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

This bank is inactive as of October 20, 1997

Premier Bank, National Association in Tazewell, Virginia (VA)
Show street view No street view available for this location

Premier Bank, National Association - Overview

General
FDIC Certificate #: 6921
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Clinch Valley (#20969)
Federal Reserve ID: 847429
Date Established: Febuary 17, 1902
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 9 (Interstate: No)
OTS Docket #: 13823
FDIC's unique #: 4650
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: January 01, 1934
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: Market Street And Hillsboro Drive, Tazewell, VA 24651
County: Tazewell
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
Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $199.9 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)
$70Total assets
$199,920Cash and due from depository institutions
$7,508Interest-bearing balances
$0Securities
$72,428Federal funds sold & reverse repurchase agreements
$4,495Net loans & leases
$106,705Loan loss allowance
$1,185Trading account assets
$0Bank premises and fixed assets
$3,840Other real estate owned
$296Goodwill and other intangibles
$4,082Life insurance assets
$566All other assets
$0Total liabilities and capital
$199,920Total liabilities
$176,720Total deposits
$174,304Interest-bearing deposits
$150,118Deposits held in domestic offices
174304.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,416Total equity capital
$2,416Total bank equity capital
$23,200Perpetual preferred stock
$0Common stock
$1,939Surplus
$7,314Undivided profits
Memoranda
$13,947Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$365Income earned, not collected on loans
$690Earning assets
$183,628Long-term assets (5+ years)
$48,795Average Assets, year-to-date
$200,884Average Assets, quarterly
$199,549Volatile liabilities
$16,590Insider loans
$4,503FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$21,876Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$22,889Total risk weighted assets
$122,630Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$14,682Total interest expense
$6,375Net interest income
$8,307Provision for loan and lease losses
$145Total noninterest income
$848Fiduciary activities
$0Service charges on deposit accounts
$543Trading account gains & fees
$0Additional noninterest income
$305Total noninterest expense
$5,031Salaries and employee benefits
$2,377Premises and equipment expense
$509Additional noninterest expense
$2,145Pre-tax net operating income
$3,979Securities gains (losses)
-$448Applicable income taxes
$515Income before extraordinary items
$3,016Extraordinary gains - net
$0Net income attributable to bank
$3,016Net charge-offs
$128Cash dividends
$1,311Sale, 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
7.95%Cost of funding earning assets
3.45%Net interest margin
4.50%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
2.73%Net operating income to assets
1.69%Return on assets (ROA)
1.50%Pretax return on assets
1.76%Return on equity (ROE)
13.50%Retained earnings to average equity (YTD only)
7.63%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
113.28%Efficiency ratio
53,687Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.47%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
324.66%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.34%Net loans and leases to deposits
61.22%Net loans and leases to core deposits
67.66%Equity capital to assets
11.60%Core capital (leverage) ratio
11.42%Tier 1 risk-based capital ratio
18.67%Total risk-based capital ratio
Memoranda
$20Average assets
$200,884Average earning assets
$22,338Average equity
$184,621Average loans

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 Premier Bank, National Association.
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.