1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Prosperity Bank (TX)

Prosperity Bank (TX) Locations
1301 North Mechanic Street
El Campo, TX 77437
979-543-2200
www.prosperitybanktx.com

Prosperity Bank (TX) is headquartered in El Campo and is the 6th largest bank in the state of Texas. It is also the 104th largest bank in the nation. It was established in 1949 and as of March of 2012, it had grown to 1,690 employees at 189 locations. Prosperity Bank (TX) has a 5-star health rating.


Data for Q1 2012


Institution Statistics


Prosperity Bank
FDIC Certificate #16835
BankRate ReportView
Year Established1949
Employees1690
Primary RegulatorFDIC

Assets and Liabilities

Assets$10.88 billion
Loans$3.82 billion
Deposits$8.55 billion
Equity Capital$1.68 billion
Loan Loss Allowance$51.64 million
Unbacked Noncurrent Loans$7.09 million
Real Estate Owned$7.72 million

Historic Data - March 2011

Assets$9.72 billion
Equity Capital$1.54 billion
Loan Loss Allowance$51.76 million
Unbacked Noncurrent Loans$2.29 million
Real Estate Owned$10.47 million

Profit Margin - Quarterly

Net Interest Margin3.69%
Return on Assets1.46%
Return on Equity9.13%
Interest Income$91.68 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Prosperity Bank (TX) had $14.81 million in non-current loans and owned real-estate with $1.73 billion in equity and loan loss allowances on hand to cover it. This gives Prosperity Bank (TX) a Texas Ratio of 0.86% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Prosperity Bank (TX) held steady from 0.80% as of March 31, 2011 to 0.86% as of March 31, 2012, resulting in a negative change of 7.18%. This indicates that the balance sheet and financial strength for Prosperity Bank (TX) has held steady in recent periods.
Deposit Growth5
In the past year, Prosperity Bank (TX) has increased its total deposits by $725.08 million, resulting in 9.27% 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 Prosperity Bank (TX) has shown is excellent.
Capitalization5
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. Prosperity Bank (TX) has $10.88 billion in assets with $1.73 billion in equity, resulting in a capitalization level of 15.87%, which is excellent.
Write Review

I Would Never Suggest Anyone Opening An Account With This Bank.
1 stars - PhillipSmith - Thursday, November 24, 2011 - 1:13 PM

 

I would never suggest anyone opening an account with this bank.  My father-in-law was a patient at a nursing home, and the bank allowed other individuals to access his bank account with out his permission.   Prosperity Bank would not let my father-in-law have access to his own account.  Thank god for Harris County Guardianship for stepping in. Even when a Harris County Judge ordered the bank to freeze the account, money was still allowed to be taken out by other individuals (Harris county Court 9, Case 402988).  My father-in-law's judge appointed guardian was treated very badly by Prosperity Bank's employees, my wife and I were also treated very rudely..  If you have an account with this bank, consider moving to a more professional bank.  Please copy and paste this to other sites....

 

6

Billpay Is A Rip-Off
1 stars - milisaroitsch - Tuesday, January 3, 2012 - 11:11 AM

Beware of BillPay.  Not only does the bank charge you $4.95 for the service at the end of the month, but if you schedule the payment on a day that falls on a weekend, the bank will withdraw the money EARLY.  This is apparently written into the fine print, which justifies any overdraft charges that my occur.  The bank will not refund this money to you.  I am incredibly frustrated, taken for over $100, and have already switched to IBC.  IBC does not charge you for their bill pay service, and unlike prosperity, you can see the complete account number on your payees.  I will be filing a complaint.

2
 
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