Southern National Bank of Texas in Sugar Land, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2006

  • Southern National Bank of Texas in Sugar Land, Texas (TX)
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Southern National Bank of Texas - Overview

  • General
  • FDIC Certificate #: 25862
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Prosperity Bank (#16835)
    Federal Reserve ID: 195353
    Date Established: January 14, 1985
    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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