PremierBank & Trust in Elyria, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 22, 1998

  • PremierBank & Trust in Elyria, Ohio (OH)
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PremierBank & Trust - Overview

  • General
  • FDIC Certificate #: 12580
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 1007314
    Date Established: January 01, 1895
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 37 (Interstate: No)
    OTS Docket #: 12079
    FDIC's unique #: 7992
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 22, 1998
    Last Structure Change Process Date: June 09, 1998
    Last Data Update: December 27, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1530 West River Road North, Elyria, OH 44035
    County: Lorain
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $577.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 373Total employees (full-time equivalent)
  • $580,685Total assets
  • $32,466Cash and due from depository institutions
  • $1,376Interest-bearing balances
  • $151,409Securities
  • $1,600Federal funds sold & reverse repurchase agreements
  • $358,351Net loans & leases
  • $3,693Loan loss allowance
  • $0Trading account assets
  • $18,768Bank premises and fixed assets
  • $128Other real estate owned
  • $5,744Goodwill and other intangibles
  • $0Life insurance assets
  • $12,219All other assets
  • $580,685Total liabilities and capital
  • $531,681Total liabilities
  • $508,511Total deposits
  • $419,648Interest-bearing deposits
  • $508,511Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,786Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,333Other borrowed funds
  • $0Subordinated debt
  • $5,051All other liabilities
  • $49,004Total equity capital
  • $49,004Total bank equity capital
  • $49,004Perpetual preferred stock
  • $0Common stock
  • $2,628Surplus
  • $12,000Undivided profits
  • Memoranda
  • $34,376Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,562Earning assets
  • $165Long-term assets (5+ years)
  • $2,209Average Assets, year-to-date
  • $512,736Average Assets, quarterly
  • $187,019Volatile liabilities
  • $593,241Insider loans
  • $590,973FHLB advances
  • $44,232Loans and leases held for sale
  • $7,253Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $972Total risk weighted assets
  • $94,322Total unused commitments
  • $0Restructured Loans and leases
  • $395,038Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $43,191Total interest income
  • $16,599Total interest expense
  • $26,592Net interest income
  • $225Provision for loan and lease losses
  • $7,981Total noninterest income
  • $1,736Fiduciary activities
  • $2,874Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,371Additional noninterest income
  • $28,150Total noninterest expense
  • $11,779Salaries and employee benefits
  • $4,465Premises and equipment expense
  • $11,906Additional noninterest expense
  • $6,198Pre-tax net operating income
  • $86Securities gains (losses)
  • $1,282Applicable income taxes
  • $5,002Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,002Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $624Sale, conversion, retirement of capital stock, net
  • $4,004Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.25%Yield on earning assets
  • 3.17%Cost of funding earning assets
  • 5.08%Net interest margin
  • 1.52%Noninterest income to earning assets
  • 5.38%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 10.48%Return on equity (ROE)
  • 2.09%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 36.06%Credit loss provision to net charge-offs
  • 10.29%Efficiency ratio
  • 79,793Assets per employee
  • 1.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.05%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 236.43%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 70.47%Net loans and leases to core deposits
  • 74.29%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 7.24%Tier 1 risk-based capital ratio
  • 10.79%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $593,241Average earning assets
  • $47,737Average equity
  • $523,652Average loans

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