Premier Bank in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Premier Bank in Tallahassee, Florida (FL)
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Premier Bank - Overview

  • General
  • FDIC Certificate #: 33992
    Status: Active
    Federal Reserve ID: 2286554
    Bank Holding Company (Regulatory Top Holder): Premier Bank Holding Company (RSSDID: 2815468, Location: Tallahassee, FL)
    Date Established: March 14, 1995
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 14200
    FDIC's unique #: 55570
    Numeric code: 21
    Regulator: FDIC
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 14, 1995
    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: 3110 Capital Circle, Northeast, Tallahassee, FL 32308
    County: Leon
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
    Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $296.5 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $264.5 mil
    Return on assets (ROA): -3.12% (-$9.3 mil)
    Quarterly return on assets: -1.83% (-$5.4 mil)
    Return on Equity (ROE): -70.79% (-$7.8 mil)
    Quarterly return on equity: -49.74% (-$5.5 mil)
    Net income: -$10.3 mil
    Quarterly Net income: -$1.4 mil
    Pretax return on assets: -3.12% (-$9,251.8 mil)
    Quarterly Pretax return on assets: -1.83% (-$5,426.5 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
  • 73Total employees (full-time equivalent)
  • $296,532Total assets
  • $53,548Cash and due from depository institutions
  • $47,875Interest-bearing balances
  • $18,356Securities
  • $5,005Federal funds sold & reverse repurchase agreements
  • $192,345Net loans & leases
  • $7,798Loan loss allowance
  • $0Trading account assets
  • $7,299Bank premises and fixed assets
  • $11,300Other real estate owned
  • $0Goodwill and other intangibles
  • $296,532Life insurance assets
  • $8,679All other assets
  • $285,732Total liabilities and capital
  • $264,480Total liabilities
  • $222,179Total deposits
  • $264,480Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 5595.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $657Subordinated debt
  • $10,800All other liabilities
  • $10,800Total equity capital
  • $10,800Total bank equity capital
  • $0Perpetual preferred stock
  • $5,963Common stock
  • $28,764Surplus
  • $-23,927Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,304Income earned, not collected on loans
  • $0Earning assets
  • $784Long-term assets (5+ years)
  • $263,581Average Assets, year-to-date
  • $89,138Average Assets, quarterly
  • $332,031Volatile liabilities
  • $312,447Insider loans
  • $200,376FHLB advances
  • $320,053Loans and leases held for sale
  • $5,497Unused loan commitments
  • $4,975Tier 1 (core) risk-based capital
  • $10,390Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $522Total unused commitments
  • $19,314Restructured Loans and leases
  • $11,204Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,588Total interest income
  • $3,308Total interest expense
  • $9,280Net interest income
  • $8,338Provision for loan and lease losses
  • $2,206Total noninterest income
  • $0Fiduciary activities
  • $1,550Service charges on deposit accounts
  • $0Trading account gains & fees
  • $656Additional noninterest income
  • $13,491Total noninterest expense
  • $5,404Salaries and employee benefits
  • $1,892Premises and equipment expense
  • $6,195Additional noninterest expense
  • -$10,343Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$10,343Income before extraordinary items
  • $0Extraordinary gains - net
  • -$10,343Net income attributable to bank
  • $0Net charge-offs
  • -$10,343Cash dividends
  • $10,664Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.08%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • -3.12%Net operating income to assets
  • -3.12%Return on assets (ROA)
  • -3.12%Pretax return on assets
  • -70.79%Return on equity (ROE)
  • -70.79%Retained earnings to average equity (YTD only)
  • 4.74%Net charge-offs to loans
  • 78.19%Credit loss provision to net charge-offs
  • -0.19%Efficiency ratio
  • 117,456Assets per employee
  • 4.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.90%Loss allowance to noncurrent loans
  • 38.41%Noncurrent assets plus other real estate owned to assets
  • 10.66%Noncurrent loans to loans
  • 10.14%Net loans and leases to deposits
  • 72.73%Net loans and leases to core deposits
  • 80.65%Equity capital to assets
  • 3.64%Core capital (leverage) ratio
  • 3.25%Tier 1 risk-based capital ratio
  • 5.19%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $332,031Average earning assets
  • $14,611Average equity
  • $301,713Average loans

List of branches

  • 7 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    055570Premier Bank3110 Capital Circle, Northeast, Tallahassee, FL 32308March 14, 1995Full Service Brick and Mortar
    4418492West Tennessee Street Branch2780 West Tennessee Street, Tallahassee, FL 32304January 21, 2003Full Service Brick and Mortar
    5423195Bradfordville Branch6529 Thomasville Road, Tallahassee, FL 32309October 18, 2003Full Service Brick and Mortar
    6430132Apalachee Parkway Branch3615 Apalachee Parkway, Tallahassee, FL 32311May 18, 2004Full Service Brick and Mortar
    7432082Quincy Branch702 Pat Thomas Highway, Quincy, FL 32351July 21, 2004Full Service Brick and Mortar
    8450364Village Square Office1639 Village Square Boulevard, Tallahassee, FL 32309March 20, 2006Full Service Brick and Mortar
    9452408Betton Branch1953 Thomasville Road, Tallahassee, FL 32308July 10, 2006Full Service Brick and Mortar

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