Prosperity Bank
Headquarters
1301 N Mechanic St
El Campo, TX 77437
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Phone 800 531 1401
2024 Overview
General Bank Information
Prosperity Bank is an FDIC insured institution located in El Campo, TX. It was founded in 1949 and has approximately $38.56 billion in assets. Customers can open an account at one of its 285 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 16835 |
| Date Established | 1949 |
| Assets | $ 38.56 billion |
| Loans | $ 20.85 billion |
| Deposits | $ 27.24 billion |
| Capital | $ 7.06 billion |
For a more detailed analysis of Prosperity Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Checking with Interest | 0.10% | $1,500 | $10.00 | Learn More |
| Personal Checking | 0.12% | $500 | $10.00 | Learn More |
Loan Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Prosperity Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.806% |
6.625% 0.88 points $6,000 fees |
$2,049 | Learn More |
NMLS ID: 2059741 |
6.906% |
6.750% 1.00 points $5,123 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.350% |
7.250% 1.00 points $3,200 fees |
$2,183 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Prosperity Bank
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Branches
Prosperity Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Prosperity Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Prosperity Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Prosperity Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Prosperity Bank | U.S. Bank Average |
|---|---|
| 0.98% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Prosperity Bank had $70,883,000 in non-current loans and $1,708,000 in owned real estate. To cover these potential losses it had $7,059,667,000 in equity and $332,362,000 in loans loss reserves. That gives it a Texas Ratio of 0.98%.
Return on Equity
| Prosperity Bank | U.S. Bank Average |
|---|---|
| 6.28% | 12.20% |
Prosperity Bank has a Return on Equity of 6.28% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Prosperity Bank | U.S. Bank Average |
|---|---|
| 18.31% | 10.76% |
Prosperity Bank has a Capitalization of 18.31% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Prosperity Bank Balance Sheet Analysis
As of December 31, 2023, Prosperity Bank had assets of $38,556,810,000, loans of $20,848,176,000, and deposits of $27,241,984,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 463.56 million |
| Interest-bearing balances | $ 96.96 million |
| Total securities | $ 12.80 billion |
| Federal funds sold and reverse repurchase | $ 0.26 million |
| Net loans and leases | $ 20.85 billion |
| Loan loss allowance | $ 332.36 million |
| Trading account assets | $ 0.22 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 1.71 million |
| Goodwill and other intangibles | $ 3.46 billion |
| All other assets | $ 509.35 million |
| Total Assets | $ 31.50 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 27.24 billion |
| Interest-bearing deposits | $ 17.40 billion |
| Deposits held in domestic offices | $ 27.24 billion |
| % insured (estimated) | 60.68% |
| Federal funds purchased and repurchase agreements | $ 309.28 million |
| Trading liabilities | $ 0.16 million |
| Other borrowed funds | $ 300.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 171.18 million |
| Total Liabilities | $ 31.50 billion |
| Shareholders’ Equity | $ 7.06 billion |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 1,453.19 million |
| Total Interest Expense | $ 487.41 million |
| Net interest income | $ 965.78 million |
| Provision for loan and lease losses | $ 18.54 million |
| Total non interest income | $ 142.38 million |
| Total non interest expense | $ 540.07 million |
| Pre-tax Net Operating Income | $ 324.36 million |
Bank Loan Profile?
The top three loan types in Prosperity Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.
Compared to other banks, Prosperity Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 29.21 | ✓ | ||
| Multifamily Mortgages |
1.89 | ✓ | ||
| Credit Card Loans | 0.08 | ✓ | ||
| Consumer Auto Loans | 0.05 | ✓ | ||
| Small Business Loans | 4.01 | ✓ | ||
| Construction and Development Loans | 11.80 | ✓ | ||
| Commercial Real Estate | 21.94 | ✓ | ||
| Commercial and Industrial Loans | 10.88 | ✓ | ||
| Farm Loans | 0.92 | ✓ | ||
Customer Reviews for Prosperity Bank
Jettdawg
February 17, 2022 |
Worst bank ever. Buying everyone and screwing them up.
Is this review helpful? Yes:0 / No: 0
c. lytle
September 2, 2021 |
very good bank-i have never had a problem with them in over 25 years. the staff are very nice employees and very respectful
Is this review helpful? Yes:1 / No: 0
Dallas exec
July 1, 2021 |
Loved Legacy. Can only echo all that’s been said here. This bank is the worst banking provider that I’ve encountered in my 68 years. Can’t wait to get away.
Is this review helpful? Yes:0 / No: 0
Frustrated_Txn
September 18, 2020 |
HORRIBLE bank, terrible and unsafe practices. Loved Legacy Texas, but this replacement is the pits. Want a long, complex password to safeguard your accounts?? Can't have one, because their website doesn't allow the use of password managers. You have to remember and type in short, simple, and thus easy to hack stuff every time. RUN, do not walk, away from this bank.
Is this review helpful? Yes:2 / No: 0
Why We Are Leaving Properity Bank.
August 3, 2020
I absolutely loved LegacyTexas before they were taken over by Prosperity Bank. The customer service is terrible. They started charging multiple fees that LegacyTexas never charged us. We are leaving Prosperity for Chase Bank.
Is this review helpful? Yes:0 / No: 0
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