FDIC Certificate #: 11910 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 527459 Date Established: January 31, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 7607 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 01, 1934 Last Structure Change Effective Date: December 01, 2005 Last Structure Change Process Date: December 13, 2005 Last Data Update: December 13, 2005 Data Source Date: April 05, 2012
Location
Address: 911 North 287-19 Bypass, Grapeland, TX 75844 County: Houston 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
Financial Summary
Total assets: $72.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
19Total employees (full-time equivalent)
$66,971Total assets
$4,347Cash and due from depository institutions
$2,861Interest-bearing balances
$20,902Securities
$275Federal funds sold & reverse repurchase agreements
$38,021Net loans & leases
$210Loan loss allowance
$0Trading account assets
$1,929Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,497All other assets
$66,971Total liabilities and capital
$61,758Total liabilities
$46,348Total deposits
$40,157Interest-bearing deposits
$46,348Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,314Other borrowed funds
$0Subordinated debt
$96All other liabilities
$5,213Total equity capital
$5,213Total bank equity capital
$5,213Perpetual preferred stock
$0Common stock
$360Surplus
$4,640Undivided profits
Memoranda
$213Noncurrent loans and leases
$1,324Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28Earning assets
$0Long-term assets (5+ years)
$371Average Assets, year-to-date
$62,059Average Assets, quarterly
$15,883Volatile liabilities
$65,582Insider loans
$66,216FHLB advances
$11,083Loans and leases held for sale
$1,547Unused loan commitments
$15,262Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,324Total unused commitments
$0Restructured Loans and leases
$210Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$2,992Total interest income
$1,402Total interest expense
$1,590Net interest income
$80Provision for loan and lease losses
$347Total noninterest income
$0Fiduciary activities
$311Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$1,553Total noninterest expense
$819Salaries and employee benefits
$159Premises and equipment expense
$575Additional noninterest expense
$304Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$304Income before extraordinary items
$0Extraordinary gains - net
$304Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$144Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.93%Yield on earning assets
2.31%Cost of funding earning assets
2.62%Net interest margin
0.57%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.46%Pretax return on assets
6.02%Return on equity (ROE)
3.17%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1600.00%Credit loss provision to net charge-offs
76.80%Efficiency ratio
80,176Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.37%Loss allowance to loans
0.55%Loss allowance to noncurrent loans
750.00%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.07%Net loans and leases to deposits
82.03%Net loans and leases to core deposits
107.66%Equity capital to assets
7.78%Core capital (leverage) ratio
8.16%Tier 1 risk-based capital ratio
18.37%Total risk-based capital ratio
Memoranda
$19Average assets
$65,582Average earning assets
$5,046Average equity
$60,693Average loans
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