Premier Bank in Wilmette, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 2012

Premier Bank - Overview

  • General
  • FDIC Certificate #: 35419
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: International Bank of Chicago (#33708)
    Federal Reserve ID: 2869199
    Bank Holding Company (Regulatory Top Holder): Premier Bancorp, Inc. (RSSDID: 2933522, Location: Wilmette, IL)
    Date Established: Febuary 14, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 80014
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 14, 2000
    Last Structure Change Effective Date: March 23, 2012
    Last Structure Change Process Date: March 26, 2012
    Last Data Update: March 26, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1210 Central Avenue, Wilmette, IL 60091
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $268.7 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $199.0 mil
    Return on assets (ROA): -3.21% (-$8.6 mil)
    Quarterly return on assets: -5.63% (-$15.1 mil)
    Return on Equity (ROE): -88.27% (-$5.3 mil)
    Quarterly return on equity: -200.21% (-$12.0 mil)
    Net income: -$9.2 mil
    Quarterly Net income: -$3.8 mil
    Pretax return on assets: -3.21% (-$8,625.4 mil)
    Quarterly Pretax return on assets: -5.63% (-$15,128.0 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
  • 23Total employees (full-time equivalent)
  • $268,703Total assets
  • $10,092Cash and due from depository institutions
  • $2,915Interest-bearing balances
  • $76,939Securities
  • $19,496Federal funds sold & reverse repurchase agreements
  • $144,858Net loans & leases
  • $12,093Loan loss allowance
  • $0Trading account assets
  • $6,285Bank premises and fixed assets
  • $4,097Other real estate owned
  • $0Goodwill and other intangibles
  • $268,703Life insurance assets
  • $6,936All other assets
  • $263,203Total liabilities and capital
  • $198,953Total liabilities
  • $188,573Total deposits
  • $198,953Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $62,962Trading liabilities
  • $0Other borrowed funds
  • $1,288Subordinated debt
  • $5,500All other liabilities
  • $5,500Total equity capital
  • $5,500Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $20,420Surplus
  • $-15,920Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $52,669Income earned, not collected on loans
  • $0Earning assets
  • $846Long-term assets (5+ years)
  • $244,208Average Assets, year-to-date
  • $53,555Average Assets, quarterly
  • $285,357Volatile liabilities
  • $273,021Insider loans
  • $168,523FHLB advances
  • $275,571Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,874Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,951Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,581Total interest income
  • $6,785Total interest expense
  • $3,796Net interest income
  • $6,122Provision for loan and lease losses
  • -$285Total noninterest income
  • $0Fiduciary activities
  • $248Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$533Additional noninterest income
  • $7,313Total noninterest expense
  • $2,114Salaries and employee benefits
  • $676Premises and equipment expense
  • $4,523Additional noninterest expense
  • -$9,924Pre-tax net operating income
  • $763Securities gains (losses)
  • $0Applicable income taxes
  • -$9,161Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,161Net income attributable to bank
  • $0Net charge-offs
  • -$9,161Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 2.79%Cost of funding earning assets
  • 1.56%Net interest margin
  • -0.12%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • -3.48%Net operating income to assets
  • -3.21%Return on assets (ROA)
  • -3.21%Pretax return on assets
  • -88.27%Return on equity (ROE)
  • -88.27%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 5886.54%Credit loss provision to net charge-offs
  • -36.56%Efficiency ratio
  • 208,288Assets per employee
  • 11.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.70%Loss allowance to noncurrent loans
  • 22.96%Noncurrent assets plus other real estate owned to assets
  • 21.13%Noncurrent loans to loans
  • 33.56%Net loans and leases to deposits
  • 72.81%Net loans and leases to core deposits
  • 88.30%Equity capital to assets
  • 2.05%Core capital (leverage) ratio
  • 1.41%Tier 1 risk-based capital ratio
  • 2.30%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $285,357Average earning assets
  • $10,379Average equity
  • $243,169Average loans

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