Premier Bank-Central, National Association in city_name, state_name

Premier Bank-Central, National Association in Honaker, Virginia (VA)
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Premier Bank-Central, National Association - Overview

General
FDIC Certificate #: 20619
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Vantage Bank /Tri-Cities (#9982)
Federal Reserve ID: 288125
Date Established: Febuary 18, 1972
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 14 (Interstate: No)
OTS Docket #: 13805
FDIC's unique #: 14229
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 18, 1972
Last Structure Change Effective Date: October 20, 1997
Last Structure Change Process Date: November 17, 1997
Last Data Update: November 17, 1997
Data Source Date: April 05, 2012
Location
Address: 333 West Valley Boulevard, Honaker, VA 24260
County: Russell
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $304.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$166Total assets
$320,554Cash and due from depository institutions
$13,021Interest-bearing balances
$0Securities
$67,843Federal funds sold & reverse repurchase agreements
$1,435Net loans & leases
$221,647Loan loss allowance
$2,186Trading account assets
$0Bank premises and fixed assets
$6,500Other real estate owned
$149Goodwill and other intangibles
$3,697Life insurance assets
$6,262All other assets
$0Total liabilities and capital
$320,554Total liabilities
$290,267Total deposits
$287,310Interest-bearing deposits
$252,056Deposits held in domestic offices
287310.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$1,400Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,557Total equity capital
$1,557Total bank equity capital
$30,287Perpetual preferred stock
$0Common stock
$1,250Surplus
$8,086Undivided profits
Memoranda
$20,951Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,387Income earned, not collected on loans
$1,762Earning assets
$290,925Long-term assets (5+ years)
$101,575Average Assets, year-to-date
$311,012Average Assets, quarterly
$315,432Volatile liabilities
$31,262Insider loans
$989FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$16,114Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$24,344Total risk weighted assets
$208,945Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$24,654Total interest expense
$10,971Net interest income
$13,683Provision for loan and lease losses
$280Total noninterest income
$1,685Fiduciary activities
$0Service charges on deposit accounts
$1,290Trading account gains & fees
$0Additional noninterest income
$395Total noninterest expense
$9,307Salaries and employee benefits
$4,364Premises and equipment expense
$911Additional noninterest expense
$4,032Pre-tax net operating income
$5,781Securities gains (losses)
$43Applicable income taxes
$1,577Income before extraordinary items
$4,247Extraordinary gains - net
$0Net income attributable to bank
$4,247Net charge-offs
$300Cash dividends
$1,811Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.68%Cost of funding earning assets
3.86%Net interest margin
4.82%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
3.28%Net operating income to assets
1.36%Return on assets (ROA)
1.37%Pretax return on assets
1.87%Return on equity (ROE)
14.73%Retained earnings to average equity (YTD only)
8.45%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
93.33%Efficiency ratio
57,600Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.64%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
157.61%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.62%Net loans and leases to deposits
77.15%Net loans and leases to core deposits
86.09%Equity capital to assets
9.45%Core capital (leverage) ratio
8.13%Tier 1 risk-based capital ratio
11.65%Total risk-based capital ratio
Memoranda
$13Average assets
$311,012Average earning assets
$28,826Average equity
$283,894Average loans

Premier Bank-Central, National Association in Honaker, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Premier Bank-Central, National Association - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Premier Bank-Central, National Association in Honaker, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

Premier Bank-Central, National Association - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Premier Bank-Central, National Association in Honaker, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches