PremierWest Bank in Medford, Oregon (OR), CA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • PremierWest Bank in Medford, Oregon (OR), CA
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PremierWest Bank - Overview

  • 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
    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)

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, 2011)

  • Dollar figures in thousands
  • 452Total employees (full-time equivalent)
  • $1,264,931Total assets
  • $68,819Cash and due from depository institutions
  • $28,640Interest-bearing balances
  • $316,160Securities
  • $4,030Federal funds sold & reverse repurchase agreements
  • $775,543Net loans & leases
  • $22,683Loan loss allowance
  • $0Trading account assets
  • $45,831Bank premises and fixed assets
  • $22,829Other real estate owned
  • $1,990Goodwill and other intangibles
  • $1,264,931Life insurance assets
  • $29,729All other assets
  • $1,145,048Total liabilities and capital
  • $1,128,856Total liabilities
  • $823,298Total deposits
  • $1,128,856Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 4241.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,951Subordinated debt
  • $119,883All other liabilities
  • $119,883Total equity capital
  • $119,883Total bank equity capital
  • $0Perpetual preferred stock
  • $4,858Common stock
  • $241,848Surplus
  • $-126,823Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $810Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $76,241Income earned, not collected on loans
  • $0Earning assets
  • $4,500Long-term assets (5+ years)
  • $1,124,373Average Assets, year-to-date
  • $331,861Average Assets, quarterly
  • $1,334,021Volatile liabilities
  • $1,282,593Insider loans
  • $956,822FHLB advances
  • $1,290,349Loans and leases held for sale
  • $15,946Unused loan commitments
  • $14,086Tier 1 (core) risk-based capital
  • $112,578Tier 2 risk-based capital
  • $1,860Total risk weighted assets
  • $0Total unused commitments
  • $99,875Restructured Loans and leases
  • $20,968Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $59,474Total interest income
  • $8,943Total interest expense
  • $50,531Net interest income
  • $14,350Provision for loan and lease losses
  • $1,996Total noninterest income
  • $0Fiduciary activities
  • $3,909Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,913Additional noninterest income
  • $53,207Total noninterest expense
  • $26,671Salaries and employee benefits
  • $7,674Premises and equipment expense
  • $18,862Additional noninterest expense
  • -$15,030Pre-tax net operating income
  • $1,115Securities gains (losses)
  • $70Applicable income taxes
  • -$13,985Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,985Net income attributable to bank
  • $0Net charge-offs
  • -$13,985Cash dividends
  • $27,249Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.44%Noninterest expense to earning assets
  • -1.13%Net operating income to assets
  • -1.05%Return on assets (ROA)
  • -1.04%Pretax return on assets
  • -11.34%Return on equity (ROE)
  • -11.34%Retained earnings to average equity (YTD only)
  • 3.07%Net charge-offs to loans
  • 52.66%Credit loss provision to net charge-offs
  • -0.02%Efficiency ratio
  • 100,345Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.84%Loss allowance to noncurrent loans
  • 29.75%Noncurrent assets plus other real estate owned to assets
  • 7.83%Noncurrent loans to loans
  • 9.55%Net loans and leases to deposits
  • 68.70%Net loans and leases to core deposits
  • 71.31%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 11.77%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,334,021Average earning assets
  • $123,356Average equity
  • $1,197,275Average loans

