FDIC Certificate #: 11930 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prosperity Bank (#16835) Federal Reserve ID: 771663 Date Established: January 01, 1918 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 7617 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: July 12, 2002 Last Structure Change Process Date: October 25, 2002 Last Data Update: October 25, 2002 Data Source Date: April 05, 2012
Location
Address: 9022 Main Street, Needville, TX 77461 County: Fort Bend 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: $16.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$17,754Total assets
$1,515Cash and due from depository institutions
$575Interest-bearing balances
$5,936Securities
$4,850Federal funds sold & reverse repurchase agreements
$4,919Net loans & leases
$88Loan loss allowance
$0Trading account assets
$182Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$352All other assets
$17,754Total liabilities and capital
$15,600Total liabilities
$15,375Total deposits
$6,354Interest-bearing deposits
$15,375Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$225All other liabilities
$2,154Total equity capital
$2,154Total bank equity capital
$2,154Perpetual preferred stock
$0Common stock
$200Surplus
$400Undivided profits
Memoranda
$1,554Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6Earning assets
$0Long-term assets (5+ years)
$172Average Assets, year-to-date
$16,280Average Assets, quarterly
$2,872Volatile liabilities
$16,816Insider loans
$17,503FHLB advances
$1,128Loans and leases held for sale
$239Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$88Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,084Total interest income
$206Total interest expense
$878Net interest income
$0Provision for loan and lease losses
$191Total noninterest income
$0Fiduciary activities
$162Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$944Total noninterest expense
$530Salaries and employee benefits
$100Premises and equipment expense
$314Additional noninterest expense
$125Pre-tax net operating income
$0Securities gains (losses)
$28Applicable income taxes
$97Income before extraordinary items
$0Extraordinary gains - net
$97Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.21%Yield on earning assets
1.37%Cost of funding earning assets
5.84%Net interest margin
1.27%Noninterest income to earning assets
6.28%Noninterest expense to earning assets
0.58%Net operating income to assets
0.58%Return on assets (ROA)
0.74%Pretax return on assets
4.43%Return on equity (ROE)
0.78%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,307Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.47%Loss allowance to loans
1.76%Loss allowance to noncurrent loans
1466.67%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.12%Net loans and leases to deposits
31.99%Net loans and leases to core deposits
34.53%Equity capital to assets
12.13%Core capital (leverage) ratio
11.92%Tier 1 risk-based capital ratio
23.97%Total risk-based capital ratio
Memoranda
$25Average assets
$16,816Average earning assets
$2,192Average equity
$15,041Average loans
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