FDIC Certificate #: 26624 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 920863 Date Established: April 03, 1986 WWW:http://www.mainbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 11551 FDIC's unique #: 35348 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: April 03, 1986 Last Structure Change Effective Date: November 01, 2003 Last Structure Change Process Date: November 24, 2003 Last Data Update: November 24, 2003 Data Source Date: April 05, 2012
Location
Address: 333 West Kiest Boulevard, Dallas, TX 75224 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
Financial Summary
Total assets: $177.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
98Total employees (full-time equivalent)
$200,639Total assets
$11,201Cash and due from depository institutions
$50Interest-bearing balances
$30,356Securities
$26,204Federal funds sold & reverse repurchase agreements
$119,249Net loans & leases
$2,876Loan loss allowance
$0Trading account assets
$6,517Bank premises and fixed assets
$1,153Other real estate owned
$3,873Goodwill and other intangibles
$0Life insurance assets
$2,086All other assets
$200,639Total liabilities and capital
$178,166Total liabilities
$177,424Total deposits
$127,609Interest-bearing deposits
$177,424Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$742All other liabilities
$22,473Total equity capital
$22,473Total bank equity capital
$22,473Perpetual preferred stock
$0Common stock
$1,000Surplus
$17,042Undivided profits
Memoranda
$4,431Noncurrent loans and leases
$7,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,536Earning assets
$668Long-term assets (5+ years)
$808Average Assets, year-to-date
$175,859Average Assets, quarterly
$10,044Volatile liabilities
$204,201Insider loans
$205,858FHLB advances
$13,362Loans and leases held for sale
$3,523Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,401Total unused commitments
$0Restructured Loans and leases
$1,522Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$11,264Total interest income
$3,165Total interest expense
$8,099Net interest income
$1,129Provision for loan and lease losses
$3,139Total noninterest income
$0Fiduciary activities
$2,955Service charges on deposit accounts
$0Trading account gains & fees
$184Additional noninterest income
$10,207Total noninterest expense
$4,305Salaries and employee benefits
$1,515Premises and equipment expense
$4,387Additional noninterest expense
-$98Pre-tax net operating income
$14Securities gains (losses)
-$84Applicable income taxes
$0Income before extraordinary items
$0Extraordinary gains - net
$0Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$924Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.29%Yield on earning assets
1.77%Cost of funding earning assets
4.52%Net interest margin
1.75%Noninterest income to earning assets
5.70%Noninterest expense to earning assets
-0.00%Net operating income to assets
0.00%Return on assets (ROA)
-0.04%Pretax return on assets
0.00%Return on equity (ROE)
-0.44%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
122.19%Credit loss provision to net charge-offs
1.12%Efficiency ratio
90,826Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.35%Loss allowance to noncurrent loans
113.41%Noncurrent assets plus other real estate owned to assets
1.52%Noncurrent loans to loans
2.08%Net loans and leases to deposits
67.21%Net loans and leases to core deposits
72.69%Equity capital to assets
11.20%Core capital (leverage) ratio
9.53%Tier 1 risk-based capital ratio
15.39%Total risk-based capital ratio
Memoranda
$17Average assets
$204,201Average earning assets
$22,670Average equity
$179,106Average loans
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