Prime Meridian Bank in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Prime Meridian Bank in Tallahassee, Florida (FL)
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Prime Meridian Bank - Overview

  • General
  • FDIC Certificate #: 58694
    Status: Active
    Federal Reserve ID: 3690701
    Bank Holding Company (Regulatory Top Holder): Prime Meridian Holding Company (RSSDID: 4167974, Location: Tallahassee, FL)
    Date Established: Febuary 04, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 1, Interstate: No)
    FDIC's unique #: 463049
    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: Febuary 04, 2008
    Last Structure Change Effective Date: Febuary 04, 2008
    Last Structure Change Process Date: Febuary 05, 2008
    Last Data Update: Febuary 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1471 Timberlane Road, Suite 124, Tallahassee, FL 32312
    County: Leon
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
    Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $139.4 mil
    Equity capital: $15.0 mil
    Deposits held in domestic offices: $116.0 mil
    Return on assets (ROA): 0.53% ($0.7 mil)
    Quarterly return on assets: 0.38% ($0.5 mil)
    Return on Equity (ROE): 4.41% ($0.7 mil)
    Quarterly return on equity: 3.41% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.85% ($1,184.9 mil)
    Quarterly Pretax return on assets: 0.61% ($850.4 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
  • 29Total employees (full-time equivalent)
  • $139,403Total assets
  • $18,824Cash and due from depository institutions
  • $17,230Interest-bearing balances
  • $39,921Securities
  • $207Federal funds sold & reverse repurchase agreements
  • $76,679Net loans & leases
  • $903Loan loss allowance
  • $0Trading account assets
  • $2,781Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $139,403Life insurance assets
  • $991All other assets
  • $124,386Total liabilities and capital
  • $115,991Total liabilities
  • $97,386Total deposits
  • $115,991Interest-bearing deposits
  • $64Deposits held in domestic offices
  • 6127.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $268Subordinated debt
  • $15,017All other liabilities
  • $15,017Total equity capital
  • $15,017Total bank equity capital
  • $0Perpetual preferred stock
  • $6,408Common stock
  • $8,380Surplus
  • $229Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $358Long-term assets (5+ years)
  • $134,037Average Assets, year-to-date
  • $43,738Average Assets, quarterly
  • $119,880Volatile liabilities
  • $135,817Insider loans
  • $89,717FHLB advances
  • $135,607Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,390Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,237Restructured Loans and leases
  • $6,140Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,009Total interest income
  • $1,000Total interest expense
  • $4,009Net interest income
  • $143Provision for loan and lease losses
  • $122Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $2,971Total noninterest expense
  • $1,521Salaries and employee benefits
  • $515Premises and equipment expense
  • $935Additional noninterest expense
  • $1,017Pre-tax net operating income
  • $0Securities gains (losses)
  • $385Applicable income taxes
  • $632Income before extraordinary items
  • $0Extraordinary gains - net
  • $632Net income attributable to bank
  • $0Net charge-offs
  • $632Cash dividends
  • -$18Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 4.41%Return on equity (ROE)
  • 4.41%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -794.44%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,920Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 66.11%Net loans and leases to core deposits
  • 73.26%Equity capital to assets
  • 10.77%Core capital (leverage) ratio
  • 10.61%Tier 1 risk-based capital ratio
  • 16.04%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $119,880Average earning assets
  • $14,344Average equity
  • $115,170Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463049Prime Meridian Bank1471 Timberlane Road, Suite 124, Tallahassee, FL 32312Febuary 04, 2008Full Service Brick and Mortar
    1529268Tallahassee Branch1897 Capital Circle, Ne, Tallahassee, FL 32308Febuary 21, 2012Full Service Brick and Mortar

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