Premier Bank in Rock Valley, Iowa (IA), SD
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Premier Bank in Rock Valley, Iowa (IA), SD
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Premier Bank - Overview

  • General
  • FDIC Certificate #: 34384
    Status: Active
    Federal Reserve ID: 2539960
    Bank Holding Company (Regulatory Top Holder): Premier Holdings, Ltd (RSSDID: 3066922, Location: Rock Valley, IA)
    Date Established: Febuary 25, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: Yes)
    OTS Docket #: 14334
    FDIC's unique #: 57147
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 25, 1997
    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: 1004 21st Avenue, Rock Valley, IA 51247
    County: Sioux
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $236.5 mil
    Equity capital: $25.7 mil
    Deposits held in domestic offices: $188.1 mil
    Return on assets (ROA): 2.66% ($6.3 mil)
    Quarterly return on assets: 2.60% ($6.1 mil)
    Return on Equity (ROE): 25.14% ($6.5 mil)
    Quarterly return on equity: 24.32% ($6.3 mil)
    Net income: $6.1 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 2.80% ($6,620.8 mil)
    Quarterly Pretax return on assets: 2.74% ($6,478.9 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
  • 30Total employees (full-time equivalent)
  • $236,456Total assets
  • $7,275Cash and due from depository institutions
  • $475Interest-bearing balances
  • $17,097Securities
  • $574Federal funds sold & reverse repurchase agreements
  • $201,678Net loans & leases
  • $2,896Loan loss allowance
  • $0Trading account assets
  • $1,792Bank premises and fixed assets
  • $50Other real estate owned
  • $1,458Goodwill and other intangibles
  • $236,456Life insurance assets
  • $6,532All other assets
  • $210,709Total liabilities and capital
  • $188,095Total liabilities
  • $157,790Total deposits
  • $188,095Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,000Trading liabilities
  • $0Other borrowed funds
  • $614Subordinated debt
  • $25,747All other liabilities
  • $25,747Total equity capital
  • $25,747Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $6,950Surplus
  • $18,547Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $213Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $99Income earned, not collected on loans
  • $0Earning assets
  • $2,427Long-term assets (5+ years)
  • $219,824Average Assets, year-to-date
  • $87,812Average Assets, quarterly
  • $228,248Volatile liabilities
  • $236,273Insider loans
  • $226,086FHLB advances
  • $231,684Loans and leases held for sale
  • $1,193Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,889Tier 2 risk-based capital
  • $1,193Total risk weighted assets
  • $0Total unused commitments
  • $37,033Restructured Loans and leases
  • $8Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,863Total interest income
  • $2,669Total interest expense
  • $9,194Net interest income
  • $385Provision for loan and lease losses
  • $955Total noninterest income
  • $0Fiduciary activities
  • $435Service charges on deposit accounts
  • $0Trading account gains & fees
  • $520Additional noninterest income
  • $3,461Total noninterest expense
  • $2,022Salaries and employee benefits
  • $255Premises and equipment expense
  • $1,184Additional noninterest expense
  • $6,303Pre-tax net operating income
  • $78Securities gains (losses)
  • $321Applicable income taxes
  • $6,060Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,060Net income attributable to bank
  • $0Net charge-offs
  • $6,060Cash dividends
  • $234Sale, conversion, retirement of capital stock, net
  • $2,980Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • 2.62%Net operating income to assets
  • 2.66%Return on assets (ROA)
  • 2.80%Pretax return on assets
  • 25.14%Return on equity (ROE)
  • 12.78%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 164.53%Credit loss provision to net charge-offs
  • 28.58%Efficiency ratio
  • 34,033Assets per employee
  • 7.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.17%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 2925.25%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 107.22%Net loans and leases to core deposits
  • 123.64%Equity capital to assets
  • 10.89%Core capital (leverage) ratio
  • 10.31%Tier 1 risk-based capital ratio
  • 10.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $228,248Average earning assets
  • $24,102Average equity
  • $213,691Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057147Premier Bank1004 21st Avenue, Rock Valley, IA 51247Febuary 25, 1997Full Service Brick and Mortar
    2230767Doon Branch227 Main Street, Doon, IA 51235July 03, 1937Full Service Brick and Mortar
    3429292Rock Rapids Branch710 First Avenue, Rock Rapids, IA 51246January 26, 2004Full Service Brick and Mortar
  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    411186Hudson Branch500 4th Street, Hudson, SD 57034September 02, 1952Full Service Brick and Mortar

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