Prosperity Bank

Headquarters

1301 North Mechanic Street
El Campo, TX 77437
See all branch locations →

Phone 800 531 1401

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.60% 1.15% →
2-Year CD 0.85% 1.26% →
5-Year CD 0.85% 2.25% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Prosperity Bank is an FDIC insured institution located in El Campo, TX. It was founded in 1949 and has approximately $31.74 billion in assets. Customers can open an account at one of its 285 branches.

FDIC Insured Yes
FDIC Certificate # 16835
Date Established 1949
Assets $ 31.74 billion
Loans $ 18.80 billion
Deposits $ 23.89 billion
Capital $ 5.95 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 - July 11, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 - Learn More
Savings
0.05% $50 - Learn More
Money Market
0.05% $1 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn More
3 Mo CD
0.10% $10,000 $24,999 Learn More
3 Mo CD
0.25% $100,000 - Learn More
6 Mo CD
0.30% $1,000 - Learn More
6 Mo CD
0.20% $10,000 $24,999 Learn More
6 Mo CD
0.45% $100,000 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
12 Mo CD
0.25% $10,000 $24,999 Learn More
12 Mo CD
0.60% $100,000 - Learn More
18 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.35% $10,000 $24,999 Learn More
18 Mo CD
0.50% $100,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
24 Mo CD
0.40% $10,000 $24,999 Learn More
24 Mo CD
0.85% $100,000 - Learn More
36 Mo CD
0.65% $1,000 - Learn More
36 Mo CD
0.45% $10,000 $24,999 Learn More
36 Mo CD
0.75% $100,000 - Learn More
48 Mo CD
0.70% $1,000 - Learn More
60 Mo CD
0.75% $1,000 - Learn More
60 Mo CD
0.60% $10,000 $24,999 Learn More
60 Mo CD
0.85% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Fixed IRA
0.25% $10,000 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $2,499 Learn MoreShow Less
Int Ckg
0.05% $1 - Learn MoreShow Less
Int Ckg
0.05% $2,500 $7,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Checking with Interest 0.10% $1,500 $10.00 Learn MoreShow Less
Personal Checking 0.12% $500 $10.00 Learn MoreShow Less

Loan Rates - July 11, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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

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:
Ashburn,Virginia


Prosperity Bank Locations


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
1.07% 6.94%

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 March 31, 2020, Prosperity Bank had $61,449,000 in non-current loans and $5,452,000 in owned real estate. To cover these potential losses it had $5,952,282,000 in equity and $327,206,000 in loans loss reserves. That gives it a Texas Ratio of 1.07%.

Return on Equity
Prosperity Bank U.S. Bank Average
9.03% 7.80%

Prosperity Bank has a Return on Equity of 9.03% versus the BestCashCow average of 7.80%. 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
18.75% 12.68%

Prosperity Bank has a Capitalization of 18.75% versus the BestCashCow average of 12.68. 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 March 31, 2020, Prosperity Bank had assets of $31,743,822,000, loans of $18,799,990,000, and deposits of $23,888,963,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 382.28 million
Interest-bearing balances $ 66.19 million
Total securities $ 8.30 billion
Federal funds sold and reverse repurchase $ 0.68 million
Net loans and leases $ 18.80 billion
Loan loss allowance $ 327.21 million
Trading account assets $ 1.42 million
Bank premises and fixed assets N.A.
Other real estate owned $ 5.45 million
Goodwill and other intangibles $ 3.30 billion
All other assets $ 576.29 million
     Total Assets $ 25.79 billion
LIABILITIES
Total deposits $ 23.89 billion
      Interest-bearing deposits $ 16.36 billion
      Deposits held in domestic offices $ 23.89 billion
      % insured (estimated) 56.57%
Federal funds purchased and repurchase agreements $ 344.69 million
Trading liabilities $ 1.48 million
Other borrowed funds $ 1,392.56 million
Subordinated debt N.A.
All other liabilities $ 163.84 million
      Total Liabilities $ 25.79 billion
      Shareholders’ Equity $ 5.95 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 297.34 million
Total Interest Expense $ 40.84 million
Net interest income $ 256.50 million
Provision for loan and lease losses N.A.
Total non interest income $ 35.18 million
Total non interest expense $ 120.95 million
Pre-tax Net Operating Income $ 170.73 million

Bank Loan Profile?

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

Compared to other banks in Texas, Prosperity Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

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 23.98
Multifamily
Mortgages
7.63
Credit Card Loans 0.07
Consumer Auto Loans 0.18
Small Business Loans 4.81
Construction and Development Loans 10.91
Commercial Real Estate 27.35
Commercial and Industrial Loans 14.94
Farm Loans 0.89

Frequently Asked Questions About Prosperity Bank

Branches and Savings

Is Prosperity Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16835.

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

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

Why are Prosperity Bank CD rates not competitive?

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

Is Prosperity Bank a commercial bank?

Yes

Where are Prosperity Bank locations?

See branch locations nearby.

Is Prosperity Bank open on Saturdays?

Is Prosperity Bank open on Sundays?

What time does Prosperity Bank open?

What time does Prosperity Bank close?

Are Prosperity Bank ATMs Open 24/7?

Do Prosperity Bank ATMs accept cash deposits?

Can Prosperity Bank customers use other ATMs?

Do Prosperity Bank branches have notaries?

Will Prosperity Bank notarize my document?

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

Will the Prosperity Bank branch print checks?

Do Prosperity Bank checks expire?

Does Prosperity Bank require US citizenship to open account?

Can Prosperity Bank close my account?

Does Prosperity Bank Report to credit bureaus?

Does Prosperity Bank Use Equifax?

What is Prosperity Bank's ACH Routing Number?

What is Prosperity Bank's SWIFT code?

Products

Does Prosperity Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Prosperity Bank offer personal loans?

Compare personal loan rates here.

Does Prosperity Bank offer student loans?

Will Prosperity Bank cash a check?

Will Prosperity Bank redeem a savings bond?

Does Prosperity Bank cash savings bonds?

Will Prosperity Bank cash money orders?

Can Prosperity Bank issue a money order?

Does Prosperity Bank do currency exchange?

Background on The Bank

Who owns Prosperity Bank?

How long has Prosperity Bank been around?

Can Prosperity Bank transfer to other banks?

Does Prosperity Bank have quick pay?

Does Prosperity Bank accept rolled coins?

Will Prosperity Bank accept loose change?

Where is Prosperity Bank headquarters?

Customer Reviews for Prosperity Bank


  • June 27, 2020 |

    Went from easy action through accts (checking history, etc., basics) to a brick wall. Went from immediate or close response in customer service to die on the phone (long wait). I intensely dislike this bank. Would seriously recommend NEVER going near it. Ruined my dealing with people I have known 10 yrs plus because its online program is opposite of customer easy/friendly.

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