Prosperity Bank in Saint Augustine, Florida (FL)



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Prosperity Bank routing number info

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Prosperity Bank
GeneralFDIC 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
WWW: http://www.prosperitybank.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)178
Total assets$779,271
Cash and due from depository institutions$41,319
Interest-bearing balances$34,108
Securities$176,543
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$470,711
Loan loss allowance $10,952
Trading account assets$0
Bank premises and fixed assets$41,436
Other real estate owned$18,847
Goodwill and other intangibles$485
All other assets$29,930
Life insurance assets$779,271
Total liabilities and capital$718,726
Total liabilities$533,648
Total deposits$402,511
Interest-bearing deposits$533,648
Deposits held in domestic offices$96
% insured (estimated)11984.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$165,000
Other borrowed funds $5,000
Subordinated debt $3,094
All other liabilities $60,545
Total equity capital$60,545
Total bank equity capital$60,545
Perpetual preferred stock$0
Common stock$4,420
Surplus$49,265
Undivided profits $6,860
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $10,576
Earning assets $0
Long-term assets (5+ years) $2,317
Average Assets, year-to-date $681,362
Average Assets, quarterly $397,706
Volatile liabilities $810,260
Insider loans $790,116
FHLB advances $509,045
Loans and leases held for sale $773,225
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $47,781
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $30,973
Derivatives$3,309
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $35,558
Total interest expense $8,738
Net interest income $26,820
Provision for loan and lease losses $5,261
Total noninterest income $2,765
Fiduciary activities $0
Service charges on deposit accounts $5,379
Trading account gains & fees $0
Additional noninterest income -$2,614
Total noninterest expense $24,705
Salaries and employee benefits $10,917
Premises and equipment expense $3,865
Additional noninterest expense $9,923
Pre-tax net operating income -$381
Securities gains (losses) $291
Applicable income taxes -$113
Income before extraordinary items $23
Extraordinary gains - net $0
Net income attributable to bank $23
Net charge-offs $0
Cash dividends $23
Sale, conversion, retirement of capital stock, net $9,857
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.06%
Cost of funding earning assets 1.24%
Net interest margin 3.81%
Noninterest income to earning assets 0.39%
Noninterest expense to earning assets 3.51%
Net operating income to assets -0.02%
Return on assets (ROA) 0.00%
Pretax return on assets -0.01%
Return on equity (ROE) 0.04%
Retained earnings to average equity (YTD only) 0.04%
Net charge-offs to loans 1.92%
Credit loss provision to net charge-offs 53.37%
Efficiency ratio0.50%
Assets per employee$83,292
Cash dividends to net income (YTD only)4.38%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.27%
Noncurrent assets plus other real estate owned to assets 103.56%
Noncurrent loans to loans 3.79%
Net loans and leases to deposits2.20%
Net loans and leases to core deposits 88.21%
Equity capital to assets 88.87%
Core capital (leverage) ratio 7.77%
Tier 1 risk-based capital ratio 6.18%
Total risk-based capital ratio 9.39%
Memoranda
Average assets$11
Average earning assets$810,260
Average equity $58,887
Average loans $703,039
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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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