FDIC Certificate #: 10713 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 592354 Date Established: January 19, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 6873 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 15, 1934 Last Structure Change Effective Date: October 01, 1998 Last Structure Change Process Date: Febuary 17, 1999 Last Data Update: Febuary 17, 1999 Data Source Date: April 05, 2012
Location
Address: 700 Church Street, East Bernard, TX 77435 County: Wharton 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 Core Based Statistical Area (CBSA): El Campo, TX (#20900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $79.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
22Total employees (full-time equivalent)
$78,699Total assets
$2,514Cash and due from depository institutions
$0Interest-bearing balances
$48,817Securities
$6,300Federal funds sold & reverse repurchase agreements
$19,789Net loans & leases
$649Loan loss allowance
$0Trading account assets
$187Bank premises and fixed assets
$141Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$951All other assets
$78,699Total liabilities and capital
$66,444Total liabilities
$66,144Total deposits
$57,594Interest-bearing deposits
$66,144Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$300All other liabilities
$12,255Total equity capital
$12,255Total bank equity capital
$12,255Perpetual preferred stock
$0Common stock
$700Surplus
$3,300Undivided profits
Memoranda
$8,255Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22Earning assets
$0Long-term assets (5+ years)
$313Average Assets, year-to-date
$74,906Average Assets, quarterly
$10,612Volatile liabilities
$77,483Insider loans
$78,578FHLB advances
$9,793Loans and leases held for sale
$756Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,818Total unused commitments
$0Restructured Loans and leases
$29,522Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,197Total interest income
$2,502Total interest expense
$2,695Net interest income
-$75Provision for loan and lease losses
$320Total noninterest income
$0Fiduciary activities
$219Service charges on deposit accounts
$0Trading account gains & fees
$101Additional noninterest income
$1,502Total noninterest expense
$971Salaries and employee benefits
$106Premises and equipment expense
$425Additional noninterest expense
$1,588Pre-tax net operating income
$0Securities gains (losses)
$422Applicable income taxes
$1,166Income before extraordinary items
$0Extraordinary gains - net
$1,166Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$22Sale, conversion, retirement of capital stock, net
$420Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.04%Yield on earning assets
3.39%Cost of funding earning assets
3.65%Net interest margin
0.43%Noninterest income to earning assets
2.03%Noninterest expense to earning assets
1.50%Net operating income to assets
1.50%Return on assets (ROA)
2.05%Pretax return on assets
9.83%Return on equity (ROE)
6.29%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
340.91%Credit loss provision to net charge-offs
0.00%Efficiency ratio
49,818Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.02%Loss allowance to loans
3.18%Loss allowance to noncurrent loans
2950.00%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.11%Net loans and leases to deposits
29.92%Net loans and leases to core deposits
35.12%Equity capital to assets
15.57%Core capital (leverage) ratio
15.58%Tier 1 risk-based capital ratio
42.00%Total risk-based capital ratio
Memoranda
$43Average assets
$77,483Average earning assets
$11,867Average equity
$73,815Average loans
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