FDIC Certificate #: 1221 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 373469 Date Established: January 01, 1898 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) OTS Docket #: 10852 FDIC's unique #: 839 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 23, 2001 Last Structure Change Process Date: March 19, 2001 Last Data Update: March 19, 2001 Data Source Date: April 05, 2012
Location
Address: 143 West Burleson Street, Wharton, TX 77488 County: Wharton Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): El Campo, TX (#20900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $443.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
145Total employees (full-time equivalent)
$443,488Total assets
$16,405Cash and due from depository institutions
$1,085Interest-bearing balances
$208,625Securities
$47,500Federal funds sold & reverse repurchase agreements
$160,096Net loans & leases
$2,424Loan loss allowance
$0Trading account assets
$4,567Bank premises and fixed assets
$545Other real estate owned
$529Goodwill and other intangibles
$0Life insurance assets
$5,221All other assets
$443,488Total liabilities and capital
$416,108Total liabilities
$400,289Total deposits
$329,054Interest-bearing deposits
$400,289Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,931Other borrowed funds
$0Subordinated debt
$1,888All other liabilities
$27,380Total equity capital
$27,380Total bank equity capital
$27,380Perpetual preferred stock
$0Common stock
$5Surplus
$16,522Undivided profits
Memoranda
$10,853Noncurrent loans and leases
$22,365Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$788Earning assets
$4Long-term assets (5+ years)
$873Average Assets, year-to-date
$417,306Average Assets, quarterly
$180,128Volatile liabilities
$425,647Insider loans
$435,844FHLB advances
$56,846Loans and leases held for sale
$4,746Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,365Total unused commitments
$114Restructured Loans and leases
$2,426Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$28,482Total interest income
$16,171Total interest expense
$12,311Net interest income
$0Provision for loan and lease losses
$2,388Total noninterest income
$0Fiduciary activities
$2,053Service charges on deposit accounts
$0Trading account gains & fees
$335Additional noninterest income
$10,655Total noninterest expense
$5,747Salaries and employee benefits
$1,978Premises and equipment expense
$2,930Additional noninterest expense
$4,044Pre-tax net operating income
$0Securities gains (losses)
$1,377Applicable income taxes
$2,667Income before extraordinary items
$0Extraordinary gains - net
$2,667Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$146Sale, conversion, retirement of capital stock, net
$900Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
4.04%Cost of funding earning assets
3.08%Net interest margin
0.60%Noninterest income to earning assets
2.66%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
0.95%Pretax return on assets
10.15%Return on equity (ROE)
6.72%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,229Assets per employee
3.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.75%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
307.61%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.48%Net loans and leases to deposits
40.00%Net loans and leases to core deposits
46.62%Equity capital to assets
6.17%Core capital (leverage) ratio
6.19%Tier 1 risk-based capital ratio
12.61%Total risk-based capital ratio
Memoranda
$14Average assets
$425,647Average earning assets
$26,281Average equity
$399,889Average loans
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