Prosperity Bank in Saint Augustine, Florida (FL)
| Prosperity Bank | |
|---|---|
| General | FDIC Certificate #: 24963 Status: Active Federal Reserve ID: 879532 Bank Holding Company (Regulatory Top Holder): Prosperity Banking Company, The (RSSDID: 2293329, Location: Saint Augustine, FL) Date Established: Febuary 15, 1984 WWW: http://www.prosperitybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 18 (Domestic: 18, Interstate: No) OTS Docket #: 14350 FDIC's unique #: 17295 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 15, 1984 Last Structure Change Effective Date: August 19, 2010 Last Structure Change Process Date: September 01, 2010 Last Data Update: September 01, 2010 Data Source Date: Febuary 17, 2011 |
| Location | Address: 100 South Park Boulevard, Saint Augustine, FL 32086 County: St. Johns Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600) Core Based Statistical Area (CBSA): Jacksonville, FL (#27260) CBSA Metro Statistical Area: Jacksonville, FL (#27260) |
| Financial Summary | Total assets: $86.0 mil Equity capital: $6.0 mil Deposits held in domestic offices: $61.4 mil Return on assets (ROA): -0.57% (-$0.5 mil) Quarterly return on assets: -0.50% (-$0.4 mil) Return on Equity (ROE): -8.24% (-$0.5 mil) Quarterly return on equity: -7.13% (-$0.4 mil) Net income: -$0.4 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.93% (-$800.1 mil) Quarterly Pretax return on assets: -0.83% (-$714.0 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 193 |
| Total assets | $836,890 |
| Cash and due from depository institutions | $62,066 |
| Interest-bearing balances | $55,111 |
| Securities | $134,125 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $536,645 |
| Loan loss allowance | $15,548 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $42,849 |
| Other real estate owned | $27,044 |
| Goodwill and other intangibles | $675 |
| All other assets | $33,486 |
| Life insurance assets | $0 |
| Total liabilities and capital | $836,890 |
| Total liabilities | $779,927 |
| Total deposits | $590,351 |
| Interest-bearing deposits | $462,814 |
| Deposits held in domestic offices | $590,351 |
| % insured (estimated) | 92.73% |
| Federal funds purchased & repurchase agreements | $15,430 |
| Trading liabilities | $0 |
| Other borrowed funds | $165,000 |
| Subordinated debt | $5,000 |
| All other liabilities | $4,146 |
| Total equity capital | $56,963 |
| Total bank equity capital | $56,963 |
| Perpetual preferred stock | $56,963 |
| Common stock | $0 |
| Surplus | $4,420 |
| Undivided profits | $49,265 |
| Memoranda | |
| Noncurrent loans and leases | $3,278 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $37,748 |
| Income earned, not collected on loans | $0 |
| Earning assets | $20,430 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $2,397 |
| Average Assets, quarterly | $725,881 |
| Volatile liabilities | $390,668 |
| Insider loans | $885,445 |
| FHLB advances | $848,581 |
| Loans and leases held for sale | $64,838 |
| Unused loan commitments | $3,792 |
| Tier 1 (core) risk-based capital | $165,000 |
| Tier 2 risk-based capital | $1,990 |
| Total risk weighted assets | $0 |
| Total unused commitments | $37,748 |
| Restructured Loans and leases | $21,469 |
| Derivatives | $12,568 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $40,687 |
| Total interest expense | $12,704 |
| Net interest income | $27,983 |
| Provision for loan and lease losses | $13,825 |
| Total noninterest income | $2,317 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $5,429 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$3,112 |
| Total noninterest expense | $28,000 |
| Salaries and employee benefits | $11,489 |
| Premises and equipment expense | $4,626 |
| Additional noninterest expense | $11,885 |
| Pre-tax net operating income | -$11,525 |
| Securities gains (losses) | $2,402 |
| Applicable income taxes | -$3,513 |
| Income before extraordinary items | -$5,610 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$5,610 |
