Prospect Bank in Columbus, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 03, 2004

  • Prospect Bank in Columbus, Ohio (OH)
  • Show street view No street view available for this location

Prospect Bank - Overview

  • General
  • FDIC Certificate #: 35184
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Sky Bank (#5982)
    Federal Reserve ID: 2831619
    Date Established: August 25, 1999
    WWW: http://www.prospectbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 75657
    Numeric code: 13
    Regulator: FED
    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 25, 1999
    Last Structure Change Effective Date: December 03, 2004
    Last Structure Change Process Date: December 29, 2004
    Last Data Update: December 29, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1600 Bethel Road, Columbus, OH 43220
    County: Franklin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Columbus, OH (#1840)
    Combined Statistical Area (CSA): Columbus-Marion-Chillicothe, OH (#198)
    Core Based Statistical Area (CBSA): Columbus, OH (#18140)
    CBSA Metro Statistical Area: Columbus, OH (#18140)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $210.9 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, 2003)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $186,860Total assets
  • $5,645Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,514Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,935Net loans & leases
  • $1,949Loan loss allowance
  • $0Trading account assets
  • $3,130Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,636All other assets
  • $186,860Total liabilities and capital
  • $172,727Total liabilities
  • $155,979Total deposits
  • $144,550Interest-bearing deposits
  • $155,979Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,500Other borrowed funds
  • $0Subordinated debt
  • $1,248All other liabilities
  • $14,133Total equity capital
  • $14,133Total bank equity capital
  • $14,133Perpetual preferred stock
  • $0Common stock
  • $613Surplus
  • $11,862Undivided profits
  • Memoranda
  • $1,658Noncurrent loans and leases
  • $42,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $528Earning assets
  • $0Long-term assets (5+ years)
  • $723Average Assets, year-to-date
  • $176,449Average Assets, quarterly
  • $7,542Volatile liabilities
  • $166,656Insider loans
  • $181,713FHLB advances
  • $33,642Loans and leases held for sale
  • $4,322Unused loan commitments
  • $15,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $925Total risk weighted assets
  • $42,252Total unused commitments
  • $0Restructured Loans and leases
  • $1,879Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $9,427Total interest income
  • $3,365Total interest expense
  • $6,062Net interest income
  • $576Provision for loan and lease losses
  • $657Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $522Additional noninterest income
  • $3,566Total noninterest expense
  • $2,245Salaries and employee benefits
  • $381Premises and equipment expense
  • $940Additional noninterest expense
  • $2,577Pre-tax net operating income
  • $0Securities gains (losses)
  • $876Applicable income taxes
  • $1,701Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,701Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $39Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.95%Yield on earning assets
  • 2.12%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.25%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 13.63%Return on equity (ROE)
  • 13.63%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1476.92%Credit loss provision to net charge-offs
  • 80.85%Efficiency ratio
  • 53,073Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 369.13%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 112.15%Net loans and leases to core deposits
  • 128.78%Equity capital to assets
  • 7.56%Core capital (leverage) ratio
  • 7.83%Tier 1 risk-based capital ratio
  • 9.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $166,656Average earning assets
  • $12,483Average equity
  • $158,533Average loans

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