FDIC Certificate #: 25862 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 195353 Date Established: January 14, 1985 WWW:http://www.snbtx.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) OTS Docket #: 9397 FDIC's unique #: 32101 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 14, 1985 Last Structure Change Effective Date: April 01, 2006 Last Structure Change Process Date: May 16, 2006 Last Data Update: May 16, 2006 Data Source Date: April 05, 2012
Location
Address: 14060 Southwest Freeway, Sugar Land, TX 77478 County: Fort Bend Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Houston Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
Financial Summary
Total assets: $880.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
166Total employees (full-time equivalent)
$1,035,835Total assets
$68,501Cash and due from depository institutions
$18,376Interest-bearing balances
$260,779Securities
$17,495Federal funds sold & reverse repurchase agreements
$645,852Net loans & leases
$6,965Loan loss allowance
$0Trading account assets
$22,138Bank premises and fixed assets
$1,275Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$19,795All other assets
$1,035,835Total liabilities and capital
$930,554Total liabilities
$900,336Total deposits
$739,240Interest-bearing deposits
$900,336Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$25,952Other borrowed funds
$0Subordinated debt
$4,266All other liabilities
$105,281Total equity capital
$105,281Total bank equity capital
$105,281Perpetual preferred stock
$0Common stock
$6,178Surplus
$82,684Undivided profits
Memoranda
$16,419Noncurrent loans and leases
$123,317Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,866Earning assets
$0Long-term assets (5+ years)
$3,820Average Assets, year-to-date
$942,502Average Assets, quarterly
$232,517Volatile liabilities
$1,092,060Insider loans
$1,077,946FHLB advances
$222,906Loans and leases held for sale
$745Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$37,613Total risk weighted assets
$123,317Total unused commitments
$1,471Restructured Loans and leases
$6,965Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$60,061Total interest income
$24,664Total interest expense
$35,397Net interest income
$10,351Provision for loan and lease losses
$1,656Total noninterest income
$0Fiduciary activities
$1,226Service charges on deposit accounts
$0Trading account gains & fees
$430Additional noninterest income
$20,240Total noninterest expense
$11,416Salaries and employee benefits
$2,908Premises and equipment expense
$5,916Additional noninterest expense
$6,462Pre-tax net operating income
-$13,649Securities gains (losses)
-$2,444Applicable income taxes
-$4,743Income before extraordinary items
$0Extraordinary gains - net
-$4,743Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11,507Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
2.41%Cost of funding earning assets
3.47%Net interest margin
0.16%Noninterest income to earning assets
1.98%Noninterest expense to earning assets
0.39%Net operating income to assets
-0.43%Return on assets (ROA)
-0.66%Pretax return on assets
-4.43%Return on equity (ROE)
-4.43%Retained earnings to average equity (YTD only)
1.80%Net charge-offs to loans
89.95%Credit loss provision to net charge-offs
1.46%Efficiency ratio
54,624Assets per employee
6.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
70.60%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
1.51%Net loans and leases to deposits
71.73%Net loans and leases to core deposits
91.82%Equity capital to assets
10.16%Core capital (leverage) ratio
9.49%Tier 1 risk-based capital ratio
14.77%Total risk-based capital ratio
Memoranda
$16Average assets
$1,092,060Average earning assets
$107,141Average equity
$1,021,432Average loans
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