FDIC Certificate #: 34448 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 2611044 Date Established: Febuary 26, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 57212 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: Febuary 26, 1998 Last Structure Change Effective Date: November 01, 2002 Last Structure Change Process Date: January 31, 2003 Last Data Update: January 31, 2003 Data Source Date: April 05, 2012
Location
Address: 1700 Sixth Street, Bay City, TX 77414 County: Matagorda 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 Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Bay City, TX (#13060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $27.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
15Total employees (full-time equivalent)
$27,639Total assets
$2,697Cash and due from depository institutions
$490Interest-bearing balances
$13,265Securities
$1,445Federal funds sold & reverse repurchase agreements
$8,985Net loans & leases
$137Loan loss allowance
$0Trading account assets
$739Bank premises and fixed assets
$125Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$383All other assets
$27,639Total liabilities and capital
$24,312Total liabilities
$24,095Total deposits
$17,402Interest-bearing deposits
$24,095Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$217All other liabilities
$3,327Total equity capital
$3,327Total bank equity capital
$3,327Perpetual preferred stock
$0Common stock
$1,556Surplus
$1,556Undivided profits
Memoranda
$215Noncurrent loans and leases
$90Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$155Earning assets
$0Long-term assets (5+ years)
$212Average Assets, year-to-date
$24,185Average Assets, quarterly
$7,784Volatile liabilities
$26,884Insider loans
$27,544FHLB advances
$3,260Loans and leases held for sale
$200Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$90Total unused commitments
$0Restructured Loans and leases
$137Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,665Total interest income
$610Total interest expense
$1,055Net interest income
$276Provision for loan and lease losses
$532Total noninterest income
$0Fiduciary activities
$487Service charges on deposit accounts
$0Trading account gains & fees
$45Additional noninterest income
$1,257Total noninterest expense
$604Salaries and employee benefits
$163Premises and equipment expense
$490Additional noninterest expense
$54Pre-tax net operating income
$18Securities gains (losses)
$25Applicable income taxes
$47Income before extraordinary items
$0Extraordinary gains - net
$47Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$212Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.07%Yield on earning assets
2.59%Cost of funding earning assets
4.48%Net interest margin
2.26%Noninterest income to earning assets
5.33%Noninterest expense to earning assets
0.13%Net operating income to assets
0.17%Return on assets (ROA)
0.27%Pretax return on assets
1.43%Return on equity (ROE)
1.43%Retained earnings to average equity (YTD only)
2.43%Net charge-offs to loans
130.19%Credit loss provision to net charge-offs
1.56%Efficiency ratio
79,206Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
88.39%Noncurrent assets plus other real estate owned to assets
1.01%Noncurrent loans to loans
1.70%Net loans and leases to deposits
37.29%Net loans and leases to core deposits
43.12%Equity capital to assets
12.04%Core capital (leverage) ratio
11.28%Tier 1 risk-based capital ratio
24.53%Total risk-based capital ratio
Memoranda
$26Average assets
$26,884Average earning assets
$3,284Average equity
$23,566Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First National Bank of Bay City.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: