Priority Bank in Ozark, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Priority Bank in Ozark, Arkansas (AR)
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Priority Bank - Overview

  • General
  • FDIC Certificate #: 33818
    Status: Active
    Federal Reserve ID: 2059990
    Date Established: July 03, 1993
    WWW: http://www.prioritybank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11025
    FDIC's unique #: 48118
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 03, 1993
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 West Commercial Street, Ozark, AR 72949
    County: Franklin
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900)
    CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $87.3 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $52.6 mil
    Return on assets (ROA): 2.47% ($2.1 mil)
    Quarterly return on assets: 2.06% ($1.8 mil)
    Return on Equity (ROE): 28.72% ($2.0 mil)
    Quarterly return on equity: 24.86% ($1.7 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 2.47% ($2,156.3 mil)
    Quarterly Pretax return on assets: 2.06% ($1,798.4 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, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $87,299Total assets
  • $5,155Cash and due from depository institutions
  • $4,392Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,682Net loans & leases
  • $1,384Loan loss allowance
  • $0Trading account assets
  • $1,412Bank premises and fixed assets
  • $617Other real estate owned
  • $202Goodwill and other intangibles
  • $87,299Life insurance assets
  • $2,231All other assets
  • $80,071Total liabilities and capital
  • $52,609Total liabilities
  • $49,775Total deposits
  • $52,609Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,288Trading liabilities
  • $0Other borrowed funds
  • $174Subordinated debt
  • $7,228All other liabilities
  • $7,228Total equity capital
  • $7,228Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $2,753Surplus
  • $4,475Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,318Income earned, not collected on loans
  • $0Earning assets
  • $416Long-term assets (5+ years)
  • $82,074Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $83,448Volatile liabilities
  • $86,165Insider loans
  • $49,592FHLB advances
  • $87,097Loans and leases held for sale
  • $199Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,390Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,874Total interest income
  • $1,672Total interest expense
  • $4,202Net interest income
  • $857Provision for loan and lease losses
  • $1,570Total noninterest income
  • $0Fiduciary activities
  • $7Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,563Additional noninterest income
  • $2,858Total noninterest expense
  • $1,644Salaries and employee benefits
  • $477Premises and equipment expense
  • $737Additional noninterest expense
  • $2,057Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,057Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,057Net income attributable to bank
  • $0Net charge-offs
  • $2,057Cash dividends
  • $262Sale, conversion, retirement of capital stock, net
  • $1,910Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.48%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 5.35%Net interest margin
  • 2.00%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 2.47%Net operating income to assets
  • 2.47%Return on assets (ROA)
  • 2.47%Pretax return on assets
  • 28.72%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 327.10%Credit loss provision to net charge-offs
  • 11.12%Efficiency ratio
  • 49,515Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.85%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 105.01%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 1.67%Net loans and leases to deposits
  • 147.66%Net loans and leases to core deposits
  • 184.47%Equity capital to assets
  • 8.28%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 12.89%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $83,448Average earning assets
  • $7,162Average equity
  • $78,497Average loans

List of branches

  • 2 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048118Priority Bank400 West Commercial Street, Ozark, AR 72949July 03, 1993Full Service Brick and Mortar
    1499336Fayetteville Branch3401 East Mission Blvd, Fayetteville, AR 72703November 01, 2005Full Service Brick and Mortar

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