ProGrowth Bank is a state-chartered bank headquartered in Nicollet, Minnesota, in business for about 123 years. At the end of Q2 2026 it reported $364.8M in total assets and $327.1M in deposits, with 4 offices.
Based on its Q2 2026 filing, ProGrowth Bank scores 56/100, which we describe as moderate. That is higher than only 13% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 187th. Its strongest component is loan quality (100/100; 0.00%), and its lowest is earnings (0/100; -1.12%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 8 points (64 → 56), mostly because the earnings component weakened by 39 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 68 |
| Q3 2024 | 68 |
| Q4 2024 | 66 |
| Q1 2025 | 65 |
| Q2 2025 | 64 |
| Q3 2025 | 65 |
| Q4 2025 | 63 |
| Q1 2026 | 54 |
| Q2 2026 | 56 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.29% |
| Q3 2024 | 7.27% |
| Q4 2024 | 7.27% |
| Q1 2025 | 7.39% |
| Q2 2025 | 7.12% |
| Q3 2025 | 7.25% |
| Q4 2025 | 6.85% |
| Q1 2026 | 6.41% |
| Q2 2026 | 7.09% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.01% |
| Q3 2024 | 0.01% |
| Q4 2024 | 0.01% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.87% |
| Q3 2024 | 0.84% |
| Q4 2024 | 0.66% |
| Q1 2025 | 0.51% |
| Q2 2025 | 0.47% |
| Q3 2025 | 0.45% |
| Q4 2025 | 0.35% |
| Q1 2026 | -2.24% |
| Q2 2026 | -1.12% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 56 | $364.8M | 7.09% | 0.00% | -1.12% | 24.6% |
| Q1 2026 | 54 | $370.9M | 6.41% | 0.00% | -2.24% | 24.3% |
| Q4 2025 | 63 | $411.7M | 6.85% | 0.00% | 0.35% | 24.9% |
| Q3 2025 | 65 | $417.3M | 7.25% | 0.00% | 0.45% | 23.1% |
| Q2 2025 | 64 | $415.9M | 7.12% | 0.00% | 0.47% | 24.2% |
| Q1 2025 | 65 | $405.8M | 7.39% | 0.00% | 0.51% | 23.8% |
| Q4 2024 | 66 | $395.8M | 7.27% | 0.01% | 0.66% | 24.3% |
| Q3 2024 | 68 | $401.8M | 7.27% | 0.01% | 0.84% | 22.6% |
| Q2 2024 | 68 | $412.9M | 7.29% | 0.01% | 0.87% | 21.7% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Heritage Bank National AssociationBank Spicer, MN | 34 out of 100, Low | $361.1M | 10.8% | 3.84% | vs |
| First Bank Elk RiverBank Elk River, MN | 64 out of 100, Moderate | $369.2M | 10.7% | 0.53% | vs |
| United Community BankBank Perham, MN | 49 out of 100, Below average | $359.3M | 10.5% | 2.95% | vs |
| Harvest BankBank Kimball, MN | 63 out of 100, Moderate | $355.1M | 9.2% | 0.80% | vs |
| Granite BankBank Cold Spring, MN | 53 out of 100, Below average | $353.2M | 8.5% | 1.38% | vs |
| Sherburne BankBank Becker, MN | 78 out of 100, Strong | $351.1M | 9.5% | 0.02% | vs |
Deposit insurance
Is my money safe at ProGrowth Bank?
Yes. ProGrowth Bank is an FDIC-insured institution (FDIC certificate #8536). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 13.1% of deposits ($42.7M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 7.09%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 20.50% (benchmark: 10%).
4 locations
Branches
ProGrowth Bank lists 3 offices in 3 cities. Most locations:
- Gaylord, MN (1)
- Mankato, MN (1)
- Nicollet, MN (1)
Identity & history
Profile
- Legal name
- ProGrowth Bank
- Former names
- Nicollet State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 8536
- RSSD ID
- 751254
- Primary regulator
- FDIC
- Holding company
- Progressive Growth Corp
- Established
- January 1, 1903
- Headquarters
- 703 3rd St, Nicollet, MN 56074
- Website
- www.progrowth.com
- Employees
- 34
Quick answers
ProGrowth Bank: common questions
Is ProGrowth Bank FDIC insured?
Yes. ProGrowth Bank is an FDIC-insured institution (FDIC certificate #8536). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is ProGrowth Bank's TellerScore?
56 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has ProGrowth Bank ever failed?
There is no failure record for FDIC certificate #8536 in the FDIC failed bank list.
How many branches does ProGrowth Bank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Nicollet
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| St. Clair State Bank (Incorporated)Bank Saint Clair, MN | 85 out of 100, Very strong | $134.4M | 11.1% | 0.03% | vs |
| Minnesota Valley Federal Credit UnionCredit union Mankato, MN | 77 out of 100, Strong | $329.0M | 11.5% | 0.56% | vs |
| First Farmers & Merchants BankBank Cannon Falls, MN | 77 out of 100, Strong | $486.4M | 10.1% | 0.01% | vs |
| First State Bank of Le CenterBank Le Center, MN | 76 out of 100, Strong | $110.4M | 11.1% | 0.81% | vs |
| Cornerstone State BankBank Montgomery, MN | 74 out of 100, Strong | $247.0M | 10.6% | 0.80% | vs |
| Southpoint Financial Credit UnionCredit union Sleepy Eye, MN | 73 out of 100, Strong | $608.9M | 11.2% | 0.17% | vs |