FDIC Certificate #: 848 Status: Inactive Acquiring institution:Premier Bank, Inc. (#34837) Federal Reserve ID: 13037 Date Established: March 27, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 13424 FDIC's unique #: 534 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 08, 2011 Last Structure Change Process Date: April 26, 2011 Last Data Update: April 26, 2011 Data Source Date: April 05, 2012
Location
Address: 601 Washington St, Ravenswood, WV 26164 County: Jackson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Scott Depot Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast
History of Changes
Merger - Without Assistance
Financial Summary
Total assets: $158.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
49Total employees (full-time equivalent)
$158,049Total assets
$4,594Cash and due from depository institutions
$2,610Interest-bearing balances
$33,708Securities
$6,401Federal funds sold & reverse repurchase agreements
$96,208Net loans & leases
$2,249Loan loss allowance
$0Trading account assets
$4,301Bank premises and fixed assets
$1,011Other real estate owned
$8,061Goodwill and other intangibles
$0Life insurance assets
$3,765All other assets
$158,049Total liabilities and capital
$133,431Total liabilities
$133,199Total deposits
$105,906Interest-bearing deposits
$133,199Deposits held in domestic offices
97.86%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$232All other liabilities
$24,618Total equity capital
$24,618Total bank equity capital
$24,618Perpetual preferred stock
$0Common stock
$900Surplus
$17,314Undivided profits
Memoranda
$6,404Noncurrent loans and leases
$14,453Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,487Earning assets
$0Long-term assets (5+ years)
$491Average Assets, year-to-date
$138,927Average Assets, quarterly
$29,806Volatile liabilities
$157,411Insider loans
$156,948FHLB advances
$14,341Loans and leases held for sale
$3,741Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,453Total unused commitments
$2,810Restructured Loans and leases
$1,178Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$7,337Total interest income
$1,419Total interest expense
$5,918Net interest income
$507Provision for loan and lease losses
$857Total noninterest income
$0Fiduciary activities
$490Service charges on deposit accounts
$0Trading account gains & fees
$367Additional noninterest income
$4,561Total noninterest expense
$1,816Salaries and employee benefits
$734Premises and equipment expense
$2,011Additional noninterest expense
$1,707Pre-tax net operating income
$4Securities gains (losses)
$101Applicable income taxes
$1,610Income before extraordinary items
$0Extraordinary gains - net
$1,610Net income attributable to bank
$0Net charge-offs
$1,610Cash dividends
$299Sale, conversion, retirement of capital stock, net
$920Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
1.04%Cost of funding earning assets
4.32%Net interest margin
0.63%Noninterest income to earning assets
3.33%Noninterest expense to earning assets
1.02%Net operating income to assets
1.02%Return on assets (ROA)
1.09%Pretax return on assets
6.48%Return on equity (ROE)
2.78%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
169.57%Credit loss provision to net charge-offs
7.40%Efficiency ratio
64,103Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.14%Loss allowance to loans
2.28%Loss allowance to noncurrent loans
90.43%Noncurrent assets plus other real estate owned to assets
2.21%Noncurrent loans to loans
2.53%Net loans and leases to deposits
72.23%Net loans and leases to core deposits
80.94%Equity capital to assets
15.58%Core capital (leverage) ratio
10.69%Tier 1 risk-based capital ratio
17.09%Total risk-based capital ratio
Memoranda
$18Average assets
$157,411Average earning assets
$24,829Average equity
$136,902Average loans
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