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
    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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