| Net charge-offs | $0 |
| Cash dividends | -$5,610 |
| Sale, conversion, retirement of capital stock, net | $12,289 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.24% |
| Cost of funding earning assets | 1.64% |
| Net interest margin | 3.60% |
| Noninterest income to earning assets | 0.30% |
| Noninterest expense to earning assets | 3.60% |
| Net operating income to assets | -0.81% |
| Return on assets (ROA) | -0.63% |
| Pretax return on assets | -1.03% |
| Return on equity (ROE) | -9.19% |
| Retained earnings to average equity (YTD only) | -9.19% |
| Net charge-offs to loans | 2.09% |
| Credit loss provision to net charge-offs | 112.50% |
| Efficiency ratio | 0.19% |
| Assets per employee | $92,201 |
| Cash dividends to net income (YTD only) | 4.34% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.82% |
| Noncurrent assets plus other real estate owned to assets | 76.10% |
| Noncurrent loans to loans | 5.68% |
| Net loans and leases to deposits | 3.70% |
| Net loans and leases to core deposits | 90.90% |
| Equity capital to assets | 99.21% |
| Core capital (leverage) ratio | 6.81% |
| Tier 1 risk-based capital ratio | 5.77% |
| Total risk-based capital ratio | 8.05% |
| Memoranda | |
| Average assets | $10 |
| Average earning assets | $885,445 |
| Average equity | $61,040 |
| Average loans | $776,740 |
| 18 Florida Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 17295 | Prosperity Bank | 100 South Park Boulevard, Saint Augustine, FL 32086 | Febuary 15, 1984 | Full Service Brick and Mortar |  |
| 1 | 257757 | Beach Office | 2060 State Road 3, Saint Augustine, FL 32084 | August 06, 1987 | Full Service Brick and Mortar |  |
| 3 | 257759 | Mandarin Office | 12689 San Jose Boulevard, Jacksonville, FL 32223 | November 01, 1997 | Full Service Brick and Mortar | |
| 4 | 257760 | Palm Coast Branch | 181 Cypress Point Parkway, Palm Coast, FL 32137 | July 01, 1997 | Full Service Brick and Mortar | |
| 5 | 257761 | Moultrie Office | 4070 U S 1 South, St. Augustine, FL 32086 | Febuary 01, 1998 | Full Service Brick and Mortar | |
| 8 | 11533 | Palatka Branch | 601 Reid Street, Palatka, FL 32177 | March 07, 1956 | Full Service Brick and Mortar | |
| 12 | 364414 | Ormond Beach Branch | 1259 West Granada Boulevard, Ormond Beach, FL 32174 | May 29, 2001 | Full Service Brick and Mortar | |
| 13 | 365554 | Deland Branch | 999 West Plymouth Avenue, Deland, FL 32720 | September 26, 2002 | Full Service Brick and Mortar | |
| 15 | 423493 | Orange Park Branch | 934 Blanding Boulevard, Orange Park, FL 32065 | October 27, 2003 | Full Service Brick and Mortar | |
| 19 | 432258 | Callaway Branch | 805 South Tyndall Parkway, Panama City, FL 32404 | September 28, 2004 | Full Service Brick and Mortar | |
| 20 | 432259 | Palatka Westside Branch | 100 North Highway 19, Palatka, FL 32177 | September 28, 2004 | Full Service Brick and Mortar | |
| 23 | 447877 | Lynn Haven Branch | 2606 South Highway 77, Lynn Haven, FL 32444 | Febuary 13, 2006 | Full Service Brick and Mortar | |
| 24 | 451755 | North Ponce De Leon Branch | 790 North Ponce De Leon Boulevard, Saint Augustine, FL 32084 | May 25, 2006 | Full Service Brick and Mortar | |
| 25 | 470112 | Panama City Beach Branch | 11790 Panama City Beach Parkway, Panama City Beach, FL 32407 | June 18, 2007 | Full Service Brick and Mortar | |
| 26 | 475438 | Beach & Hodges Branch | 3293 Hodges Boulevard, Jacksonville, FL 32224 | May 19, 2008 | Full Service Brick and Mortar | |
| 27 | 475439 | Fernandina Beach Branch | 1458 Sadler Road, Fernandina Beach, FL 32034 | April 21, 2008 | Full Service Brick and Mortar | |
| 28 | 478827 | Panama City Branch | 450 23rd Street East, Panama City, FL 32405 | Febuary 11, 2008 | Full Service Brick and Mortar | |
| 29 | 493427 | Lake City Branch | 295 Nw Commons Loop, Suite 101, Lake City, FL 32055 | September 29, 2008 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.