Prosper Bank

Headquarters

185 East Lincoln Highway
Coatesville, PA 19320
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.66% →
1-Year CD 0.75% 0.75% →
2-Year CD 1.01% 0.75% →
5-Year CD 1.50% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Prosper Bank is an FDIC insured institution located in Coatesville, PA. It was founded in 1919 and has approximately $0.28 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 30085
Date Established 1919
Assets $ 275.32 million
Loans $ 186.05 million
Deposits $ 231.42 million
Capital $ 21.97 million
 

For a more detailed analysis of Prosper Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
1.01% $10,000 $14,999 Learn More
24 Mo CD
1.01% $100,000 $199,999 Learn More
30 Mo CD
1.01% $10,000 $14,999 Learn More
30 Mo CD
1.01% $100,000 $199,999 Learn More
36 Mo CD
1.01% $10,000 $14,999 Learn More
36 Mo CD
1.01% $100,000 $199,999 Learn More
48 Mo CD
1.25% $10,000 $14,999 Learn More
48 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.50% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Prosper Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
Test Advertiser QA
NMLS ID:
2.450% 2.375% 1.00 $2,500 $972 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Test Advertiser QA
Test Advertiser QA
See Table
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Prosper Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Prosper 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:
Fairfield,Connecticut


Prosper Bank Locations


Financial Details

Prosper Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Prosper 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
Prosper Bank U.S. Bank Average
11.34% 5.49%

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, 2020, Prosper Bank had $2,815,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,969,000 in equity and $2,854,000 in loans loss reserves. That gives it a Texas Ratio of 11.34%.

Return on Equity
Prosper Bank U.S. Bank Average
-1.86% 9.24%

Prosper Bank has a Return on Equity of -1.86% versus the BestCashCow average of 9.24%. 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
Prosper Bank U.S. Bank Average
7.98% 11.96%

Prosper Bank has a Capitalization of 7.98% versus the BestCashCow average of 11.96. 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.

Prosper Bank Balance Sheet Analysis

As of December 31, 2020, Prosper Bank had assets of $275,324,000, loans of $186,045,000, and deposits of $231,416,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 26.00 million
Interest-bearing balances $ 25.52 million
Total securities $ 26.74 million
Federal funds sold and reverse repurchase $ 24.59 million
Net loans and leases $ 186.05 million
Loan loss allowance $ 2.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 9.84 million
     Total Assets $ 253.36 million
LIABILITIES
Total deposits $ 231.42 million
      Interest-bearing deposits $ 209.33 million
      Deposits held in domestic offices $ 231.42 million
      % insured (estimated) 83.04%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 20.55 million
Subordinated debt N.A.
All other liabilities $ 1.39 million
      Total Liabilities $ 253.36 million
      Shareholders’ Equity $ 21.97 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.06 million
Total Interest Expense $ 2.43 million
Net interest income $ 6.63 million
Provision for loan and lease losses $ 0.76 million
Total non interest income $ 0.65 million
Total non interest expense $ 7.09 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Prosper Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Prosper 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 57.20
Multifamily
Mortgages
3.67
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 12.56
Construction and Development Loans 3.96
Commercial Real Estate 24.24
Commercial and Industrial Loans 4.58
Farm Loans 0.12

Frequently Asked Questions About Prosper Bank

Branches and Savings

Is Prosper Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30085.

Why does Prosper Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Prosper Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Prosper Bank a commercial bank?

Yes

Where are Prosper Bank locations?

See branch locations nearby.

Is Prosper Bank open on Saturdays?

Is Prosper Bank open on Sundays?

What time does Prosper Bank open?

What time does Prosper Bank close?

Are Prosper Bank ATMs Open 24/7?

Do Prosper Bank ATMs accept cash deposits?

Can Prosper Bank customers use other ATMs?

Do Prosper Bank branches have notaries?

Will Prosper Bank notarize my document?

What address for Prosper Bank should I put for incoming ACH transfers?

Will the Prosper Bank branch print checks?

Do Prosper Bank checks expire?

Does Prosper Bank require US citizenship to open account?

Can Prosper Bank close my account?

Does Prosper Bank Report to credit bureaus?

Does Prosper Bank Use Equifax?

What is Prosper Bank's ACH Routing Number?

What is Prosper Bank's SWIFT code?

Products

Does Prosper Bank offer mortgages?

Compare mortgage rates here.

Does Prosper Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Prosper Bank offer personal loans?

Compare personal loan rates here.

Does Prosper Bank offer student loans?

Will Prosper Bank cash a check?

Will Prosper Bank redeem a savings bond?

Does Prosper Bank cash savings bonds?

Will Prosper Bank cash money orders?

Can Prosper Bank issue a money order?

Does Prosper Bank do currency exchange?

Background on The Bank

Who owns Prosper Bank?

How long has Prosper Bank been around?

Can Prosper Bank transfer to other banks?

Does Prosper Bank have quick pay?

Does Prosper Bank accept rolled coins?

Will Prosper Bank accept loose change?

Where is Prosper Bank headquarters?

Customer Reviews for Prosper Bank

There are currently no comments for Prosper Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →