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

This bank is inactive as of November 18, 1995

Premier Bank-North, National Association in Clintwood, Virginia (VA)
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Premier Bank-North, National Association - Overview

General
FDIC Certificate #: 23371
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Premier Bank-Central, National Association (#20619)
Federal Reserve ID: 74122
Date Established: April 03, 1981
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
FDIC's unique #: 16386
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: April 03, 1981
Last Structure Change Effective Date: November 18, 1995
Last Structure Change Process Date: December 07, 1995
Last Data Update: December 07, 1995
Data Source Date: April 05, 2012
Location
Address: 730 Chase Street, Clintwood, VA 24228
County: Dickenson
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: $144.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$45Total assets
$87,636Cash and due from depository institutions
$2,875Interest-bearing balances
$0Securities
$19,702Federal funds sold & reverse repurchase agreements
$4,385Net loans & leases
$58,037Loan loss allowance
$805Trading account assets
$0Bank premises and fixed assets
$1,290Other real estate owned
$200Goodwill and other intangibles
$1,147Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,636Total liabilities
$81,253Total deposits
$80,907Interest-bearing deposits
$72,325Deposits held in domestic offices
80907.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$346Total equity capital
$346Total bank equity capital
$6,383Perpetual preferred stock
$0Common stock
$750Surplus
$750Undivided profits
Memoranda
$4,883Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$347Income earned, not collected on loans
$276Earning assets
$82,124Long-term assets (5+ years)
$29,395Average Assets, year-to-date
$84,796Average Assets, quarterly
$85,747Volatile liabilities
$12,741Insider loans
$872FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$213Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,559Total risk weighted assets
$50,865Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,793Total interest expense
$2,876Net interest income
$3,917Provision for loan and lease losses
$145Total noninterest income
$324Fiduciary activities
$0Service charges on deposit accounts
$190Trading account gains & fees
$0Additional noninterest income
$134Total noninterest expense
$2,429Salaries and employee benefits
$1,241Premises and equipment expense
$305Additional noninterest expense
$883Pre-tax net operating income
$1,667Securities gains (losses)
$0Applicable income taxes
$444Income before extraordinary items
$1,223Extraordinary gains - net
$0Net income attributable to bank
$1,223Net charge-offs
$86Cash dividends
$94Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.51%Cost of funding earning assets
3.60%Net interest margin
4.91%Noninterest income to earning assets
0.41%Noninterest expense to earning assets
3.04%Net operating income to assets
1.44%Return on assets (ROA)
1.44%Pretax return on assets
1.97%Return on equity (ROE)
20.39%Retained earnings to average equity (YTD only)
18.82%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
168.60%Efficiency ratio
57,274Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.69%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
231.99%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
0.59%Net loans and leases to deposits
71.73%Net loans and leases to core deposits
85.14%Equity capital to assets
7.28%Core capital (leverage) ratio
7.60%Tier 1 risk-based capital ratio
12.90%Total risk-based capital ratio
Memoranda
$14Average assets
$84,796Average earning assets
$5,999Average equity
$79,856Average loans

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