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Overview / Commentary
469-952-5500
805 East 1st Street
Prosper, TX 75078

Prosper Bank is headquartered in Prosper and is the 419st largest bank in the state of Texas. It is also the 5,309th largest bank in the nation. It was established in 1903 and as of March of 2014, it had grown to 20 employees at 3 locations. Prosper Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Prosper Bank has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Prosper Bank had $0 in non-current loans and owned real-estate with $7.71 million in equity and loan loss allowances on hand to cover it. This gives Prosper Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Prosper Bank has increased its total deposits by $3.85 million, resulting in 5.97% 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 excellent.

Capitalization

GRADE:
B+

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 $75.56 million in assets with $7.71 million in equity, resulting in a capitalization level of 10.20%, which is above average.

Institution Statistics

Overall
FDIC Certificate #14485
Year Established1903
Employees20
Primary RegulatorFDIC
Assets and Liabilities
Assets$75.56 million
Loans$39.44 million
Deposits$68.33 million
Equity Capital$7.12 million
Loan Loss Allowance$594,000
Real Estate Owned$0
Historic Data - March 2013
Assets$71.30 million
Equity Capital$6.70 million
Loan Loss Allowance$502,000
Unbacked Noncurrent Loans$0
Real Estate Owned$1.89 million
Profit Margin - Quarterly
Net Interest Margin3.98%
Return on Assets0.25%
Return on Equity2.63%
Interest Income$757,000
Rates

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Prosper Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Power Savings
0.10%--Prosper Kids Club

Prosper Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%--Power Money Market

Prosper Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.02%-$25kPower Rewards Checking - Qualifying
0.15%--Standard Power Rewards
0.15%--Power Rewards Checking - Non Qualifying
0.10%--Power Interest Checking

Prosper Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.66%$1k-60 Month CD
1.66%$1k-Business 60 Month CD
1.41%$1k-48 Month CD
1.41%$1k-Business 48 Month CD
1.11%$1k-36 Month CD
1.11%$1k-25 Month CD Special
1.11%$1k-Business 25 Month CD Special
1.11%$1k-Business 36 Month CD
0.90%$1k-13 Month CD Special
0.90%$1k-Business 13 Month CD Special
0.80%$1k-24 Month CD
0.80%$1k-Business 24 Month CD
0.65%$1k-18 Month CD
0.65%$1k-Business 18 Month CD
0.50%$1k-12 Month CD
0.50%$1k-Business 12 Month CD
0.35%$250-4 Month Kids Club
0.30%$1k-9 Month CD
0.30%$1k-Business 9 Month CD
0.25%$1k-6 Month CD
0.25%$1k-Business 6 Month CD
0.10%$1k-3 Month CD
0.10%$1k-Business 3 Month CD
0.05%$1k-1 Month CD
0.05%$1k-Business 1 Month CD

Prosper Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.66%$1k-60 Month Prosper IRA
1.41%$1k-48 Month Prosper IRA
0.80%$1k-24 Month Prosper IRA
0.50%$1k-12 Month Prosper IRA
Locations


Prosper Bank Locations
Frisco Branch7700 Main StreetFrisco, TX 75033
Prosper Bank805 East 1st StreetProsper, TX 75078