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- Banks in Florida (FL)
- Premier Community Bank
Premier Community Bank in Venice, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of June 24, 2004
- Premier Community Bank in Venice, Florida (FL)
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Premier Community Bank - Overview
- General
- FDIC Certificate #: 34344
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Omni National Bank (#22238)
Federal Reserve ID: 2435400
Date Established: November 01, 1996
WWW: http://www.pcbgulfcoast.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 57103
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 01, 1996
Last Structure Change Effective Date: June 24, 2004
Last Structure Change Process Date: July 07, 2004
Last Data Update: July 07, 2004
Data Source Date: April 05, 2012 - Location
- Address: 160 Pointe Loop Drive, Venice, FL 34293
County: Sarasota
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Tampa
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840) - Financial Summary
- Total assets: $133.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
- Dollar figures in thousands
- 34Total employees (full-time equivalent)
- $125,619Total assets
- $7,740Cash and due from depository institutions
- $24Interest-bearing balances
- $23,420Securities
- $0Federal funds sold & reverse repurchase agreements
- $87,872Net loans & leases
- $970Loan loss allowance
- $0Trading account assets
- $4,649Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,938All other assets
- $125,619Total liabilities and capital
- $116,670Total liabilities
- $89,333Total deposits
- $72,236Interest-bearing deposits
- $89,333Deposits held in domestic offices
- 0.00%% insured (estimated)
- $11,168Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $15,500Other borrowed funds
- $0Subordinated debt
- $669All other liabilities
- $8,949Total equity capital
- $8,949Total bank equity capital
- $8,949Perpetual preferred stock
- $0Common stock
- $2,000Surplus
- $6,200Undivided profits
- Memoranda
- $749Noncurrent loans and leases
- $24,955Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $660Earning assets
- $195Long-term assets (5+ years)
- $467Average Assets, year-to-date
- $111,316Average Assets, quarterly
- $29,833Volatile liabilities
- $125,414Insider loans
- $124,352FHLB advances
- $17,522Loans and leases held for sale
- $4,734Unused loan commitments
- $15,500Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $24,955Total unused commitments
- $0Restructured Loans and leases
- $970Derivatives
Income and Expense (December 31, 2003)
- Dollar figures in thousands
- $6,535Total interest income
- $1,826Total interest expense
- $4,709Net interest income
- $270Provision for loan and lease losses
- $627Total noninterest income
- $0Fiduciary activities
- $208Service charges on deposit accounts
- $0Trading account gains & fees
- $419Additional noninterest income
- $4,033Total noninterest expense
- $1,945Salaries and employee benefits
- $402Premises and equipment expense
- $1,686Additional noninterest expense
- $1,033Pre-tax net operating income
- $348Securities gains (losses)
- $512Applicable income taxes
- $869Income before extraordinary items
- $0Extraordinary gains - net
- $869Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $212Sale, conversion, retirement of capital stock, net
- $766Net operating income
Performance and Condition Ratios (December 31, 2003)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.90%Yield on earning assets
- 1.65%Cost of funding earning assets
- 4.25%Net interest margin
- 0.57%Noninterest income to earning assets
- 3.64%Noninterest expense to earning assets
- 0.52%Net operating income to assets
- 0.69%Return on assets (ROA)
- 1.10%Pretax return on assets
- 10.21%Return on equity (ROE)
- 1.21%Retained earnings to average equity (YTD only)
- 0.25%Net charge-offs to loans
- 127.36%Credit loss provision to net charge-offs
- 6.15%Efficiency ratio
- 75,581Assets per employee
- 3.69%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 88.15%Loss allowance to loans
- 1.09%Loss allowance to noncurrent loans
- 146.97%Noncurrent assets plus other real estate owned to assets
- 0.53%Noncurrent loans to loans
- 0.74%Net loans and leases to deposits
- 98.36%Net loans and leases to core deposits
- 103.40%Equity capital to assets
- 7.12%Core capital (leverage) ratio
- 7.31%Tier 1 risk-based capital ratio
- 9.45%Total risk-based capital ratio
- Memoranda
- $10Average assets
- $125,414Average earning assets
- $8,511Average equity
- $110,851Average loans
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- Banks in Florida (FL)
- Premier Community Bank
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