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)
  • Show street view No street view available for this location

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

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 Prosperity Bank and Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents