FDIC Certificate #: 23168 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 350554 Date Established: August 04, 1980 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) FDIC's unique #: 16233 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: August 04, 1980 Last Structure Change Effective Date: September 01, 2002 Last Structure Change Process Date: October 29, 2002 Last Data Update: October 29, 2002 Data Source Date: April 05, 2012
Location
Address: 2828 F.M. 1960 East, Houston, TX 77073 County: Harris 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 Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $249.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2001)
Dollar figures in thousands
125Total employees (full-time equivalent)
$258,380Total assets
$20,293Cash and due from depository institutions
$5,358Interest-bearing balances
$43,652Securities
$6,255Federal funds sold & reverse repurchase agreements
$169,188Net loans & leases
$1,570Loan loss allowance
$0Trading account assets
$12,256Bank premises and fixed assets
$266Other real estate owned
$3,310Goodwill and other intangibles
$0Life insurance assets
$3,160All other assets
$258,380Total liabilities and capital
$235,117Total liabilities
$233,106Total deposits
$149,026Interest-bearing deposits
$233,106Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,011All other liabilities
$23,263Total equity capital
$23,263Total bank equity capital
$23,263Perpetual preferred stock
$0Common stock
$600Surplus
$17,588Undivided profits
Memoranda
$5,075Noncurrent loans and leases
$25,668Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,186Earning assets
$56Long-term assets (5+ years)
$1,468Average Assets, year-to-date
$224,453Average Assets, quarterly
$40,310Volatile liabilities
$235,164Insider loans
$256,463FHLB advances
$30,738Loans and leases held for sale
$2,415Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,668Total unused commitments
$0Restructured Loans and leases
$1,570Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$15,678Total interest income
$5,372Total interest expense
$10,306Net interest income
$1,009Provision for loan and lease losses
$4,527Total noninterest income
$0Fiduciary activities
$3,563Service charges on deposit accounts
$0Trading account gains & fees
$964Additional noninterest income
$11,967Total noninterest expense
$5,632Salaries and employee benefits
$2,257Premises and equipment expense
$4,078Additional noninterest expense
$1,857Pre-tax net operating income
$450Securities gains (losses)
$636Applicable income taxes
$1,671Income before extraordinary items
$0Extraordinary gains - net
$1,671Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$575Sale, conversion, retirement of capital stock, net
$493Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.82%Yield on earning assets
2.68%Cost of funding earning assets
5.14%Net interest margin
2.26%Noninterest income to earning assets
5.97%Noninterest expense to earning assets
0.57%Net operating income to assets
0.71%Return on assets (ROA)
0.98%Pretax return on assets
7.32%Return on equity (ROE)
5.16%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
175.48%Credit loss provision to net charge-offs
4.98%Efficiency ratio
79,364Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.50%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
132.38%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.69%Net loans and leases to deposits
72.58%Net loans and leases to core deposits
83.60%Equity capital to assets
9.00%Core capital (leverage) ratio
7.68%Tier 1 risk-based capital ratio
10.49%Total risk-based capital ratio
Memoranda
$11Average assets
$235,164Average earning assets
$22,839Average equity
$200,438Average loans
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