Premier Community Bank of Florida in Largo, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 2004

  • Premier Community Bank of Florida in Largo, Florida (FL)
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Premier Community Bank of Florida - Overview

  • General
  • FDIC Certificate #: 26587
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Parish National Bank (#19783)
    Federal Reserve ID: 658036
    Date Established: March 07, 1986
    WWW: http://www.pcb-net.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 16024
    FDIC's unique #: 35291
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 07, 1986
    Last Structure Change Effective Date: June 24, 2004
    Last Structure Change Process Date: August 11, 2004
    Last Data Update: August 11, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 350 East Bay Drive, Largo, FL 33770
    County: Pinellas
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $364.6 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
  • 74Total employees (full-time equivalent)
  • $370,539Total assets
  • $23,798Cash and due from depository institutions
  • $2,797Interest-bearing balances
  • $62,462Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $249,091Net loans & leases
  • $4,052Loan loss allowance
  • $0Trading account assets
  • $2,483Bank premises and fixed assets
  • $0Other real estate owned
  • $5,458Goodwill and other intangibles
  • $0Life insurance assets
  • $27,247All other assets
  • $370,539Total liabilities and capital
  • $339,274Total liabilities
  • $311,146Total deposits
  • $276,432Interest-bearing deposits
  • $311,146Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,319Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,265Other borrowed funds
  • $0Subordinated debt
  • $1,544All other liabilities
  • $31,265Total equity capital
  • $31,265Total bank equity capital
  • $31,265Perpetual preferred stock
  • $0Common stock
  • $3,200Surplus
  • $28,541Undivided profits
  • Memoranda
  • $-476Noncurrent loans and leases
  • $39,275Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $124Earning assets
  • $0Long-term assets (5+ years)
  • $1,218Average Assets, year-to-date
  • $314,350Average Assets, quarterly
  • $39,021Volatile liabilities
  • $366,338Insider loans
  • $372,508FHLB advances
  • $36,243Loans and leases held for sale
  • $5,037Unused loan commitments
  • $17,265Tier 1 (core) risk-based capital
  • $5,335Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $39,275Total unused commitments
  • $0Restructured Loans and leases
  • $3,497Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $18,535Total interest income
  • $3,485Total interest expense
  • $15,050Net interest income
  • $60Provision for loan and lease losses
  • $2,156Total noninterest income
  • $0Fiduciary activities
  • $508Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,648Additional noninterest income
  • $10,144Total noninterest expense
  • $3,601Salaries and employee benefits
  • $706Premises and equipment expense
  • $5,837Additional noninterest expense
  • $7,002Pre-tax net operating income
  • $318Securities gains (losses)
  • $2,212Applicable income taxes
  • $5,108Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,108Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $57Sale, conversion, retirement of capital stock, net
  • $4,972Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.84%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 16.72%Return on equity (ROE)
  • 0.45%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 105.26%Credit loss provision to net charge-offs
  • 123.89%Efficiency ratio
  • 58,956Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.34%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 3267.74%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 80.06%Net loans and leases to core deposits
  • 85.47%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 7.06%Tier 1 risk-based capital ratio
  • 9.16%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $366,338Average earning assets
  • $30,548Average equity
  • $311,239Average loans

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