FDIC Certificate #: 35048 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 2799250 Date Established: April 14, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 74352 Numeric code: 21 Regulator: FDIC 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: April 14, 1999 Last Structure Change Effective Date: June 01, 2008 Last Structure Change Process Date: June 11, 2008 Last Data Update: June 11, 2008 Data Source Date: April 05, 2012
Location
Address: 2310 Yale, Houston, TX 77008 County: Harris 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: $313.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
45Total employees (full-time equivalent)
$302,965Total assets
$9,827Cash and due from depository institutions
$590Interest-bearing balances
$53,318Securities
$42,250Federal funds sold & reverse repurchase agreements
$190,693Net loans & leases
$2,094Loan loss allowance
$0Trading account assets
$3,315Bank premises and fixed assets
$400Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,162All other assets
$302,965Total liabilities and capital
$275,574Total liabilities
$273,836Total deposits
$205,703Interest-bearing deposits
$273,836Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,738All other liabilities
$27,391Total equity capital
$27,391Total bank equity capital
$27,391Perpetual preferred stock
$0Common stock
$5,652Surplus
$7,228Undivided profits
Memoranda
$14,511Noncurrent loans and leases
$39,242Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$204Earning assets
$0Long-term assets (5+ years)
$1,786Average Assets, year-to-date
$286,851Average Assets, quarterly
$31,241Volatile liabilities
$303,329Insider loans
$304,120FHLB advances
$106,565Loans and leases held for sale
$6,013Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$39,242Total unused commitments
$0Restructured Loans and leases
$2,094Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$21,017Total interest income
$8,983Total interest expense
$12,034Net interest income
$75Provision for loan and lease losses
$722Total noninterest income
$0Fiduciary activities
$603Service charges on deposit accounts
$0Trading account gains & fees
$119Additional noninterest income
$5,437Total noninterest expense
$3,215Salaries and employee benefits
$545Premises and equipment expense
$1,677Additional noninterest expense
$7,244Pre-tax net operating income
$0Securities gains (losses)
$2,467Applicable income taxes
$4,777Income before extraordinary items
$0Extraordinary gains - net
$4,777Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$90Sale, conversion, retirement of capital stock, net
$1,792Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.35%Yield on earning assets
3.14%Cost of funding earning assets
4.21%Net interest margin
0.25%Noninterest income to earning assets
1.90%Noninterest expense to earning assets
1.57%Net operating income to assets
1.57%Return on assets (ROA)
2.39%Pretax return on assets
18.40%Return on equity (ROE)
11.50%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
83.33%Credit loss provision to net charge-offs
81.32%Efficiency ratio
42,623Assets per employee
6.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.51%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
1026.47%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.11%Net loans and leases to deposits
69.64%Net loans and leases to core deposits
114.00%Equity capital to assets
9.04%Core capital (leverage) ratio
8.81%Tier 1 risk-based capital ratio
13.75%Total risk-based capital ratio
Memoranda
$15Average assets
$303,329Average earning assets
$25,959Average equity
$286,137Average loans
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