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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    0458271Platinum Bank6502 Slide Road, Suite 110, Lubbock, TX 79424June 25, 2007Full Service Brick and Mortar
    2518776Levelland Branch101 West Highway 114, Levelland, TX 79336May 02, 2011Full Service Brick and Mortar

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