Premier Bank, Inc. in Martinsburg, West Virginia (WV)
Table of contents:
| Premier Bank, Inc. | |
|---|---|
| General | FDIC Certificate #: 57765 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: United Bank (#6784) Federal Reserve ID: 3227871 Date Established: July 18, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 424215 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: July 18, 2005 Last Structure Change Effective Date: July 14, 2007 Last Structure Change Process Date: September 20, 2007 Last Data Update: September 20, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 24 District Way, Martinsburg, WV 25401 County: Jefferson 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 Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840) Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97) Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548) Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894) |
| Financial Summary | Total assets: $47.4 mil |
| Assets and Liabilities (December 31, 2006) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 28 |
| Total assets | $47,101 |
| Cash and due from depository institutions | $2,829 |
| Interest-bearing balances | $21 |
| Securities | $350 |
| Federal funds sold & reverse repurchase agreements | $6,100 |
| Net loans & leases | $33,869 |
| Loan loss allowance | $347 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,086 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $867 |
| Life insurance assets | $0 |
| Total liabilities and capital | $47,101 |
| Total liabilities | $40,900 |
| Total deposits | $40,801 |
| Interest-bearing deposits | $33,143 |
| Deposits held in domestic offices | $40,801 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $99 |
| Total equity capital | $6,201 |
| Total bank equity capital | $6,201 |
| Perpetual preferred stock | $6,201 |
| Common stock | $0 |
| Surplus | $3,000 |
| Undivided profits | $5,000 |
| Memoranda | |
| Noncurrent loans and leases | $-1,799 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $3,451 |
| Income earned, not collected on loans | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $183 |
| Average Assets, quarterly | $40,340 |
| Volatile liabilities | $285 |
| Insider loans | $40,974 |
| FHLB advances | $47,105 |
| Loans and leases held for sale | $26,463 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $3,451 |
| Restructured Loans and leases | $0 |
| Derivatives | $347 |
| Income and Expense (December 31, 2006) (Dollar figures in thousands) | |
| Total interest income | $2,733 |
| Total interest expense | $1,467 |
| Net interest income | $1,266 |
| Provision for loan and lease losses | $53 |
| Total noninterest income | $40 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $26 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $14 |
| Total noninterest expense | $2,691 |
| Salaries and employee benefits | $1,483 |
| Premises and equipment expense | $392 |
| Additional noninterest expense | $816 |
| Pre-tax net operating income | -$1,438 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$487 |
| Income before extraordinary items | -$951 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$951 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2006) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.80% |
| Cost of funding earning assets | 4.19% |
| Net interest margin | 3.62% |
| Noninterest income to earning assets | 0.11% |
| Noninterest expense to earning assets | 7.68% |
| Net operating income to assets | -2.32% |
| Return on assets (ROA) | -2.32% |
| Pretax return on assets | -3.51% |
| Return on equity (ROE) | -16.23% |
| Retained earnings to average equity (YTD only) | -16.23% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $206,049 |
| Cash dividends to net income (YTD only) | 1.68% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.01% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 83.01% |
| Equity capital to assets | 236.22% |
| Core capital (leverage) ratio | 13.17% |
| Tier 1 risk-based capital ratio | 13.39% |
| Total risk-based capital ratio | 17.93% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $40,974 |
| Average equity | $5,860 |
| Average loans | $35,019 |
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