List of branches

  • 22 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1316210Yreka Branch123 North Main Street, Yreka, CA 96097June 23, 1980Full Service Brick and Mortar
    14255946Greenview Branch6701 North Highway 3, Greenview, CA 96037December 11, 1981Full Service Brick and Mortar
    15255947Weed Branch150 Alamo, Weed, CA 96094March 21, 1984Full Service Brick and Mortar
    16255948Mccloud Branch328 Main Street, Mccloud, CA 96057August 01, 1985Full Service Brick and Mortar
    17255949Dunsmuir Branch5800 Dunsmuir Avenue, Dunsmuir, CA 96025August 05, 1985Full Service Brick and Mortar
    18255952Dorris BranchThird And California Streets, Dorris, CA 96023December 09, 1988Full Service Brick and Mortar
    19198372Tulelake Branch398 Main Street, Tulelake, CA 96134September 14, 1936Full Service Brick and Mortar
    20255954Mount Shasta Branch312 Maple Street, Mount Shasta, CA 96067October 17, 1994Full Service Brick and Mortar
    26420173Cypress Street Branch880 Cypress Avenue, Redding, CA 96001March 06, 2003Full Service Brick and Mortar
    2915351Red Bluff Branch950 Main Street, Red Bluff, CA 96080September 02, 1975Full Service Brick and Mortar
    30251954Corning Branch1201 Solano Street, Corning, CA 96021October 13, 1975Full Service Brick and Mortar
    31254081Redding Bechelli Branch2920 Bechelli Lane, Redding, CA 96002July 15, 1995Full Service Brick and Mortar
    33364520Chico Branch1834 Mangrove Ave #1, Chico, CA 95926December 11, 2001Full Service Brick and Mortar
    37433483Woodland Branch1100 Main Street, Suite 240, Woodland, CA 95695December 03, 2004Full Service Brick and Mortar
    42446182Anderson Branch2590 North Street, Anderson, CA 96007December 05, 2005Full Service Brick and Mortar
    47464483Roseville Messenger Service5 Sierra Gate Plaza, Suite 100, Roseville, CA 95678December 30, 2005Limited Service Messenger
    4846917Elk Grove9340 East Stockton Boulevard, Elk Grove, CA 95624March 12, 1991Full Service Brick and Mortar
    49289470Galt Branch701 C Street, Galt, CA 95632September 27, 1993Full Service Brick and Mortar
    50289471Rocklin Branch4875 Granite Drive, Rocklin, CA 95677June 16, 1997Full Service Brick and Mortar
    51289472Folsom Branch701 East Bidwell Street, Folsom, CA 95630July 01, 1997Full Service Brick and Mortar
    55511959Grass Valley Branch115 West Mcknight Way, Grass Valley, CA 95949July 17, 2009Full Service Brick and Mortar
    56511960Davis Branch333a F Street, Davis, CA 95616July 17, 2009Full Service Brick and Mortar
  • 24 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046154Premierwest Bank503 Airport Road, Medford, OR 97504June 18, 1990Full Service Brick and Mortar
    1289137Black Oak Branch2600 East Barnett Road, Medford, OR 97504January 03, 1994Full Service Brick and Mortar
    2289138Central Point Branch300 East Pine Street, Central Point, OR 97502March 22, 1999Full Service Brick and Mortar
    311934Kane Street Branch555 S.E. Kane Street, Roseburg, OR 97470May 25, 1959Full Service Brick and Mortar
    4243520Garden Valley Branch350 N.E. Garden Valley Boulevard, Roseburg, OR 97470June 24, 1964Full Service Brick and Mortar
    5243521Winston Branch40 Northwest Glenhart, Winston, OR 97496June 17, 1960Full Service Brick and Mortar
    6243522Sutherlin Branch731 West Central Avenue, Sutherlin, OR 97479May 15, 1972Full Service Brick and Mortar
    7243523Drain Branch257 Second Street, Drain, OR 97435April 30, 1973Full Service Brick and Mortar
    9243526Glide Branch19421 North Umpqua Highway, Glide, OR 97443September 27, 1976Full Service Brick and Mortar
    11243528Crater Lake Plaza Branch3369 Crater Lake Highway, Medford, OR 97504March 08, 1999Full Service Brick and Mortar
    21361494Grants Pass-North Branch1409 Ne 7th Street, Grants Pass, OR 97526March 15, 2001Full Service Brick and Mortar
    22363755Rogue Valley Manor Branch1200 Mira Mar Avenue, Medford, OR 97504August 20, 2001Full Service Brick and Mortar
    23363756Grants Pass South Branch1689 Williams Highway, Grants Pass, OR 97526August 20, 2001Full Service Brick and Mortar
    27422402Downtown Medford Branch300 E. Main Street, Medford, OR 97501September 13, 2002Full Service Brick and Mortar
    28423124Medford Branch503 Airport Road, Medford, OR 97504September 08, 2003Full Service Brick and Mortar
    34425722Klamath Falls Branch421 South Seventh Street, Klamath Falls, OR 97601Febuary 04, 2004Full Service Brick and Mortar
    36428842Douglas County Messenger Service Bra2030 Stewart Parkway, Roseburg, OR 97470May 17, 2004Limited Service Messenger
    38433596Rogue Valley Messenger Service503 Airport Road, Suite 101, Medford, OR 97504October 01, 2004Limited Service Messenger
    41445524Eagle Point Branch44 W. Linn Road, Eagle Point, OR 97524October 11, 2005Full Service Brick and Mortar
    43451165Shady Cove Branch22175 Hwy 62, Shady Cove, OR 97539May 04, 2006Full Service Brick and Mortar
    44453614Ashland Branch2235 Hwy 66, Ashland, OR 97520May 10, 2006Full Service Brick and Mortar
    45456129Nolan Town Center875 Sw Rimrock Way, Redmond, OR 97756October 16, 2006Full Service Brick and Mortar
    46461014Tuscan Square Branch2155 N.E. Highway 20, Bend, OR 97702Febuary 26, 2007Full Service Brick and Mortar
    53480096Running Y Branch5408 Running Y Road, Klamath Falls, OR 97601April 24, 2008Full Service Brick and Mortar

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