Premier Service Bank in Riverside, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Premier Service Bank - Overview

  • General
  • FDIC Certificate #: 57059
    Status: Active
    Federal Reserve ID: 3049514
    Date Established: September 10, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 356559
    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: September 10, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3637 Arlington Avenue, Suite B, Riverside, CA 92506
    County: Riverside
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $141.3 mil
    Equity capital: $10.7 mil
    Deposits held in domestic offices: $111.8 mil
    Return on assets (ROA): -1.47% (-$2.1 mil)
    Quarterly return on assets: -2.29% (-$3.2 mil)
    Return on Equity (ROE): -18.53% (-$2.0 mil)
    Quarterly return on equity: -29.54% (-$3.2 mil)
    Net income: -$2.2 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -1.47% (-$2,076.5 mil)
    Quarterly Pretax return on assets: -2.29% (-$3,234.8 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
  • 37Total employees (full-time equivalent)
  • $141,256Total assets
  • $22,867Cash and due from depository institutions
  • $16,411Interest-bearing balances
  • $8,446Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $101,111Net loans & leases
  • $2,359Loan loss allowance
  • $0Trading account assets
  • $411Bank premises and fixed assets
  • $2,927Other real estate owned
  • $0Goodwill and other intangibles
  • $141,256Life insurance assets
  • $5,494All other assets
  • $130,571Total liabilities and capital
  • $111,759Total liabilities
  • $70,629Total deposits
  • $111,759Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,000Trading liabilities
  • $0Other borrowed funds
  • $812Subordinated debt
  • $10,685All other liabilities
  • $10,685Total equity capital
  • $10,685Total bank equity capital
  • $4,108Perpetual preferred stock
  • $13,148Common stock
  • $285Surplus
  • $-6,856Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,927Income earned, not collected on loans
  • $0Earning assets
  • $444Long-term assets (5+ years)
  • $125,968Average Assets, year-to-date
  • $46,363Average Assets, quarterly
  • $148,641Volatile liabilities
  • $143,170Insider loans
  • $111,331FHLB advances
  • $147,049Loans and leases held for sale
  • $3,425Unused loan commitments
  • $3,425Tier 1 (core) risk-based capital
  • $10,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,825Restructured Loans and leases
  • $491Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,489Total interest income
  • $990Total interest expense
  • $6,499Net interest income
  • $2,794Provision for loan and lease losses
  • $99Total noninterest income
  • $0Fiduciary activities
  • $372Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$273Additional noninterest income
  • $5,990Total noninterest expense
  • $2,812Salaries and employee benefits
  • $671Premises and equipment expense
  • $2,507Additional noninterest expense
  • -$2,186Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,186Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,186Net income attributable to bank
  • $0Net charge-offs
  • -$2,186Cash dividends
  • $2,984Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.86%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • -1.47%Net operating income to assets
  • -1.47%Return on assets (ROA)
  • -1.47%Pretax return on assets
  • -18.53%Return on equity (ROE)
  • -18.53%Retained earnings to average equity (YTD only)
  • 2.69%Net charge-offs to loans
  • 93.63%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 90,785Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 26.43%Noncurrent assets plus other real estate owned to assets
  • 8.39%Noncurrent loans to loans
  • 8.63%Net loans and leases to deposits
  • 90.47%Net loans and leases to core deposits
  • 91.81%Equity capital to assets
  • 7.56%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 9.52%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $148,641Average earning assets
  • $11,797Average equity
  • $133,653Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356559Premier Service Bank3637 Arlington Avenue, Suite B, Riverside, CA 92506September 10, 2001Full Service Brick and Mortar
    1361751Courier Service Branch3637 Arlington Avenue, Suite B, Riverside, CA 92506September 10, 2001Limited Service Messenger
    2426730Premier Service Bank - Corona Region102 East Sixth Street, Corona, CA 92879July 14, 2003Full Service Brick and Mortar

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