Premier Bank, Inc. in Huntington, West Virginia (WV), DC, VA, MD
Overview, Financial Summary, Detailed Financial Reports, Branches

Premier Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 34837
    Status: Active
    Federal Reserve ID: 2692753
    Bank Holding Company (Regulatory Top Holder): Premier Financial Bancorp, Inc. (RSSDID: 2007647, Location: Huntington, WV)
    Date Established: June 27, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 23 (Domestic: 23, Interstate: Yes)
    FDIC's unique #: 61749
    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: June 27, 1998
    Last Structure Change Effective Date: April 08, 2011
    Last Structure Change Process Date: April 26, 2011
    Last Data Update: April 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2883 Fifth Ave, Huntington, WV 25702
    County: Cabell
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
    Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
    CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $750.1 mil
    Equity capital: $107.3 mil
    Deposits held in domestic offices: $622.1 mil
    Return on assets (ROA): 0.70% ($5.3 mil)
    Quarterly return on assets: 1.01% ($7.6 mil)
    Return on Equity (ROE): 5.21% ($5.6 mil)
    Quarterly return on equity: 7.15% ($7.7 mil)
    Net income: $5.5 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.08% ($8,101.0 mil)
    Quarterly Pretax return on assets: 1.61% ($12,076.5 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
  • 228Total employees (full-time equivalent)
  • $750,094Total assets
  • $59,756Cash and due from depository institutions
  • $38,087Interest-bearing balances
  • $176,252Securities
  • $929Federal funds sold & reverse repurchase agreements
  • $454,885Net loans & leases
  • $6,833Loan loss allowance
  • $0Trading account assets
  • $12,358Bank premises and fixed assets
  • $13,493Other real estate owned
  • $21,353Goodwill and other intangibles
  • $750,094Life insurance assets
  • $11,068All other assets
  • $642,777Total liabilities and capital
  • $622,093Total liabilities
  • $483,750Total deposits
  • $622,093Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 8717.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,042Trading liabilities
  • $0Other borrowed funds
  • $1,925Subordinated debt
  • $107,317All other liabilities
  • $107,317Total equity capital
  • $107,317Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $83,091Surplus
  • $23,226Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39,266Income earned, not collected on loans
  • $2,291Earning assets
  • $2,235Long-term assets (5+ years)
  • $670,153Average Assets, year-to-date
  • $155,872Average Assets, quarterly
  • $786,375Volatile liabilities
  • $759,593Insider loans
  • $461,800FHLB advances
  • $731,161Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $82,645Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $41,146Restructured Loans and leases
  • $18,028Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,931Total interest income
  • $5,083Total interest expense
  • $30,848Net interest income
  • $2,520Provision for loan and lease losses
  • $4,261Total noninterest income
  • $0Fiduciary activities
  • $1,891Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,370Additional noninterest income
  • $24,065Total noninterest expense
  • $9,636Salaries and employee benefits
  • $3,809Premises and equipment expense
  • $10,620Additional noninterest expense
  • $8,524Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,047Applicable income taxes
  • $5,477Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,477Net income attributable to bank
  • $0Net charge-offs
  • $5,477Cash dividends
  • $2,040Sale, conversion, retirement of capital stock, net
  • $3,900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 5.21%Return on equity (ROE)
  • 1.50%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 123.53%Credit loss provision to net charge-offs
  • 5.41%Efficiency ratio
  • 67,310Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.21%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 17.40%Noncurrent assets plus other real estate owned to assets
  • 7.03%Noncurrent loans to loans
  • 8.50%Net loans and leases to deposits
  • 73.12%Net loans and leases to core deposits
  • 76.54%Equity capital to assets
  • 14.31%Core capital (leverage) ratio
  • 11.30%Tier 1 risk-based capital ratio
  • 17.90%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $786,375Average earning assets
  • $105,183Average equity
  • $706,028Average loans

List of branches

  • 6 District Of Columbia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1615812Adams National Bank Branch1130 Connecticut Avenue, N.W., Suite 200, Washington, DC 20036May 15, 1978Full Service Brick and Mortar
    17255095Georgetown Branch1729 Wisconsin Ave Nw, Washington, DC 20007August 09, 1982Full Service Brick and Mortar
    18255096Union Station50 Massachusetts Avenue, S.E., Washington, DC 20002November 04, 1982Full Service Brick and Mortar
    19255097Dupont Circle East Branch1604 17th Street, N.W., Washington, DC 20009October 21, 1996Full Service Brick and Mortar
    20255098Chinatown Branch802 7th Street N W, Washington, DC 20001November 06, 1997Full Service Brick and Mortar
    21365987K Street Branch1501 K Street, N.W., Washington, DC 20006October 28, 2002Full Service Brick and Mortar
  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    22422883Silver Spring Branch8121 Georgia Avenue, Silver Spring, MD 20910September 02, 2003Full Service Brick and Mortar
  • 2 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    147401Consolidated Bank And Trust Company320 North First Street, Richmond, VA 23219July 31, 1903Full Service Brick and Mortar
    1541212Downtown Hampton Branch101 N Armistead Avenue, Hampton, VA 23669January 01, 1889Full Service Brick and Mortar
  • 14 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061749Premier Bank, Inc.2883 Fifth Ave, Huntington, WV 25702June 27, 1998Full Service Brick and Mortar
    2212150Van Branch18854 Pond Fork Road, Van, WV 25206April 15, 1985Limited Service Facility
    3334311The Logan Branch307 Hudgins Street, Logan, WV 25601March 20, 2000Full Service Brick and Mortar
    4362065Branchland Branch40 Lincoln Plaza, Branchland, WV 25506November 30, 2000Full Service Brick and Mortar
    561750First Central Bank Branch2 South Main Street, Philippi, WV 26416June 27, 1998Full Service Brick and Mortar
    6290826Buckhannon Branch14 North Locust Street, Buckhannon, WV 26201December 14, 1999Full Service Brick and Mortar
    7512932Bridgeport Branch25 Oakmont Lane, Bridgeport, WV 26330October 04, 2010Full Service Brick and Mortar
    8534Traders Bank, Inc Branch601 Washington St, Ravenswood, WV 26164March 27, 1903Full Service Brick and Mortar
    9186148Drive-In Facility406 Main Street, Spencer, WV 25276November 22, 1976Full Service Brick and Mortar
    10186149Ripley Branch606 South Church Street, Ripley, WV 25271March 06, 1989Full Service Brick and Mortar
    11186150Mineral Wells Branch1397 Elizabeth Pike, Mineral Wells, WV 26150August 10, 1998Full Service Brick and Mortar
    12358757Spencer Branch303 Main Street, Spencer, WV 25276July 19, 2001Full Service Brick and Mortar
    13418741Miller Drive Branch103 Miller Drive, Ripley, WV 25271July 08, 2002Full Service Brick and Mortar
    23522188Madison Branch300 State Street, Madison, WV 25130April 08, 2011Full Service Brick and Mortar

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