Premier Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

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

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
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
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

No	ID	Name	Address	Established	Service Type
16	15812	Adams National Bank Branch	1130 Connecticut Avenue, N.W., Suite 200, Washington, DC 20036	May 15, 1978	Full Service Brick and Mortar
17	255095	Georgetown Branch	1729 Wisconsin Ave Nw, Washington, DC 20007	August 09, 1982	Full Service Brick and Mortar
18	255096	Union Station	50 Massachusetts Avenue, S.E., Washington, DC 20002	November 04, 1982	Full Service Brick and Mortar
19	255097	Dupont Circle East Branch	1604 17th Street, N.W., Washington, DC 20009	October 21, 1996	Full Service Brick and Mortar
20	255098	Chinatown Branch	802 7th Street N W, Washington, DC 20001	November 06, 1997	Full Service Brick and Mortar
21	365987	K Street Branch	1501 K Street, N.W., Washington, DC 20006	October 28, 2002	Full Service Brick and Mortar

1 Maryland Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
22	422883	Silver Spring Branch	8121 Georgia Avenue, Silver Spring, MD 20910	September 02, 2003	Full Service Brick and Mortar

2 Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
14	7401	Consolidated Bank And Trust Company	320 North First Street, Richmond, VA 23219	July 31, 1903	Full Service Brick and Mortar
15	41212	Downtown Hampton Branch	101 N Armistead Avenue, Hampton, VA 23669	January 01, 1889	Full Service Brick and Mortar

14 West Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	61749	Premier Bank, Inc.	2883 Fifth Ave, Huntington, WV 25702	June 27, 1998	Full Service Brick and Mortar
2	212150	Van Branch	18854 Pond Fork Road, Van, WV 25206	April 15, 1985	Limited Service Facility
3	334311	The Logan Branch	307 Hudgins Street, Logan, WV 25601	March 20, 2000	Full Service Brick and Mortar
4	362065	Branchland Branch	40 Lincoln Plaza, Branchland, WV 25506	November 30, 2000	Full Service Brick and Mortar
5	61750	First Central Bank Branch	2 South Main Street, Philippi, WV 26416	June 27, 1998	Full Service Brick and Mortar
6	290826	Buckhannon Branch	14 North Locust Street, Buckhannon, WV 26201	December 14, 1999	Full Service Brick and Mortar
7	512932	Bridgeport Branch	25 Oakmont Lane, Bridgeport, WV 26330	October 04, 2010	Full Service Brick and Mortar
8	534	Traders Bank, Inc Branch	601 Washington St, Ravenswood, WV 26164	March 27, 1903	Full Service Brick and Mortar
9	186148	Drive-In Facility	406 Main Street, Spencer, WV 25276	November 22, 1976	Full Service Brick and Mortar
10	186149	Ripley Branch	606 South Church Street, Ripley, WV 25271	March 06, 1989	Full Service Brick and Mortar
11	186150	Mineral Wells Branch	1397 Elizabeth Pike, Mineral Wells, WV 26150	August 10, 1998	Full Service Brick and Mortar
12	358757	Spencer Branch	303 Main Street, Spencer, WV 25276	July 19, 2001	Full Service Brick and Mortar
13	418741	Miller Drive Branch	103 Miller Drive, Ripley, WV 25271	July 08, 2002	Full Service Brick and Mortar
23	522188	Madison Branch	300 State Street, Madison, WV 25130	April 08, 2011	Full Service Brick and Mortar

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

Premier Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Premier Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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