PremierWest Bank in Medford, Oregon (OR), CA
| PremierWest Bank | |
|---|---|
| General | FDIC Certificate #: 32975 Status: Active Federal Reserve ID: 1457003 Bank Holding Company (Regulatory Top Holder): Premierwest Bancorp (RSSDID: 2867542, Location: Medford, OR) Date Established: June 18, 1990 WWW: http://www.premierwestbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 46 (Domestic: 46, Interstate: Yes) OTS Docket #: 13650 FDIC's unique #: 46154 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: June 18, 1990 Last Structure Change Effective Date: May 19, 2011 Last Structure Change Process Date: May 20, 2011 Last Data Update: May 20, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 503 Airport Road, Medford, OR 97504 County: Jackson Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Medford-Ashland, OR (#4890) Core Based Statistical Area (CBSA): Medford, OR (#32780) CBSA Metro Statistical Area: Medford, OR (#32780) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $1,264.9 mil Equity capital: $119.9 mil Deposits held in domestic offices: $1,128.9 mil Return on assets (ROA): -1.05% (-$13.3 mil) Quarterly return on assets: -0.98% (-$12.4 mil) Return on Equity (ROE): -11.34% (-$13.6 mil) Quarterly return on equity: -10.31% (-$12.4 mil) Net income: -$14.0 mil Quarterly Net income: -$3.1 mil Pretax return on assets: -1.04% (-$13,155.3 mil) Quarterly Pretax return on assets: -0.97% (-$12,269.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 452 |
| Total assets | $1,264,931 |
| Cash and due from depository institutions | $68,819 |
| Interest-bearing balances | $28,640 |
| Securities | $316,160 |
| Federal funds sold & reverse repurchase agreements | $4,030 |
| Net loans & leases | $775,543 |
| Loan loss allowance | $22,683 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $45,831 |
| Other real estate owned | $22,829 |
| Goodwill and other intangibles | $1,990 |
| All other assets | $29,729 |
| Life insurance assets | $1,264,931 |
| Total liabilities and capital | $1,145,048 |
| Total liabilities | $1,128,856 |
| Total deposits | $823,298 |
| Interest-bearing deposits | $1,128,856 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 4241.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $11,951 |
| All other liabilities | $119,883 |
| Total equity capital | $119,883 |
| Total bank equity capital | $119,883 |
| Perpetual preferred stock | $0 |
| Common stock | $4,858 |
| Surplus | $241,848 |
| Undivided profits | $-126,823 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $810 |
| Income earned, not collected on loans | $76,241 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $4,500 |
| Average Assets, year-to-date | $1,124,373 |
| Average Assets, quarterly | $331,861 |
| Volatile liabilities | $1,334,021 |
| Insider loans | $1,282,593 |
| FHLB advances | $956,822 |
| Loans and leases held for sale | $1,290,349 |
| Unused loan commitments | $15,946 |
| Tier 1 (core) risk-based capital | $14,086 |
| Tier 2 risk-based capital | $112,578 |
| Total risk weighted assets | $1,860 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $99,875 |
| Derivatives | $20,968 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $59,474 |
| Total interest expense | $8,943 |
| Net interest income | $50,531 |
| Provision for loan and lease losses | $14,350 |
| Total noninterest income | $1,996 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $3,909 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,913 |
| Total noninterest expense | $53,207 |
| Salaries and employee benefits | $26,671 |
| Premises and equipment expense | $7,674 |
| Additional noninterest expense | $18,862 |
| Pre-tax net operating income | -$15,030 |
| Securities gains (losses) | $1,115 |
| Applicable income taxes | $70 |
