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
    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
  • 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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Prospect Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents