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

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

No	ID	Name	Address	Established	Service Type	Map
0	48118	Priority Bank	400 West Commercial Street, Ozark, AR 72949	July 03, 1993	Full Service Brick and Mortar
1	499336	Fayetteville Branch	3401 East Mission Blvd, Fayetteville, AR 72703	November 01, 2005	Full Service Brick and Mortar

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

Priority 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:

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

Priority 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:

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