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

This bank is inactive as of June 24, 2000

  • Prime Bank in Houston, Texas (TX)
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Prime Bank - Overview

  • General
  • FDIC Certificate #: 17835
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 876652
    Date Established: January 31, 1958
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Interstate: No)
    OTS Docket #: 15913
    FDIC's unique #: 11779
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 31, 1958
    Last Structure Change Effective Date: June 24, 2000
    Last Structure Change Process Date: July 25, 2000
    Last Data Update: July 25, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 12200 Northwest Freeway, Houston, TX 77092
    County: Harris
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    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: $1,350.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 460Total employees (full-time equivalent)
  • $1,207,423Total assets
  • $49,866Cash and due from depository institutions
  • $30Interest-bearing balances
  • $490,401Securities
  • $28,839Federal funds sold & reverse repurchase agreements
  • $607,282Net loans & leases
  • $6,654Loan loss allowance
  • $0Trading account assets
  • $16,797Bank premises and fixed assets
  • $674Other real estate owned
  • $4,033Goodwill and other intangibles
  • $0Life insurance assets
  • $9,531All other assets
  • $1,207,423Total liabilities and capital
  • $1,114,397Total liabilities
  • $991,847Total deposits
  • $800,873Interest-bearing deposits
  • $991,847Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $18,810Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $100,000Other borrowed funds
  • $0Subordinated debt
  • $3,740All other liabilities
  • $93,026Total equity capital
  • $93,026Total bank equity capital
  • $93,026Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $42,000Undivided profits
  • Memoranda
  • $49,026Noncurrent loans and leases
  • $78,027Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,107Earning assets
  • $34Long-term assets (5+ years)
  • $2,936Average Assets, year-to-date
  • $1,126,552Average Assets, quarterly
  • $482,946Volatile liabilities
  • $1,174,430Insider loans
  • $1,202,923FHLB advances
  • $208,617Loans and leases held for sale
  • $1,090Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $77,972Total unused commitments
  • $0Restructured Loans and leases
  • $6,654Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $82,581Total interest income
  • $36,342Total interest expense
  • $46,239Net interest income
  • $1,287Provision for loan and lease losses
  • $9,981Total noninterest income
  • $0Fiduciary activities
  • $7,931Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,050Additional noninterest income
  • $32,106Total noninterest expense
  • $19,896Salaries and employee benefits
  • $4,384Premises and equipment expense
  • $7,826Additional noninterest expense
  • $22,827Pre-tax net operating income
  • $0Securities gains (losses)
  • $7,912Applicable income taxes
  • $14,915Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,915Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $817Sale, conversion, retirement of capital stock, net
  • $9,750Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.45%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 16.90%Return on equity (ROE)
  • 5.85%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 157.53%Credit loss provision to net charge-offs
  • 29.52%Efficiency ratio
  • 56,297Assets per employee
  • 2.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.37%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 601.08%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 61.23%Net loans and leases to core deposits
  • 75.72%Equity capital to assets
  • 7.70%Core capital (leverage) ratio
  • 7.45%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,174,430Average earning assets
  • $88,264Average equity
  • $1,108,310Average loans

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