Premier Bank, Inc. in Huntington, West Virginia (WV), DC, VA, MD



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Premier Bank, Inc.
GeneralFDIC 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
WWW: http://www.premierbankinc.com
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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)228
Total assets$750,094
Cash and due from depository institutions$59,756
Interest-bearing balances$38,087
Securities$176,252
Federal funds sold & reverse repurchase agreements$929
Net loans & leases$454,885
Loan loss allowance $6,833
Trading account assets$0
Bank premises and fixed assets$12,358
Other real estate owned$13,493
Goodwill and other intangibles$21,353
All other assets$11,068
Life insurance assets$750,094
Total liabilities and capital$642,777
Total liabilities$622,093
Total deposits$483,750
Interest-bearing deposits$622,093
Deposits held in domestic offices$87
% insured (estimated)8717.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,042
Other borrowed funds $0
Subordinated debt $1,925
All other liabilities $107,317
Total equity capital$107,317
Total bank equity capital$107,317
Perpetual preferred stock$0
Common stock$1,000
Surplus$83,091
Undivided profits $23,226
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $39,266
Earning assets $2,291
Long-term assets (5+ years) $2,235
Average Assets, year-to-date $670,153
Average Assets, quarterly $155,872
Volatile liabilities $786,375
Insider loans $759,593
FHLB advances $461,800
Loans and leases held for sale $731,161
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $82,645
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $41,146
Derivatives$18,028
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $35,931
Total interest expense $5,083
Net interest income $30,848
Provision for loan and lease losses $2,520
Total noninterest income $4,261
Fiduciary activities $0
Service charges on deposit accounts $1,891
Trading account gains & fees $0
Additional noninterest income $2,370
Total noninterest expense $24,065
Salaries and employee benefits $9,636
Premises and equipment expense $3,809
Additional noninterest expense $10,620
Pre-tax net operating income $8,524
Securities gains (losses) $0
Applicable income taxes $3,047
Income before extraordinary items $5,477
Extraordinary gains - net $0
Net income attributable to bank $5,477
Net charge-offs $0
Cash dividends $5,477
Sale, conversion, retirement of capital stock, net $2,040
Net operating income $3,900
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.09%
Cost of funding earning assets 0.72%
Net interest margin 4.37%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 3.41%
Net operating income to assets 0.70%
Return on assets (ROA) 0.70%
Pretax return on assets 1.08%
Return on equity (ROE) 5.21%
Retained earnings to average equity (YTD only) 1.50%
Net charge-offs to loans 0.43%
Credit loss provision to net charge-offs 123.53%
Efficiency ratio5.41%
Assets per employee$67,310
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 71.21%
Loss allowance to noncurrent loans 1.48%
Noncurrent assets plus other real estate owned to assets 17.40%
Noncurrent loans to loans 7.03%
Net loans and leases to deposits8.50%
Net loans and leases to core deposits 73.12%
Equity capital to assets 76.54%
Core capital (leverage) ratio 14.31%
Tier 1 risk-based capital ratio 11.30%
Total risk-based capital ratio 17.90%
Memoranda
Average assets$19
Average earning assets$786,375
Average equity $105,183
Average loans $706,028
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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
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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
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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
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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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