Premier Bank

Headquarters

275 W Federal St
Youngstown, OH 44503
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 0.45% 0.95% →
5-Year CD 1.05% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Premier Bank is an FDIC insured institution located in Youngstown, OH. It was founded in 1920 and has approximately $6.52 billion in assets. Customers can open an account at one of its 41 branches.

FDIC Insured Yes
FDIC Certificate # 29845
Date Established 1920
Assets $ 6.52 billion
Loans $ 5.12 billion
Deposits $ 5.04 billion
Capital $ 897.98 million
 

For a more detailed analysis of Premier Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.03% $2,500 $2,999 Learn More
Money Market
0.30% $2,500 $2,999 Learn More
Money Market
0.03% $10,000 $14,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.03% $10,000 $14,999 Learn More
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.03% $100,000 $199,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 11 Mo CD
0.45% $500 - Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 14 Mo CD
0.70% $500 - Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
Special: 37 Mo CD
0.50% $500 - Learn More
Special: 48 Mo CD
0.60% $500 - Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
Special: 60 Mo CD
0.70% $500 - Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
1.05% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
1.05% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
4 Year 4.13% 3.75% $561.68
5 Year 4.31% 4.00% $460.41

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Premier Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Premier Bank Locations


Financial Details

Premier Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Premier Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Premier Bank U.S. Bank Average
3.38% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Premier Bank had $32,772,000 in non-current loans and $492,000 in owned real estate. To cover these potential losses it had $897,976,000 in equity and $85,859,000 in loans loss reserves. That gives it a Texas Ratio of 3.38%.

Return on Equity
Premier Bank U.S. Bank Average
-15.13% 7.80%

Premier Bank has a Return on Equity of -15.13% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Premier Bank U.S. Bank Average
13.77% 12.68%

Premier Bank has a Capitalization of 13.77% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Premier Bank Balance Sheet Analysis

As of March 31, 2020, Premier Bank had assets of $6,519,264,000, loans of $5,117,166,000, and deposits of $5,043,978,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 136.73 million
Interest-bearing balances $ 66.78 million
Total securities $ 534.21 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 5.12 billion
Loan loss allowance $ 85.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.49 million
Goodwill and other intangibles $ 343.29 million
All other assets $ 328.32 million
     Total Assets $ 5.62 billion
LIABILITIES
Total deposits $ 5.04 billion
      Interest-bearing deposits $ 3.95 billion
      Deposits held in domestic offices $ 5.04 billion
      % insured (estimated) 79.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 487.96 million
Subordinated debt N.A.
All other liabilities $ 89.35 million
      Total Liabilities $ 5.62 billion
      Shareholders’ Equity $ 897.98 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 54.61 million
Total Interest Expense $ 8.78 million
Net interest income $ 45.83 million
Provision for loan and lease losses $ 43.79 million
Total non interest income $ 7.49 million
Total non interest expense $ 40.66 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Premier Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Ohio, Premier Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.79
Multifamily
Mortgages
8.81
Credit Card Loans 0.00
Consumer Auto Loans 1.96
Small Business Loans 7.40
Construction and Development Loans 8.29
Commercial Real Estate 30.33
Commercial and Industrial Loans 16.35
Farm Loans 0.85

Frequently Asked Questions About Premier Bank

Branches and Savings

Is Premier Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29845.

Why does Premier Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Premier Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Premier Bank a commercial bank?

Yes

Where are Premier Bank locations?

See branch locations nearby.

Is Premier Bank open on Saturdays?

Is Premier Bank open on Sundays?

What time does Premier Bank open?

What time does Premier Bank close?

Are Premier Bank ATMs Open 24/7?

Do Premier Bank ATMs accept cash deposits?

Can Premier Bank customers use other ATMs?

Do Premier Bank branches have notaries?

Will Premier Bank notarize my document?

What address for Premier Bank should I put for incoming ACH transfers?

Will the Premier Bank branch print checks?

Do Premier Bank checks expire?

Does Premier Bank require US citizenship to open account?

Can Premier Bank close my account?

Does Premier Bank Report to credit bureaus?

Does Premier Bank Use Equifax?

What is Premier Bank's ACH Routing Number?

What is Premier Bank's SWIFT code?

Products

Does Premier Bank offer mortgages?

Compare mortgage rates here.

Does Premier Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Premier Bank offer personal loans?

Compare personal loan rates here.

Does Premier Bank offer student loans?

Will Premier Bank cash a check?

Will Premier Bank redeem a savings bond?

Does Premier Bank cash savings bonds?

Will Premier Bank cash money orders?

Can Premier Bank issue a money order?

Does Premier Bank do currency exchange?

Background on The Bank

Who owns Premier Bank?

How long has Premier Bank been around?

Can Premier Bank transfer to other banks?

Does Premier Bank have quick pay?

Does Premier Bank accept rolled coins?

Will Premier Bank accept loose change?

Where is Premier Bank headquarters?

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