Institution Statistics
| Providence Bank | | FDIC Certificate # | 1643 | | BankRate Report | View | | Year Established | 1888 | | Employees | 188 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $678.06 million | | Loans | $325.56 million | | Deposits | $568.76 million | | Equity Capital | $97.18 million | | Loan Loss Allowance | $7.45 million | | Unbacked Noncurrent Loans | $2.57 million | | Real Estate Owned | $3.48 million |
Historic Data - March 2011 | | Assets | $771.30 million | | Equity Capital | $101.78 million | | Loan Loss Allowance | $3.95 million | | Unbacked Noncurrent Loans | $7.92 million | | Real Estate Owned | $80,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.2% | | Return on Assets | -0.5% | | Return on Equity | -3.59% | | Interest Income | $7.04 million |
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Institution Health
Overall Score:
4 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 Providence Bank had $6.05 million in non-current loans and owned real-estate with $104.63 million in equity and loan loss allowances on hand to cover it. This gives Providence Bank a Texas Ratio of 5.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Providence Bank decreased slightly from 7.56% as of March 31, 2011 to 5.78% as of March 31, 2012, resulting in a positive change of 23.54%.This indicates that the balance sheet and financial strength for Providence Bank has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Providence Bank has decreased its total deposits by -$87.96 million, resulting in -13.39% 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 Providence 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. Providence Bank has $678.06 million in assets with $104.63 million in equity, resulting in a capitalization level of 15.43%, which is excellent. |
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Average User Rating:
Lost My Loan NOTE
Whiile this bank is attractive with their PALS program, I do not suggest them for loans. Ever since they bought the small bank that allowed them to claim over 120 years of banking they have lost thier personal, friendly bank feel. They went from small town branches to buying a major failing bank and expected things to go smoothly? It went so smoothly they lost my NOTE to my loan! What kind of bank is that? Take your money elsewhere people.This place is too unorganized.