Prosperity Bank in Saint Augustine, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Prosperity Bank - Overview

  • General
  • FDIC Certificate #: 24963
    Status: Active
    Federal Reserve ID: 879532
    Bank Holding Company (Regulatory Top Holder): Prosperity Banking Company, The (RSSDID: 2293329, Location: Saint Augustine, FL)
    Date Established: Febuary 15, 1984
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: No)
    OTS Docket #: 14350
    FDIC's unique #: 17295
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 15, 1984
    Last Structure Change Effective Date: August 19, 2010
    Last Structure Change Process Date: September 01, 2010
    Last Data Update: September 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South Park Boulevard, Saint Augustine, FL 32086
    County: St. Johns
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • Financial Summary
  • Total assets: $779.3 mil
    Equity capital: $60.5 mil
    Deposits held in domestic offices: $533.6 mil
    Return on assets (ROA): 0.00% ($0.0 mil)
    Quarterly return on assets: -0.24% (-$1.9 mil)
    Return on Equity (ROE): 0.04% ($0.0 mil)
    Quarterly return on equity: -3.16% (-$1.9 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -0.01% (-$77.9 mil)
    Quarterly Pretax return on assets: -0.41% (-$3,195.0 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
  • 178Total employees (full-time equivalent)
  • $779,271Total assets
  • $41,319Cash and due from depository institutions
  • $34,108Interest-bearing balances
  • $176,543Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $470,711Net loans & leases
  • $10,952Loan loss allowance
  • $0Trading account assets
  • $41,436Bank premises and fixed assets
  • $18,847Other real estate owned
  • $485Goodwill and other intangibles
  • $779,271Life insurance assets
  • $29,930All other assets
  • $718,726Total liabilities and capital
  • $533,648Total liabilities
  • $402,511Total deposits
  • $533,648Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 11984.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $165,000Trading liabilities
  • $5,000Other borrowed funds
  • $3,094Subordinated debt
  • $60,545All other liabilities
  • $60,545Total equity capital
  • $60,545Total bank equity capital
  • $0Perpetual preferred stock
  • $4,420Common stock
  • $49,265Surplus
  • $6,860Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,576Income earned, not collected on loans
  • $0Earning assets
  • $2,317Long-term assets (5+ years)
  • $681,362Average Assets, year-to-date
  • $397,706Average Assets, quarterly
  • $810,260Volatile liabilities
  • $790,116Insider loans
  • $509,045FHLB advances
  • $773,225Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $47,781Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,973Restructured Loans and leases
  • $3,309Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,558Total interest income
  • $8,738Total interest expense
  • $26,820Net interest income
  • $5,261Provision for loan and lease losses
  • $2,765Total noninterest income
  • $0Fiduciary activities
  • $5,379Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,614Additional noninterest income
  • $24,705Total noninterest expense
  • $10,917Salaries and employee benefits
  • $3,865Premises and equipment expense
  • $9,923Additional noninterest expense
  • -$381Pre-tax net operating income
  • $291Securities gains (losses)
  • -$113Applicable income taxes
  • $23Income before extraordinary items
  • $0Extraordinary gains - net
  • $23Net income attributable to bank
  • $0Net charge-offs
  • $23Cash dividends
  • $9,857Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • -0.02%Net operating income to assets
  • 0.00%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • 0.04%Return on equity (ROE)
  • 0.04%Retained earnings to average equity (YTD only)
  • 1.92%Net charge-offs to loans
  • 53.37%Credit loss provision to net charge-offs
  • 0.50%Efficiency ratio
  • 83,292Assets per employee
  • 4.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.27%Loss allowance to noncurrent loans
  • 103.56%Noncurrent assets plus other real estate owned to assets
  • 3.79%Noncurrent loans to loans
  • 2.20%Net loans and leases to deposits
  • 88.21%Net loans and leases to core deposits
  • 88.87%Equity capital to assets
  • 7.77%Core capital (leverage) ratio
  • 6.18%Tier 1 risk-based capital ratio
  • 9.39%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $810,260Average earning assets
  • $58,887Average equity
  • $703,039Average loans

List of branches

  • 16 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017295Prosperity Bank100 South Park Boulevard, Saint Augustine, FL 32086Febuary 15, 1984Full Service Brick and Mortar
    1257757Beach Office2060 State Road 3, Saint Augustine, FL 32084August 06, 1987Full Service Brick and Mortar
    3257759Mandarin Office12689 San Jose Boulevard, Jacksonville, FL 32223November 01, 1997Full Service Brick and Mortar
    4257760Palm Coast Branch181 Cypress Point Parkway, Palm Coast, FL 32137July 01, 1997Full Service Brick and Mortar
    5257761Moultrie Office4070 U S 1 South, St. Augustine, FL 32086Febuary 01, 1998Full Service Brick and Mortar
    811533Palatka Branch601 Reid Street, Palatka, FL 32177March 07, 1956Full Service Brick and Mortar
    12364414Ormond Beach Branch1259 West Granada Boulevard, Ormond Beach, FL 32174May 29, 2001Full Service Brick and Mortar
    13365554Deland Branch999 West Plymouth Avenue, Deland, FL 32720September 26, 2002Full Service Brick and Mortar
    19432258Callaway Branch805 South Tyndall Parkway, Panama City, FL 32404September 28, 2004Full Service Brick and Mortar
    20432259Palatka Westside Branch100 North Highway 19, Palatka, FL 32177September 28, 2004Full Service Brick and Mortar
    23447877Lynn Haven Branch2606 South Highway 77, Lynn Haven, FL 32444Febuary 13, 2006Full Service Brick and Mortar
    24451755North Ponce De Leon Branch790 North Ponce De Leon Boulevard, Saint Augustine, FL 32084May 25, 2006Full Service Brick and Mortar
    25470112Panama City Beach Branch11790 Panama City Beach Parkway, Panama City Beach, FL 32407June 18, 2007Full Service Brick and Mortar
    26475438Beach & Hodges Branch3293 Hodges Boulevard, Jacksonville, FL 32224May 19, 2008Full Service Brick and Mortar
    28478827Panama City Branch450 23rd Street East, Panama City, FL 32405Febuary 11, 2008Full Service Brick and Mortar
    29493427Lake City Branch295 Nw Commons Loop, Suite 101, Lake City, FL 32055September 29, 2008Full Service Brick and Mortar

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