Prosperity Bank and Trust Company in Springfield, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 15, 2008

  • Prosperity Bank and Trust Company in Springfield, Virginia (VA)
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Prosperity Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 26875
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Bank and Trust Company (#11579)
    Federal Reserve ID: 698229
    Date Established: October 06, 1986
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 36156
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 06, 1986
    Last Structure Change Effective Date: March 15, 2008
    Last Structure Change Process Date: April 07, 2008
    Last Data Update: April 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 5803 Rolling Road, Springfield, VA 22152
    County: Fairfax
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $139.0 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, 2007)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $138,969Total assets
  • $6,702Cash and due from depository institutions
  • $0Interest-bearing balances
  • $24,087Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,005Net loans & leases
  • $828Loan loss allowance
  • $0Trading account assets
  • $477Bank premises and fixed assets
  • $0Other real estate owned
  • $25,027Goodwill and other intangibles
  • $0Life insurance assets
  • $1,671All other assets
  • $138,969Total liabilities and capital
  • $101,531Total liabilities
  • $94,757Total deposits
  • $56,089Interest-bearing deposits
  • $94,757Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,177Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,597All other liabilities
  • $37,438Total equity capital
  • $37,438Total bank equity capital
  • $37,438Perpetual preferred stock
  • $0Common stock
  • $1,939Surplus
  • $27,422Undivided profits
  • Memoranda
  • $8,077Noncurrent loans and leases
  • $29,763Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $410Earning assets
  • $0Long-term assets (5+ years)
  • $564Average Assets, year-to-date
  • $105,092Average Assets, quarterly
  • $24,717Volatile liabilities
  • $140,520Insider loans
  • $138,428FHLB advances
  • $20,832Loans and leases held for sale
  • $1,756Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,763Total unused commitments
  • $0Restructured Loans and leases
  • $828Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $7,607Total interest income
  • $2,032Total interest expense
  • $5,575Net interest income
  • $0Provision for loan and lease losses
  • $473Total noninterest income
  • $0Fiduciary activities
  • $309Service charges on deposit accounts
  • $0Trading account gains & fees
  • $164Additional noninterest income
  • $4,628Total noninterest expense
  • $1,740Salaries and employee benefits
  • $657Premises and equipment expense
  • $2,231Additional noninterest expense
  • $1,420Pre-tax net operating income
  • -$9Securities gains (losses)
  • $390Applicable income taxes
  • $1,021Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,021Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $573Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.04%Yield on earning assets
  • 1.88%Cost of funding earning assets
  • 5.16%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.28%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 2.76%Return on equity (ROE)
  • 1.21%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 202.86%Efficiency ratio
  • 66,402Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.12%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 201.95%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 85.49%Net loans and leases to core deposits
  • 102.41%Equity capital to assets
  • 26.94%Core capital (leverage) ratio
  • 10.90%Tier 1 risk-based capital ratio
  • 14.04%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $140,520Average earning assets
  • $37,015Average equity
  • $108,093Average loans

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