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- Banks in Florida (FL)
- Premier Community Bank of Florida
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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- Banks in Florida (FL)
- Premier Community Bank of Florida
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