Prime Meridian Bank

1897 Capital Circle, Ne
Tallahassee, FL 32308

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58694
Date Established 2008
Assets $0.41 billion
Loans $0.30 billion
Deposits $0.37 billion
Capital $0.04 billion

Prime Meridian Bank is an FDIC insured institution located in Tallahassee, FL. It was founded in 2008 and has approximately $0.41 billion in assets. Customers can open an account at one of its 3 branches.

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

Bank Loan Profile?

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

Compared to other banks in Florida, Prime Meridian Bank has a significantly higher percent of Small Business 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 35.44
Multifamily
Mortgages
6.04
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 12.73
Construction and Development Loans 12.05
Commercial Real Estate 27.89
Commercial and Industrial Loans 16.50
Farm Loans 0.36

Deposit Rates - February 16, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $1,500 $24,999 Learn MoreShow Less
Money Market
0.40% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.35% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
1.01% $1,000 - Learn MoreShow Less
Special: 15 Mo CD
2.53% $50,000 - Learn MoreShow Less
18 Mo CD
1.21% $500 - Learn MoreShow Less
24 Mo CD
1.31% $500 - Learn MoreShow Less
36 Mo CD
1.41% $500 - Learn MoreShow Less
48 Mo CD
1.51% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.01% $1,000 - Learn MoreShow Less
Special: 15 Mo FIRA
2.53% $50,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $24,999 Learn MoreShow Less

Loan Rates - February 16, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Prime Meridian Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Flagstar Bank
Flagstar Bank
Intro APR
3.490 %
After Intro: 6.240 %
Intro Period: 6 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Prime Meridian Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Prime Meridian 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:
Seattle,Washington


Prime Meridian Bank Locations

Map Example

Financial Details

Prime Meridian Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Prime Meridian 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
Prime Meridian Bank U.S. Bank Average
0.46% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, Prime Meridian Bank had $179,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,294,000 in equity and $3,674,000 in loans loss reserves. That gives it a Texas Ratio of 0.46%.

Return on Equity
Prime Meridian Bank U.S. Bank Average
12.34% 9.95%

Prime Meridian Bank has a Return on Equity of 12.34% versus the BestCashCow average of 9.95%. 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
Prime Meridian Bank U.S. Bank Average
8.7% 12.19%

Prime Meridian Bank has a Capitalization of 8.7% versus the BestCashCow average of 12.19. 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.

Prime Meridian Bank Balance Sheet Analysis

As of September 30, 2018, Prime Meridian Bank had assets of $405,830,000, loans of $295,804,000, and deposits of $369,551,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.04 billion
Net loans and leases $0.30 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.37 billion
LIABILITIES
Total deposits $0.37 billion
      Interest-bearing deposits $0.27 billion
      Deposits held in domestic offices $0.37 billion
      % insured (estimated) 60.85%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.37 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Prime Meridian Bank

Branches and Savings

Is Prime Meridian Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58694.

Why does Prime Meridian Bank pay such low interest on savings accounts?

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

Why are Prime Meridian Bank CD rates not competitive?

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

Is Prime Meridian Bank a commercial bank?

Yes

Where are Prime Meridian Bank locations?

See branch locations nearby.

Is Prime Meridian Bank open on Saturdays?

Is Prime Meridian Bank open on Sundays?

What time does Prime Meridian Bank open?

What time does Prime Meridian Bank close?

Are Prime Meridian Bank ATMs Open 24/7?

Do Prime Meridian Bank ATMs accept cash deposits?

Can Prime Meridian Bank customers use other ATMs?

Do Prime Meridian Bank branches have notaries?

Will Prime Meridian Bank notarize my document?

What address for Prime Meridian Bank should I put for incoming ACH transfers?

Will the Prime Meridian Bank branch print checks?

Do Prime Meridian Bank checks expire?

Does Prime Meridian Bank require US citizenship to open account?

Can Prime Meridian Bank close my account?

Does Prime Meridian Bank Report to credit bureaus?

Does Prime Meridian Bank Use Equifax?

What is Prime Meridian Bank's ACH Routing Number?

What is Prime Meridian Bank's SWIFT code?

Products

Does Prime Meridian Bank offer mortgages?

Compare mortgage rates here.

Does Prime Meridian Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Prime Meridian Bank offer personal loans?

Compare personal loan rates here.

Does Prime Meridian Bank offer student loans?

Will Prime Meridian Bank cash a check?

Will Prime Meridian Bank redeem a savings bond?

Does Prime Meridian Bank cash savings bonds?

Will Prime Meridian Bank cash money orders?

Can Prime Meridian Bank issue a money order?

Does Prime Meridian Bank do currency exchange?

Background on The Bank

Who owns Prime Meridian Bank?

How long has Prime Meridian Bank been around?

Can Prime Meridian Bank transfer to other banks?

Does Prime Meridian Bank have quick pay?

Does Prime Meridian Bank accept rolled coins?

Will Prime Meridian Bank accept loose change?

Where is Prime Meridian Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Prime Meridian Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.