Premier Bank in Lenexa, Kansas (KS), MO
Overview, Financial Summary, Detailed Financial Reports, Branches

Premier Bank - Overview

  • General
  • FDIC Certificate #: 22924
    Status: Active
    Federal Reserve ID: 36858
    Bank Holding Company (Regulatory Top Holder): Sturm Financial Group, Inc. (RSSDID: 2942702, Location: Denver, CO)
    Date Established: August 10, 1979
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 13856
    FDIC's unique #: 16031
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: August 10, 1979
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 15301 W 87th Street Parkway, Lenexa, KS 66219
    County: Johnson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $158.6 mil
    Equity capital: $17.3 mil
    Deposits held in domestic offices: $129.6 mil
    Return on assets (ROA): -1.53% (-$2.4 mil)
    Quarterly return on assets: -5.91% (-$9.4 mil)
    Return on Equity (ROE): -13.33% (-$2.3 mil)
    Quarterly return on equity: -51.89% (-$8.8 mil)
    Net income: -$2.6 mil
    Quarterly Net income: -$2.4 mil
    Pretax return on assets: -1.53% (-$2,426.8 mil)
    Quarterly Pretax return on assets: -5.91% (-$9,374.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $158,613Total assets
  • $36,006Cash and due from depository institutions
  • $32,203Interest-bearing balances
  • $71,551Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,890Net loans & leases
  • $1,346Loan loss allowance
  • $0Trading account assets
  • $3,603Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $158,613Life insurance assets
  • $2,563All other assets
  • $141,300Total liabilities and capital
  • $129,614Total liabilities
  • $95,646Total deposits
  • $129,614Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 4578.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,999Trading liabilities
  • $0Other borrowed funds
  • $3,109Subordinated debt
  • $17,313All other liabilities
  • $17,313Total equity capital
  • $17,313Total bank equity capital
  • $0Perpetual preferred stock
  • $1,054Common stock
  • $9,080Surplus
  • $7,179Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $104Income earned, not collected on loans
  • $18Earning assets
  • $429Long-term assets (5+ years)
  • $148,644Average Assets, year-to-date
  • $34,936Average Assets, quarterly
  • $170,181Volatile liabilities
  • $163,669Insider loans
  • $63,189FHLB advances
  • $162,758Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,627Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,278Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,212Total interest income
  • $548Total interest expense
  • $4,664Net interest income
  • $136Provision for loan and lease losses
  • $692Total noninterest income
  • $0Fiduciary activities
  • $378Service charges on deposit accounts
  • $0Trading account gains & fees
  • $314Additional noninterest income
  • $8,178Total noninterest expense
  • $1,864Salaries and employee benefits
  • $1,471Premises and equipment expense
  • $4,843Additional noninterest expense
  • -$2,958Pre-tax net operating income
  • $353Securities gains (losses)
  • $0Applicable income taxes
  • -$2,605Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,605Net income attributable to bank
  • $0Net charge-offs
  • -$2,605Cash dividends
  • $857Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.27%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 2.92%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 5.12%Noninterest expense to earning assets
  • -1.74%Net operating income to assets
  • -1.53%Return on assets (ROA)
  • -1.53%Pretax return on assets
  • -13.33%Return on equity (ROE)
  • -18.45%Retained earnings to average equity (YTD only)
  • 1.37%Net charge-offs to loans
  • 15.87%Credit loss provision to net charge-offs
  • -3.29%Efficiency ratio
  • 152,689Assets per employee
  • 4.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -38.39%Loss allowance to loans
  • 2.91%Loss allowance to noncurrent loans
  • 1294.23%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 34.63%Net loans and leases to core deposits
  • 35.00%Equity capital to assets
  • 10.92%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 24.73%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $170,181Average earning assets
  • $19,538Average equity
  • $159,601Average loans

List of branches

  • 3 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016031Premier Bank15301 W 87th Street Parkway, Lenexa, KS 66219August 10, 1979Full Service Brick and Mortar
    1255599Quivira Branch11900 West 87th Street, Lenexa, KS 66215August 23, 1982Full Service Brick and Mortar
    3255601South Branch11830 West 135th Street, Lenexa, KS 66221June 16, 1997Full Service Brick and Mortar
  • 2 Missouri Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4255602North Branch1925 Burlington, North Kansas City, MO 64116November 30, 1998Full Service Brick and Mortar
    9520572St. Louis - Sba Branch14567 North Outer Forty Dr, Chesterfield, MO 63017April 01, 2007Limited Service Loan Production

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