The Bank of Navasota, National Association - Overview
General
FDIC Certificate #: 24495 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 950365 Date Established: May 09, 1983 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 #: 17022 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 09, 1983 Last Structure Change Effective Date: September 01, 2007 Last Structure Change Process Date: October 10, 2007 Last Data Update: October 10, 2007 Data Source Date: April 05, 2012
Location
Address: 109 West Washington Avenue, Navasota, TX 77868 County: Grimes 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: $73.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
22Total employees (full-time equivalent)
$73,758Total assets
$5,001Cash and due from depository institutions
$0Interest-bearing balances
$23,051Securities
$8,595Federal funds sold & reverse repurchase agreements
$34,841Net loans & leases
$644Loan loss allowance
$0Trading account assets
$566Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,001Life insurance assets
$1,704All other assets
$73,758Total liabilities and capital
$65,024Total liabilities
$64,050Total deposits
$47,325Interest-bearing deposits
$64,050Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$974All other liabilities
$8,734Total equity capital
$8,734Total bank equity capital
$8,734Perpetual preferred stock
$0Common stock
$830Surplus
$830Undivided profits
Memoranda
$7,074Noncurrent loans and leases
$681Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$725Earning assets
$0Long-term assets (5+ years)
$586Average Assets, year-to-date
$66,487Average Assets, quarterly
$7,435Volatile liabilities
$75,672Insider loans
$74,691FHLB advances
$11,990Loans and leases held for sale
$442Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$681Total unused commitments
$0Restructured Loans and leases
$505Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$4,485Total interest income
$1,130Total interest expense
$3,355Net interest income
$200Provision for loan and lease losses
$784Total noninterest income
$0Fiduciary activities
$590Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$2,325Total noninterest expense
$1,270Salaries and employee benefits
$254Premises and equipment expense
$801Additional noninterest expense
$1,614Pre-tax net operating income
$0Securities gains (losses)
$483Applicable income taxes
$1,131Income before extraordinary items
$0Extraordinary gains - net
$1,131Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$286Sale, conversion, retirement of capital stock, net
$415Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.63%Yield on earning assets
1.67%Cost of funding earning assets
4.96%Net interest margin
1.16%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.49%Net operating income to assets
1.49%Return on assets (ROA)
2.13%Pretax return on assets
13.41%Return on equity (ROE)
8.49%Retained earnings to average equity (YTD only)
0.79%Net charge-offs to loans
69.93%Credit loss provision to net charge-offs
6.34%Efficiency ratio
56,173Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.69%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
88.83%Noncurrent assets plus other real estate owned to assets
0.98%Noncurrent loans to loans
2.04%Net loans and leases to deposits
54.40%Net loans and leases to core deposits
66.92%Equity capital to assets
11.84%Core capital (leverage) ratio
11.89%Tier 1 risk-based capital ratio
22.16%Total risk-based capital ratio
Memoranda
$23Average assets
$75,672Average earning assets
$8,433Average equity
$67,624Average loans
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