82%11.75%11.33%-93 bps
Equity / Assets10.04%9.25%9.23%9.70%9.77%-27 bps
Liquidity & Funding
Loans / Deposits78.74%76.97%81.15%94.21%110.68%+3,195 bps
Liquid Assets / Assets1.66%2.15%2.18%0.10%0.43%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a