Paradigm Bank Texas in Houston, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2002

  • Paradigm Bank Texas in Houston, Texas (TX)
  • Show street view No street view available for this location

Paradigm Bank Texas - Overview

  • General
  • FDIC Certificate #: 23168
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Prosperity Bank (#16835)
    Federal Reserve ID: 350554
    Date Established: August 04, 1980
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 16233
    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: August 04, 1980
    Last Structure Change Effective Date: September 01, 2002
    Last Structure Change Process Date: October 29, 2002
    Last Data Update: October 29, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 2828 F.M. 1960 East, Houston, TX 77073
    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: $249.4 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
  • 125Total employees (full-time equivalent)
  • $258,380Total assets
  • $20,293Cash and due from depository institutions
  • $5,358Interest-bearing balances
  • $43,652Securities
  • $6,255Federal funds sold & reverse repurchase agreements
  • $169,188Net loans & leases
  • $1,570Loan loss allowance
  • $0Trading account assets
  • $12,256Bank premises and fixed assets
  • $266Other real estate owned
  • $3,310Goodwill and other intangibles
  • $0Life insurance assets
  • $3,160All other assets
  • $258,380Total liabilities and capital
  • $235,117Total liabilities
  • $233,106Total deposits
  • $149,026Interest-bearing deposits
  • $233,106Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,011All other liabilities
  • $23,263Total equity capital
  • $23,263Total bank equity capital
  • $23,263Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $17,588Undivided profits
  • Memoranda
  • $5,075Noncurrent loans and leases
  • $25,668Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,186Earning assets
  • $56Long-term assets (5+ years)
  • $1,468Average Assets, year-to-date
  • $224,453Average Assets, quarterly
  • $40,310Volatile liabilities
  • $235,164Insider loans
  • $256,463FHLB advances
  • $30,738Loans and leases held for sale
  • $2,415Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,668Total unused commitments
  • $0Restructured Loans and leases
  • $1,570Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $15,678Total interest income
  • $5,372Total interest expense
  • $10,306Net interest income
  • $1,009Provision for loan and lease losses
  • $4,527Total noninterest income
  • $0Fiduciary activities
  • $3,563Service charges on deposit accounts
  • $0Trading account gains & fees
  • $964Additional noninterest income
  • $11,967Total noninterest expense
  • $5,632Salaries and employee benefits
  • $2,257Premises and equipment expense
  • $4,078Additional noninterest expense
  • $1,857Pre-tax net operating income
  • $450Securities gains (losses)
  • $636Applicable income taxes
  • $1,671Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,671Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $575Sale, conversion, retirement of capital stock, net
  • $493Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.82%Yield on earning assets
  • 2.68%Cost of funding earning assets
  • 5.14%Net interest margin
  • 2.26%Noninterest income to earning assets
  • 5.97%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 7.32%Return on equity (ROE)
  • 5.16%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 175.48%Credit loss provision to net charge-offs
  • 4.98%Efficiency ratio
  • 79,364Assets per employee
  • 2.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.50%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 132.38%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 72.58%Net loans and leases to core deposits
  • 83.60%Equity capital to assets
  • 9.00%Core capital (leverage) ratio
  • 7.68%Tier 1 risk-based capital ratio
  • 10.49%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $235,164Average earning assets
  • $22,839Average equity
  • $200,438Average 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 Paradigm Bank Texas.
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.
Table of Contents