Providence Bank of Texas in Southlake, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Providence Bank of Texas - Overview

  • General
  • FDIC Certificate #: 58560
    Status: Active
    Federal Reserve ID: 3597677
    Bank Holding Company (Regulatory Top Holder): Providence Bancshares Corporation (RSSDID: 3602133, Location: Southlake, TX)
    Date Established: August 27, 2007
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 456499
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: August 27, 2007
    Last Structure Change Effective Date: July 28, 2010
    Last Structure Change Process Date: July 28, 2010
    Last Data Update: July 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 325 East Southlake Blvd., Southlake, TX 76092
    County: Tarrant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $98.0 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $87.8 mil
    Return on assets (ROA): 1.38% ($1.4 mil)
    Quarterly return on assets: 0.59% ($0.6 mil)
    Return on Equity (ROE): 14.64% ($1.5 mil)
    Quarterly return on equity: 5.77% ($0.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.00% ($979.6 mil)
    Quarterly Pretax return on assets: 0.89% ($871.9 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, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $97,965Total assets
  • $20,773Cash and due from depository institutions
  • $18,431Interest-bearing balances
  • $0Securities
  • $2,835Federal funds sold & reverse repurchase agreements
  • $70,250Net loans & leases
  • $1,003Loan loss allowance
  • $0Trading account assets
  • $2,778Bank premises and fixed assets
  • $114Other real estate owned
  • $0Goodwill and other intangibles
  • $97,965Life insurance assets
  • $1,215All other assets
  • $87,900Total liabilities and capital
  • $87,808Total liabilities
  • $84,832Total deposits
  • $87,808Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $92Subordinated debt
  • $10,065All other liabilities
  • $10,065Total equity capital
  • $10,065Total bank equity capital
  • $0Perpetual preferred stock
  • $8,280Common stock
  • $2,574Surplus
  • $-789Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,655Income earned, not collected on loans
  • $0Earning assets
  • $273Long-term assets (5+ years)
  • $91,516Average Assets, year-to-date
  • $46,609Average Assets, quarterly
  • $100,187Volatile liabilities
  • $98,044Insider loans
  • $72,008FHLB advances
  • $97,540Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,939Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,818Restructured Loans and leases
  • $2,070Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,580Total interest income
  • $1,279Total interest expense
  • $3,301Net interest income
  • $143Provision for loan and lease losses
  • $61Total noninterest income
  • $0Fiduciary activities
  • $29Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $2,220Total noninterest expense
  • $992Salaries and employee benefits
  • $346Premises and equipment expense
  • $882Additional noninterest expense
  • $999Pre-tax net operating income
  • $0Securities gains (losses)
  • -$388Applicable income taxes
  • $1,387Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,387Net income attributable to bank
  • $0Net charge-offs
  • $1,387Cash dividends
  • $253Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 14.64%Return on equity (ROE)
  • 14.64%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 56.52%Credit loss provision to net charge-offs
  • 4.51%Efficiency ratio
  • 66,032Assets per employee
  • 8.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 60.60%Noncurrent assets plus other real estate owned to assets
  • 1.81%Noncurrent loans to loans
  • 2.32%Net loans and leases to deposits
  • 80.00%Net loans and leases to core deposits
  • 92.84%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $100,187Average earning assets
  • $9,471Average equity
  • $92,863Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456499Providence Bank Of Texas325 East Southlake Blvd., Southlake, TX 76092August 27, 2007Full Service Brick and Mortar
    1491085Messenger Service Branch325 East Southlake Blvd., Southlake, TX 76092June 01, 2009Limited Service Messenger

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