| Income before extraordinary items | -$13,985 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$13,985 |
| Net charge-offs | $0 |
| Cash dividends | -$13,985 |
| Sale, conversion, retirement of capital stock, net | $27,249 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.97% |
| Cost of funding earning assets | 0.75% |
| Net interest margin | 4.22% |
| Noninterest income to earning assets | 0.17% |
| Noninterest expense to earning assets | 4.44% |
| Net operating income to assets | -1.13% |
| Return on assets (ROA) | -1.05% |
| Pretax return on assets | -1.04% |
| Return on equity (ROE) | -11.34% |
| Retained earnings to average equity (YTD only) | -11.34% |
| Net charge-offs to loans | 3.07% |
| Credit loss provision to net charge-offs | 52.66% |
| Efficiency ratio | -0.02% |
| Assets per employee | $100,345 |
| Cash dividends to net income (YTD only) | 2.80% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.84% |
| Noncurrent assets plus other real estate owned to assets | 29.75% |
| Noncurrent loans to loans | 7.83% |
| Net loans and leases to deposits | 9.55% |
| Net loans and leases to core deposits | 68.70% |
| Equity capital to assets | 71.31% |
| Core capital (leverage) ratio | 9.48% |
| Tier 1 risk-based capital ratio | 8.72% |
| Total risk-based capital ratio | 11.77% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $1,334,021 |
| Average equity | $123,356 |
| Average loans | $1,197,275 |
| 22 California Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 13 | 16210 | Yreka Branch | 123 North Main Street, Yreka, CA 96097 | June 23, 1980 | Full Service Brick and Mortar |  |
| 14 | 255946 | Greenview Branch | 6701 North Highway 3, Greenview, CA 96037 | December 11, 1981 | Full Service Brick and Mortar | |
| 15 | 255947 | Weed Branch | 150 Alamo, Weed, CA 96094 | March 21, 1984 | Full Service Brick and Mortar | |
| 16 | 255948 | Mccloud Branch | 328 Main Street, Mccloud, CA 96057 | August 01, 1985 | Full Service Brick and Mortar | |
| 17 | 255949 | Dunsmuir Branch | 5800 Dunsmuir Avenue, Dunsmuir, CA 96025 | August 05, 1985 | Full Service Brick and Mortar | |
| 18 | 255952 | Dorris Branch | Third And California Streets, Dorris, CA 96023 | December 09, 1988 | Full Service Brick and Mortar | |
| 19 | 198372 | Tulelake Branch | 398 Main Street, Tulelake, CA 96134 | September 14, 1936 | Full Service Brick and Mortar | |
| 20 | 255954 | Mount Shasta Branch | 312 Maple Street, Mount Shasta, CA 96067 | October 17, 1994 | Full Service Brick and Mortar | |
| 26 | 420173 | Cypress Street Branch | 880 Cypress Avenue, Redding, CA 96001 | March 06, 2003 | Full Service Brick and Mortar | |
| 29 | 15351 | Red Bluff Branch | 950 Main Street, Red Bluff, CA 96080 | September 02, 1975 | Full Service Brick and Mortar | |
| 30 | 251954 | Corning Branch | 1201 Solano Street, Corning, CA 96021 | October 13, 1975 | Full Service Brick and Mortar | |
| 31 | 254081 | Redding Bechelli Branch | 2920 Bechelli Lane, Redding, CA 96002 | July 15, 1995 | Full Service Brick and Mortar | |
| 33 | 364520 | Chico Branch | 1834 Mangrove Ave #1, Chico, CA 95926 | December 11, 2001 | Full Service Brick and Mortar | |
| 37 | 433483 | Woodland Branch | 1100 Main Street, Suite 240, Woodland, CA 95695 | December 03, 2004 | Full Service Brick and Mortar | |
| 42 | 446182 | Anderson Branch | 2590 North Street, Anderson, CA 96007 | December 05, 2005 | Full Service Brick and Mortar | |
| 47 | 464483 | Roseville Messenger Service | 5 Sierra Gate Plaza, Suite 100, Roseville, CA 95678 | December 30, 2005 | Limited Service Messenger | |
| 48 | 46917 | Elk Grove | 9340 East Stockton Boulevard, Elk Grove, CA 95624 | March 12, 1991 | Full Service Brick and Mortar | |
| 49 | 289470 | Galt Branch | 701 C Street, Galt, CA 95632 | September 27, 1993 | Full Service Brick and Mortar | |
