Prosperity Bank

Headquarters

1301 N Mechanic St
El Campo, TX 77437
See all branch locations →

Phone 800 531 1401

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by Jettdawg | February 17, 2022 |

Worst bank ever. Buying everyone and screwing them up.


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 $39.76 billion in assets. Customers can open an account at one of its 285 branches.

FDIC Insured Yes
FDIC Certificate # 16835
Date Established 1949
Assets $ 39.76 billion
Loans $ 21.96 billion
Deposits $ 28.03 billion
Capital $ 7.26 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 - November 21, 2024

Your Current Location: Ohio, OH 43085

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 - November 21, 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
Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375%
0.88 points
$4,010 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.955% 6.875%
0.63 points
$2,594 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250%
0.75 points
$2,400 fees
$2,183 Learn More
Veterans United Home Loans
NMLS ID: 1907

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 10.625 %
After Intro: 10.625 %
$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:
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
1.17% 4.48%

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 June 30, 2024, Prosperity Bank had $84,497,000 in non-current loans and $4,960,000 in owned real estate. To cover these potential losses it had $7,261,264,000 in equity and $359,852,000 in loans loss reserves. That gives it a Texas Ratio of 1.17%.

Return on Equity
Prosperity Bank U.S. Bank Average
6.42% 10.46%

Prosperity Bank has a Return on Equity of 6.42% versus the BestCashCow average of 10.46%. 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
18.26% 10.84%

Prosperity Bank has a Capitalization of 18.26% versus the BestCashCow average of 10.84. 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 June 30, 2024, Prosperity Bank had assets of $39,759,389,000, loans of $21,960,962,000, and deposits of $28,030,434,000. 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

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 1,509.84 million
Interest-bearing balances $ 1,191.28 million
Total securities $ 11.70 billion
Federal funds sold and reverse repurchase $ 0.23 million
Net loans and leases $ 21.96 billion
Loan loss allowance $ 359.85 million
Trading account assets $ 0.22 million
Bank premises and fixed assets N.A.
Other real estate owned $ 4.96 million
Goodwill and other intangibles $ 3.57 billion
All other assets $ 509.35 million
     Total Assets $ 32.50 billion
LIABILITIES
Total deposits $ 28.03 billion
      Interest-bearing deposits $ 18.23 billion
      Deposits held in domestic offices $ 28.03 billion
      % insured (estimated) 60.05%
Federal funds purchased and repurchase agreements $ 233.69 million
Trading liabilities $ 0.05 million
Other borrowed funds $ 300.00 million
Subordinated debt N.A.
All other liabilities $ 171.18 million
      Total Liabilities $ 32.50 billion
      Shareholders’ Equity $ 7.26 billion

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 795.60 million
Total Interest Expense $ 297.31 million
Net interest income $ 498.29 million
Provision for loan and lease losses $ 9.07 million
Total non interest income $ 71.58 million
Total non interest expense $ 279.96 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 27.73
Multifamily
Mortgages
1.79
Credit Card Loans 0.07
Consumer Auto Loans 0.05
Small Business Loans 3.95
Construction and Development Loans 11.20
Commercial Real Estate 20.83
Commercial and Industrial Loans 10.33
Farm Loans 0.87

Customer Reviews for Prosperity Bank


  • February 17, 2022 |

    Worst bank ever. Buying everyone and screwing them up.

  • 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

  • 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.

  • 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.

  • 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.


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