Premier Commercial Bank in Greensboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Premier Commercial Bank in Greensboro, North Carolina (NC)
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Premier Commercial Bank - Overview

  • General
  • FDIC Certificate #: 58754
    Status: Active
    Federal Reserve ID: 3688566
    Date Established: May 12, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 466837
    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: May 12, 2008
    Last Structure Change Effective Date: May 12, 2008
    Last Structure Change Process Date: May 14, 2008
    Last Data Update: May 14, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 Green Valley Road, Suite 102, Greensboro, NC 27408
    County: Guilford
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $131.8 mil
    Equity capital: $15.0 mil
    Deposits held in domestic offices: $96.7 mil
    Return on assets (ROA): -0.64% (-$0.8 mil)
    Quarterly return on assets: -0.36% (-$0.5 mil)
    Return on Equity (ROE): -5.01% (-$0.8 mil)
    Quarterly return on equity: -3.08% (-$0.5 mil)
    Net income: -$0.8 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.64% (-$843.6 mil)
    Quarterly Pretax return on assets: -0.36% (-$474.5 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
  • 29Total employees (full-time equivalent)
  • $131,807Total assets
  • $12,265Cash and due from depository institutions
  • $8,140Interest-bearing balances
  • $38,698Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $78,330Net loans & leases
  • $1,165Loan loss allowance
  • $266Trading account assets
  • $251Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $131,807Life insurance assets
  • $1,997All other assets
  • $116,829Total liabilities and capital
  • $96,715Total liabilities
  • $85,483Total deposits
  • $96,715Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 72.00%% insured (estimated)
  • $266Federal funds purchased & repurchase agreements
  • $19,575Trading liabilities
  • $0Other borrowed funds
  • $201Subordinated debt
  • $14,978All other liabilities
  • $14,978Total equity capital
  • $14,978Total bank equity capital
  • $0Perpetual preferred stock
  • $9,647Common stock
  • $11,265Surplus
  • $-5,934Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,051Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $43Income earned, not collected on loans
  • $0Earning assets
  • $381Long-term assets (5+ years)
  • $125,168Average Assets, year-to-date
  • $35,571Average Assets, quarterly
  • $117,437Volatile liabilities
  • $129,333Insider loans
  • $89,751FHLB advances
  • $129,788Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,373Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,608Restructured Loans and leases
  • $4,882Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,766Total interest income
  • $1,333Total interest expense
  • $3,433Net interest income
  • $292Provision for loan and lease losses
  • $342Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $294Additional noninterest income
  • $4,347Total noninterest expense
  • $2,781Salaries and employee benefits
  • $507Premises and equipment expense
  • $1,059Additional noninterest expense
  • -$864Pre-tax net operating income
  • $110Securities gains (losses)
  • $0Applicable income taxes
  • -$754Income before extraordinary items
  • $0Extraordinary gains - net
  • -$754Net income attributable to bank
  • $0Net charge-offs
  • -$754Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.08%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • -0.74%Net operating income to assets
  • -0.64%Return on assets (ROA)
  • -0.64%Pretax return on assets
  • -5.01%Return on equity (ROE)
  • -5.01%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 115,152Assets per employee
  • 4.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 2709.30%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 80.99%Net loans and leases to core deposits
  • 98.54%Equity capital to assets
  • 11.36%Core capital (leverage) ratio
  • 11.07%Tier 1 risk-based capital ratio
  • 16.01%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $117,437Average earning assets
  • $15,062Average equity
  • $111,295Average loans

List of branches

  • 2 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0466837Premier Commercial Bank701 Green Valley Road, Suite 102, Greensboro, NC 27408May 12, 2008Full Service Brick and Mortar
    1500322Messenger Service706 Green Valley Road, Suite 105, Greensboro, NC 27408May 12, 2008Limited Service Messenger

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