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- Banks in Virginia (VA)
- Premier Bank-Richlands, National Association
Premier Bank-Richlands, National Association in Richlands, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of July 18, 1995
- Premier Bank-Richlands, National Association in Richlands, Virginia (VA)
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Premier Bank-Richlands, National Association - Overview
- General
- FDIC Certificate #: 6901
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Premier Bank, National Association (#6921)
Federal Reserve ID: 393421
Date Established: May 19, 1916
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 4637
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: January 01, 1934
Last Structure Change Effective Date: July 18, 1995
Last Structure Change Process Date: August 02, 1995
Last Data Update: August 02, 1995
Data Source Date: April 05, 2012 - Location
- Address: 1616 Second Street, Richlands, VA 24641
County: Tazewell
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
Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
CBSA Micro Statistical Area: Yes - Financial Summary
- Total assets: $75.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1994)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $44Total assets
- $78,588Cash and due from depository institutions
- $2,549Interest-bearing balances
- $0Securities
- $35,922Federal funds sold & reverse repurchase agreements
- $0Net loans & leases
- $36,530Loan loss allowance
- $871Trading account assets
- $0Bank premises and fixed assets
- $1,695Other real estate owned
- $209Goodwill and other intangibles
- $1,271Life insurance assets
- $412All other assets
- $0Total liabilities and capital
- $78,588Total liabilities
- $69,145Total deposits
- $67,692Interest-bearing deposits
- $60,949Deposits held in domestic offices
- 67692.00%% insured (estimated)
- $84Federal funds purchased & repurchase agreements
- $1,100Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $0All other liabilities
- $353Total equity capital
- $353Total bank equity capital
- $9,443Perpetual preferred stock
- $0Common stock
- $355Surplus
- $4,814Undivided profits
- Memoranda
- $4,274Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $1,002Income earned, not collected on loans
- $157Earning assets
- $72,452Long-term assets (5+ years)
- $42,567Average Assets, year-to-date
- $84,779Average Assets, quarterly
- $79,042Volatile liabilities
- $6,253Insider loans
- $999FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $520Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $9,611Total risk weighted assets
- $42,137Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1994)
- Dollar figures in thousands
- $0Total interest income
- $6,299Total interest expense
- $2,517Net interest income
- $3,782Provision for loan and lease losses
- $95Total noninterest income
- $246Fiduciary activities
- $0Service charges on deposit accounts
- $148Trading account gains & fees
- $0Additional noninterest income
- $98Total noninterest expense
- $2,360Salaries and employee benefits
- $1,027Premises and equipment expense
- $184Additional noninterest expense
- $1,149Pre-tax net operating income
- $1,573Securities gains (losses)
- $97Applicable income taxes
- $447Income before extraordinary items
- $1,223Extraordinary gains - net
- $0Net income attributable to bank
- $1,223Net charge-offs
- $192Cash dividends
- $469Sale, 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
- 7.94%Cost of funding earning assets
- 3.17%Net interest margin
- 4.77%Noninterest income to earning assets
- 0.31%Noninterest expense to earning assets
- 2.97%Net operating income to assets
- 1.36%Return on assets (ROA)
- 1.44%Pretax return on assets
- 1.97%Return on equity (ROE)
- 13.06%Retained earnings to average equity (YTD only)
- 8.05%Net charge-offs to loans
- 0.49%Credit loss provision to net charge-offs
- 49.48%Efficiency ratio
- 56,380Assets per employee
- 1.79%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 38.35%Loss allowance to loans
- 2.33%Loss allowance to noncurrent loans
- 86.93%Noncurrent assets plus other real estate owned to assets
- 1.54%Noncurrent loans to loans
- 2.68%Net loans and leases to deposits
- 53.97%Net loans and leases to core deposits
- 58.41%Equity capital to assets
- 12.02%Core capital (leverage) ratio
- 12.20%Tier 1 risk-based capital ratio
- 22.81%Total risk-based capital ratio
- Memoranda
- $24Average assets
- $84,779Average earning assets
- $9,366Average equity
- $79,351Average loans
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- Banks in Virginia (VA)
- Premier Bank-Richlands, National Association
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