2020 Overview
General Bank Information
Prospect Bank is definitely an FDIC insured institution located in Paris, IL. It absolutely was created in 1873 and it has more or less $0.57 billion in assets. Clients can start a merchant account at certainly one of its 11 branches.
For a far more analysis that is detailed of Bank’s monetary condition and a description of exactly exactly what these figures suggest, be sure to see the Financial Details area.
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Your Present Location: Brand New York, NY 10007
Loan Rates – November 18, 2020
Your location that is current York, NY 10007
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Branches
Prospect Bank branches and places in your area. Input a various zip rule to locate branches and locations for almost any neighbor hood in the usa.
Your Local Area: Brand New York,New York
Prospect Bank Locations
Financial Details
Prospect Bank Ratio Research
The next ratios and information can be found that will help you better comprehend the condition that is financial of Bank. The info is given by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits which have been inside the FDIC insurance limitations.
Texas Ratio
| Prospect Bank | U.S. Bank Average |
|---|---|
| 4.19% | 6.94% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and estate that is real) having its tangible typical equity as well as its loan loss reserves. A reduced Texas ratio suggests better protection of issue loans. The closer the Texas Ratio is always to 1-to-1 or 100%, the less money and reserves a bank has got to soak up its loan losings.
At the time of March 31, 2020, Prospect Bank had $2,441,000 in non-current loans and $7,000 in owned real estate. To pay for these possible losings it had $55,328,000 in equity and $3,082,000 in loans loss reserves. That offers it a Texas Ratio of 4.19per cent.
Return on Equity
Prospect Bank features a Return on Equity of 7.64per cent versus the BestCashCow average of 7.80%. Return on equity measures exactly how effectively a bank is earning money from the capital. A bank having A roe that is consistently high can considered well run. A bank having a consistently low roe may be considered badly run.
Capitalization
Prospect Bank has a Capitalization of 9.76per cent versus the BestCashCow average of 12.68. Capitalization measures exactly how much equity money a bank needs to underpin loans along with other assets on its balance sheet. The bigger the capitalization quantity the greater amount of protected a bank is known as.
Prospect Bank Balance Sheet Analysis
At the time of March 31, 2020, Prospect Bank had assets of $566,772,000, loans of $358,624,000, and deposits of $475,191,000. Long-lasting increases in deposits shows a bank’s power to raise funds to cultivate its loans and assets. Asset and loan development may increase or fall according to a bank’s technique for development. Sharp rises and falls in assets, deposits, and loans may be problematic, showing a loosening of financing requirements, or economic stress leading to reduced lending. a change that is big these figured can be from a bank purchase or merger.
Overview Balance Sheet
Overview Money Statement
Mortgage Profile ?
The very best three loan kinds in Prospect Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.
In comparison to other banks in Illinois, Prospect Bank possesses dramatically greater per cent of Multifamily Mortgages on its balance sheet, possibly indicating a specialty in that financing area.
Note: Percentages may well not sum to 100% due to rounding and dual categorization of some loan kinds. All data through the FDIC. More information about that table.