Premier Bank-Central, National Association in Honaker, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 1997

  • Premier Bank-Central, National Association in Honaker, Virginia (VA)
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Premier Bank-Central, National Association - Overview

  • General
  • FDIC Certificate #: 20619
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Vantage Bank /Tri-Cities (#9982)
    Federal Reserve ID: 288125
    Date Established: Febuary 18, 1972
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Interstate: No)
    OTS Docket #: 13805
    FDIC's unique #: 14229
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 18, 1972
    Last Structure Change Effective Date: October 20, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 333 West Valley Boulevard, Honaker, VA 24260
    County: Russell
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • Financial Summary
  • Total assets: $304.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $166Total assets
  • $320,554Cash and due from depository institutions
  • $13,021Interest-bearing balances
  • $0Securities
  • $67,843Federal funds sold & reverse repurchase agreements
  • $1,435Net loans & leases
  • $221,647Loan loss allowance
  • $2,186Trading account assets
  • $0Bank premises and fixed assets
  • $6,500Other real estate owned
  • $149Goodwill and other intangibles
  • $3,697Life insurance assets
  • $6,262All other assets
  • $0Total liabilities and capital
  • $320,554Total liabilities
  • $290,267Total deposits
  • $287,310Interest-bearing deposits
  • $252,056Deposits held in domestic offices
  • 287310.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $1,400Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,557Total equity capital
  • $1,557Total bank equity capital
  • $30,287Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $8,086Undivided profits
  • Memoranda
  • $20,951Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,387Income earned, not collected on loans
  • $1,762Earning assets
  • $290,925Long-term assets (5+ years)
  • $101,575Average Assets, year-to-date
  • $311,012Average Assets, quarterly
  • $315,432Volatile liabilities
  • $31,262Insider loans
  • $989FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $16,114Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,344Total risk weighted assets
  • $208,945Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,654Total interest expense
  • $10,971Net interest income
  • $13,683Provision for loan and lease losses
  • $280Total noninterest income
  • $1,685Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,290Trading account gains & fees
  • $0Additional noninterest income
  • $395Total noninterest expense
  • $9,307Salaries and employee benefits
  • $4,364Premises and equipment expense
  • $911Additional noninterest expense
  • $4,032Pre-tax net operating income
  • $5,781Securities gains (losses)
  • $43Applicable income taxes
  • $1,577Income before extraordinary items
  • $4,247Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,247Net charge-offs
  • $300Cash dividends
  • $1,811Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.68%Cost of funding earning assets
  • 3.86%Net interest margin
  • 4.82%Noninterest income to earning assets
  • 0.59%Noninterest expense to earning assets
  • 3.28%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 1.87%Return on equity (ROE)
  • 14.73%Retained earnings to average equity (YTD only)
  • 8.45%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 93.33%Efficiency ratio
  • 57,600Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.64%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 157.61%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 77.15%Net loans and leases to core deposits
  • 86.09%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 11.65%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $311,012Average earning assets
  • $28,826Average equity
  • $283,894Average loans

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