PremierWest Bank in Medford, Oregon (OR), CA



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PremierWest Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.97%
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 deposits9.55%
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
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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
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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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