Platinum Bank in city_name, state_name - Detailed Financial Reports, Location

Platinum Bank in Lubbock, Texas (TX)
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Platinum Bank routing number info

Platinum Bank - Overview

General
FDIC Certificate #: 58608
Status: Active
Federal Reserve ID: 3560747
Bank Holding Company (Regulatory Top Holder): Platinum Bancshares Of Texas, Inc. (RSSDID: 4266840, Location: Lubbock, TX)
Date Established: June 25, 2007
WWW: http://www.platinumbanktexas.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 458271
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 25, 2007
Last Structure Change Effective Date: August 09, 2007
Last Structure Change Process Date: August 09, 2007
Last Data Update: August 09, 2007
Data Source Date: April 05, 2012
Location
Address: 6502 Slide Road, Suite 110, Lubbock, TX 79424
County: Lubbock
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Lubbock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
CBSA Metro Statistical Area: Lubbock, TX (#31180)
History of Changes
Name Change
Change in Geographic Region/Area/Territory/Field Office
Change in Location
Financial Summary
Total assets: $144.4 mil
Equity capital: $18.6 mil
Deposits held in domestic offices: $122.5 mil
Return on assets (ROA): 0.55% ($0.8 mil)
Quarterly return on assets: 0.46% ($0.7 mil)
Return on Equity (ROE): 4.07% ($0.8 mil)
Quarterly return on equity: 3.55% ($0.7 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.55% ($794.1 mil)
Quarterly Pretax return on assets: 0.46% ($664.2 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, 2011)

Dollar figures in thousands
35Total employees (full-time equivalent)
$144,386Total assets
$4,891Cash and due from depository institutions
$1,004Interest-bearing balances
$23,568Securities
$7,250Federal funds sold & reverse repurchase agreements
$93,960Net loans & leases
$2,144Loan loss allowance
$0Trading account assets
$5,962Bank premises and fixed assets
$1,000Other real estate owned
$5,475Goodwill and other intangibles
$144,386Life insurance assets
$2,280All other assets
$125,794Total liabilities and capital
$122,473Total liabilities
$108,021Total deposits
$122,473Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,000Trading liabilities
$0Other borrowed funds
$321Subordinated debt
$18,592All other liabilities
$18,592Total equity capital
$18,592Total bank equity capital
$0Perpetual preferred stock
$17,071Common stock
$1,275Surplus
$246Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,700Income earned, not collected on loans
$0Earning assets
$519Long-term assets (5+ years)
$125,782Average Assets, year-to-date
$35,405Average Assets, quarterly
$127,938Volatile liabilities
$137,869Insider loans
$102,174FHLB advances
$133,073Loans and leases held for sale
$1,098Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,015Tier 2 risk-based capital
$1,098Total risk weighted assets
$0Total unused commitments
$10,779Restructured Loans and leases
$2,205Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,524Total interest income
$1,556Total interest expense
$4,968Net interest income
$327Provision for loan and lease losses
$290Total noninterest income
$0Fiduciary activities
$101Service charges on deposit accounts
$0Trading account gains & fees
$189Additional noninterest income
$4,333Total noninterest expense
$2,315Salaries and employee benefits
$257Premises and equipment expense
$1,761Additional noninterest expense
$598Pre-tax net operating income
$105Securities gains (losses)
$0Applicable income taxes
$703Income before extraordinary items
$0Extraordinary gains - net
$703Net income attributable to bank
$0Net charge-offs
$703Cash dividends
$574Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.83%Yield on earning assets
1.39%Cost of funding earning assets
4.44%Net interest margin
0.26%Noninterest income to earning assets
3.88%Noninterest expense to earning assets
0.47%Net operating income to assets
0.55%Return on assets (ROA)
0.55%Pretax return on assets
4.07%Return on equity (ROE)
4.07%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
56.97%Credit loss provision to net charge-offs
1.61%Efficiency ratio
80,658Assets per employee
4.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.23%Loss allowance to noncurrent loans
45.62%Noncurrent assets plus other real estate owned to assets
3.95%Noncurrent loans to loans
4.89%Net loans and leases to deposits
76.72%Net loans and leases to core deposits
89.32%Equity capital to assets
12.88%Core capital (leverage) ratio
9.78%Tier 1 risk-based capital ratio
12.74%Total risk-based capital ratio
Memoranda
$14Average assets
$127,938Average earning assets
$17,276Average equity
$111,812Average loans

List of branches

2 Texas Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	458271	Platinum Bank	6502 Slide Road, Suite 110, Lubbock, TX 79424	June 25, 2007	Full Service Brick and Mortar
2	518776	Levelland Branch	101 West Highway 114, Levelland, TX 79336	May 02, 2011	Full Service Brick and Mortar

Platinum Bank in Lubbock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Platinum Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Platinum Bank in Lubbock, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

Platinum Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Platinum Bank in Lubbock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches