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

This bank is inactive as of November 18, 1995

  • Premier Bank-North, National Association in Clintwood, Virginia (VA)
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Premier Bank-North, National Association - Overview

  • General
  • FDIC Certificate #: 23371
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank-Central, National Association (#20619)
    Federal Reserve ID: 74122
    Date Established: April 03, 1981
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 16386
    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: April 03, 1981
    Last Structure Change Effective Date: November 18, 1995
    Last Structure Change Process Date: December 07, 1995
    Last Data Update: December 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 730 Chase Street, Clintwood, VA 24228
    County: Dickenson
    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: $144.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $45Total assets
  • $87,636Cash and due from depository institutions
  • $2,875Interest-bearing balances
  • $0Securities
  • $19,702Federal funds sold & reverse repurchase agreements
  • $4,385Net loans & leases
  • $58,037Loan loss allowance
  • $805Trading account assets
  • $0Bank premises and fixed assets
  • $1,290Other real estate owned
  • $200Goodwill and other intangibles
  • $1,147Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $87,636Total liabilities
  • $81,253Total deposits
  • $80,907Interest-bearing deposits
  • $72,325Deposits held in domestic offices
  • 80907.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $346Total equity capital
  • $346Total bank equity capital
  • $6,383Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $750Undivided profits
  • Memoranda
  • $4,883Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $347Income earned, not collected on loans
  • $276Earning assets
  • $82,124Long-term assets (5+ years)
  • $29,395Average Assets, year-to-date
  • $84,796Average Assets, quarterly
  • $85,747Volatile liabilities
  • $12,741Insider loans
  • $872FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $213Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,559Total risk weighted assets
  • $50,865Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,793Total interest expense
  • $2,876Net interest income
  • $3,917Provision for loan and lease losses
  • $145Total noninterest income
  • $324Fiduciary activities
  • $0Service charges on deposit accounts
  • $190Trading account gains & fees
  • $0Additional noninterest income
  • $134Total noninterest expense
  • $2,429Salaries and employee benefits
  • $1,241Premises and equipment expense
  • $305Additional noninterest expense
  • $883Pre-tax net operating income
  • $1,667Securities gains (losses)
  • $0Applicable income taxes
  • $444Income before extraordinary items
  • $1,223Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,223Net charge-offs
  • $86Cash dividends
  • $94Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.51%Cost of funding earning assets
  • 3.60%Net interest margin
  • 4.91%Noninterest income to earning assets
  • 0.41%Noninterest expense to earning assets
  • 3.04%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 1.97%Return on equity (ROE)
  • 20.39%Retained earnings to average equity (YTD only)
  • 18.82%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 168.60%Efficiency ratio
  • 57,274Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.69%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 231.99%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 71.73%Net loans and leases to core deposits
  • 85.14%Equity capital to assets
  • 7.28%Core capital (leverage) ratio
  • 7.60%Tier 1 risk-based capital ratio
  • 12.90%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $84,796Average earning assets
  • $5,999Average equity
  • $79,856Average loans

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