Premier Bank (merged into WesBanco Bank, Inc.)
Premier Bank reported total assets of $8.6 bn at Q4 2024, its last Call Report before it merged into WesBanco Bank, Inc.. The CET1 capital ratio at Premier Bank was 13.14%, and the uninsured share of Premier Bank was 34.70%. Source: FDIC Call Reports.
Key takeaways
- Since , Premier Bank has taken over 2 institutions; the latest was Home Savings Bank on (FDIC Call Reports).
What sets Premier Bank apart
How large is Premier Bank?
The balance sheet of Premier Bank at : assets $8.6 bn, deposits $6.9 bn, net loans $6.5 bn (loans equal to 94.37% of deposits). Securities make up 13.5% of total assets at Premier Bank. Since , when Premier Bank held $2.3 bn, its assets grew 265.4%. In the year to , deposits at Premier Bank fell 4.0% while its total assets fell 0.5%. At , Premier Bank employed 930 full-time equivalent staff across 74 offices, about $9.2 mn of assets per employee and $93.2 mn of deposits per office.
How much funding at Premier Bank is uninsured?
At Premier Bank, uninsured deposits (above the FDIC limit) made up 34.70% of domestic deposits at (+1.58 pp on a year earlier). In dollars, Premier Bank estimated $2.4 bn of uninsured deposits.
Key facts, Q4 2024
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.9 bn | $7.2 bn (Q4 2023) | |
| Net loans and leases | $6.5 bn | $6.8 bn (Q4 2023) | |
| Loan-to-deposit ratio | 94.37% | 94.63% (Q4 2023) | |
| Tier 1 leverage ratio | 10.54% | 10.42% (Q4 2023) | |
| Total risk-based capital ratio | 14.28% | 13.52% (Q4 2023) | |
| Net interest margin | 2.67% | 2.91% (Q4 2023) | |
| Return on assets (ROA) | 0.87% | 1.03% (Q4 2023) | |
| Efficiency ratio | 61.03% | 55.90% (Q4 2023) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $161.5 mn | Widened by $688,000 | |
| Noncurrent loans to total loans | 1.24% | 0.54% (Q4 2023) | |
| Net charge-offs to average loans | 0.07% | 0.06% (Q4 2023) |
US rank of Premier Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Premier Bank: assets, deposits and loans
- Total assets $8.6bn
- Deposits $6.9bn
- Net loans $6.5bn
Capital and securities
The CET1 ratio of Premier Bank stood at 13.14% in , +0.76 pp year on year. Low and high at Premier Bank since : 10.20% () to 13.14% (). Equity capital of Premier Bank at : $1.0 bn, or 12.1% of total assets. Premier Bank also reported a total capital ratio of 14.28% for , and a tier 1 leverage ratio of 10.54%.
The available-for-sale portfolio of Premier Bank showed an unrealized loss of $161.5 mn at ; the loss widened by $688,000 over the year.
Premier Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
Premier Bank: unrealized securities gains and losses
- Available for sale -$161mn
- Held to maturity $0
Profitability and loan quality
For the year to , Premier Bank earned a return on equity of 7.30%; return on assets: 0.87%. Net interest margin at Premier Bank: 2.67%, -0.23 pp in a year. Premier Bank net income: $75.0 mn, down 14.7% year on year. The efficiency ratio of Premier Bank was 61.03%: about 61 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 1.24% of total loans at Premier Bank; net charge-offs: 0.07% of average loans. Gross loans and leases at Premier Bank: $6.6 bn at , against $6.9 bn at .
Premier Bank: profitability
- Return on equity 7.3%
- Net interest margin 2.7%
- Return on assets 0.9%
Peer group of Premier Bank
The peer group of Premier Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Premier Bank (state nonmember bank) and 0 have head offices in Ohio. Against them, Premier Bank shows CET1 ratio 13.14% against a peer median of 11.79%, return on equity 7.30% against a peer median of 12.98% and uninsured deposit share 34.70% against a peer median of 27.27%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Nicolet National Bank | National bank | WI | $8.8 bn | 10.79% | 10.91% | 28.98% | |
| Union Bank and Trust Company | State nonmember bank | NE | $8.8 bn | 11.90% | 15.05% | 12.25% | |
| The Bancorp Bank | National bank | SD | $8.7 bn | 15.25% | 26.45% | 6.46% | |
| Premier Bank | State nonmember bank | OH | $8.6 bn | 13.14% | 7.30% | 34.70% | |
| Southside Bank | State nonmember bank | TX | $8.5 bn | 15.35% | 10.43% | 38.21% | |
| Lake Forest Bank & Trust Company | National bank | IL | $8.5 bn | 11.09% | 23.03% | 51.02% | |
| Pinnacle Bank | State nonmember bank | NE | $8.3 bn | 11.67% | 9.74% | 25.56% | |
. FDIC Call Reports.
Last eight quarters
Two years at Premier Bank, to : assets $8.5 bn to $8.6 bn, deposits $6.8 bn to $6.9 bn, equity $934.9 mn to $1.0 bn. Staff 1,032 to 930; offices 76 to 74.
| Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $8.5 bn | $8.6 bn | $8.5 bn | $8.6 bn | $8.6 bn | $8.8 bn | $8.7 bn | $8.6 bn |
| Total deposits | $6.8 bn | $7.1 bn | $7.1 bn | $7.2 bn | $7.2 bn | $7.2 bn | $7.2 bn | $6.9 bn |
| Bank equity capital | $934.9 mn | $974.1 mn | $958.0 mn | $1.0 bn | $1.0 bn | $1.0 bn | $1.0 bn | $1.0 bn |
| CET1 ratio | 10.66% | 11.41% | 11.71% | 12.38% | 12.57% | 12.58% | 12.61% | 13.14% |
| Return on equity (ROE) | 8.05% | 9.12% | 9.56% | 9.16% | 7.27% | 6.99% | 6.99% | 7.30% |
| Uninsured share of domestic deposits | 32.29% | 31.48% | 32.83% | 33.12% | 32.67% | 32.54% | 33.46% | 34.70% |
| Full-time equivalent employees | 1,032 | 1,012 | 977 | 983 | 961 | 963 | 953 | 930 |
| Number of offices | 76 | 76 | 76 | 76 | 77 | 74 | 74 | 74 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Premier Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed The Commercial Savings Bank (FDIC certificate 2291).
- . Absorbed Home Savings Bank (FDIC certificate 35385).
- . Merged into WesBanco Bank, Inc. (FDIC certificate 803).
Large one-quarter moves at Premier Bank
- Total assets at Premier Bank changed by +89.5% in the quarter to 2020-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Home Savings Bank.
Questions and identifiers
What were the total assets of Premier Bank?
Premier Bank reported $8.6 bn at in its Call Report.
Is Premier Bank the same as its holding company?
No. This page covers Premier Bank, FDIC certificate 29845; PREMIER FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Premier Bank profitable?
Premier Bank reported net income of $75.0 mn for the year to ; annualized return on equity: 7.30%. So yes: Premier Bank made a profit over these months.
When is data for Premier Bank next updated?
Premier Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Premier Bank?
In the FDIC BankFind Suite record for certificate 29845, and in the Call Reports of Premier Bank (RSSD ID 981275) at the FFIEC Central Data Repository.