| 50 | 289471 | Rocklin Branch | 4875 Granite Drive, Rocklin, CA 95677 | June 16, 1997 | Full Service Brick and Mortar | |
| 51 | 289472 | Folsom Branch | 701 East Bidwell Street, Folsom, CA 95630 | July 01, 1997 | Full Service Brick and Mortar | |
| 55 | 511959 | Grass Valley Branch | 115 West Mcknight Way, Grass Valley, CA 95949 | July 17, 2009 | Full Service Brick and Mortar | |
| 56 | 511960 | Davis Branch | 333a F Street, Davis, CA 95616 | July 17, 2009 | Full Service Brick and Mortar | |
| 24 Oregon Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 46154 | Premierwest Bank | 503 Airport Road, Medford, OR 97504 | June 18, 1990 | Full Service Brick and Mortar |  |
| 1 | 289137 | Black Oak Branch | 2600 East Barnett Road, Medford, OR 97504 | January 03, 1994 | Full Service Brick and Mortar | |
| 2 | 289138 | Central Point Branch | 300 East Pine Street, Central Point, OR 97502 | March 22, 1999 | Full Service Brick and Mortar | |
| 3 | 11934 | Kane Street Branch | 555 S.E. Kane Street, Roseburg, OR 97470 | May 25, 1959 | Full Service Brick and Mortar | |
| 4 | 243520 | Garden Valley Branch | 350 N.E. Garden Valley Boulevard, Roseburg, OR 97470 | June 24, 1964 | Full Service Brick and Mortar | |
| 5 | 243521 | Winston Branch | 40 Northwest Glenhart, Winston, OR 97496 | June 17, 1960 | Full Service Brick and Mortar | |
| 6 | 243522 | Sutherlin Branch | 731 West Central Avenue, Sutherlin, OR 97479 | May 15, 1972 | Full Service Brick and Mortar | |
| 7 | 243523 | Drain Branch | 257 Second Street, Drain, OR 97435 | April 30, 1973 | Full Service Brick and Mortar | |
| 9 | 243526 | Glide Branch | 19421 North Umpqua Highway, Glide, OR 97443 | September 27, 1976 | Full Service Brick and Mortar | |
| 11 | 243528 | Crater Lake Plaza Branch | 3369 Crater Lake Highway, Medford, OR 97504 | March 08, 1999 | Full Service Brick and Mortar | |
| 21 | 361494 | Grants Pass-North Branch | 1409 Ne 7th Street, Grants Pass, OR 97526 | March 15, 2001 | Full Service Brick and Mortar | |
| 22 | 363755 | Rogue Valley Manor Branch | 1200 Mira Mar Avenue, Medford, OR 97504 | August 20, 2001 | Full Service Brick and Mortar | |
| 23 | 363756 | Grants Pass South Branch | 1689 Williams Highway, Grants Pass, OR 97526 | August 20, 2001 | Full Service Brick and Mortar | |
| 27 | 422402 | Downtown Medford Branch | 300 E. Main Street, Medford, OR 97501 | September 13, 2002 | Full Service Brick and Mortar | |
| 28 | 423124 | Medford Branch | 503 Airport Road, Medford, OR 97504 | September 08, 2003 | Full Service Brick and Mortar | |
| 34 | 425722 | Klamath Falls Branch | 421 South Seventh Street, Klamath Falls, OR 97601 | Febuary 04, 2004 | Full Service Brick and Mortar | |
| 36 | 428842 | Douglas County Messenger Service Bra | 2030 Stewart Parkway, Roseburg, OR 97470 | May 17, 2004 | Limited Service Messenger | |
| 38 | 433596 | Rogue Valley Messenger Service | 503 Airport Road, Suite 101, Medford, OR 97504 | October 01, 2004 | Limited Service Messenger | |
| 41 | 445524 | Eagle Point Branch | 44 W. Linn Road, Eagle Point, OR 97524 | October 11, 2005 | Full Service Brick and Mortar | |
| 43 | 451165 | Shady Cove Branch | 22175 Hwy 62, Shady Cove, OR 97539 | May 04, 2006 | Full Service Brick and Mortar | |
| 44 | 453614 | Ashland Branch | 2235 Hwy 66, Ashland, OR 97520 | May 10, 2006 | Full Service Brick and Mortar | |
| 45 | 456129 | Nolan Town Center | 875 Sw Rimrock Way, Redmond, OR 97756 | October 16, 2006 | Full Service Brick and Mortar | |
| 46 | 461014 | Tuscan Square Branch | 2155 N.E. Highway 20, Bend, OR 97702 | Febuary 26, 2007 | Full Service Brick and Mortar | |
| 53 | 480096 | Running Y Branch | 5408 Running Y Road, Klamath Falls, OR 97601 | April 24, 2008 | Full Service Brick and Mortar | |
User Contributions:
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with PremierWest Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.