Prosper Bank

Prosper Bank is headquartered in Prosper and is the 473^rd largest bank in the state of Texas. It is also the 5,977^th largest bank in the nation. It was established in 1903 and as of March of 2012, it had grown to 20 employees at 3 locations. Prosper Bank's CD rates are 11% higher than the national average, and it has a 3-star health rating.

Prosper Bank Checking Account Rates

Prosper Bank Savings Account Rates

Prosper Bank Money Market Rates

Prosper Bank CD Rates

Prosper Bank IRA Rates

Data for Q1 2012

Institution Statistics Prosper Bank FDIC Certificate # 14485 BankRate Report View Year Established 1903 Employees 20 Primary Regulator FDIC Assets and Liabilities Assets $63.47 million Loans $42.13 million Deposits $56.64 million Equity Capital $6.65 million Loan Loss Allowance $951,000 Unbacked Noncurrent Loans $752,000 Real Estate Owned $1.49 million Historic Data - March 2011 Assets $67.20 million Equity Capital $5.94 million Loan Loss Allowance $1.10 million Unbacked Noncurrent Loans $2.39 million Real Estate Owned $3.00 million Profit Margin - Quarterly Net Interest Margin 4.53% Return on Assets 0.56% Return on Equity 5.34% Interest Income $714,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Prosper Bank had $2.24 million in non-current loans and owned real-estate with $7.6 million in equity and loan loss allowances on hand to cover it. This gives Prosper Bank a Texas Ratio of 29.46% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Prosper Bank decreased significantly from 76.64% as of March 31, 2011 to 29.46% as of March 31, 2012, resulting in a positive change of 61.57%.This indicates that the balance sheet and financial strength for Prosper Bank has improved significantly in recent periods. Deposit Growth In the past year, Prosper Bank has decreased its total deposits by -$4.4 million, resulting in -7.22% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Prosper Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Prosper Bank has $63.47 million in assets with $7.6 million in equity, resulting in a capitalization level of 11.97%, which is above average.

No reviews have been left for this bank yet. Be the first to review.