Premier American Bank, N.A.

Premier American Bank, N.A. Locations
5301 Blue Lagoon Drive, Suite 200
Miami, FL 33126
(866) 740-BANK
www.premieramericanbank.com

Premier American Bank, N.A. is headquartered in Fort Lauderdale and is the 9th largest bank in the state of Florida. It is also the 223rd largest bank in the nation. It was established in 2010 and as of March of 2012, it had grown to 532 employees at 46 locations. Premier American Bank, N.A. has a 3-star health rating.

Premier American Bank, N.A. Routing Number: 066016766

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Competitive CD and Money Market Specials at Premier American Bank, N.A. in Miami - Local Only - 2/5/2010

Premier American Bank, N.A. is offering several competitive CD specials. The two best include a 2.00% APY 12-month CD and a 2.15% APY 18-month CD. Minimum deposit is $10,000 ($5,000 for IRA CDs). Bel ...

2.50% 8-Month CD & 2.40% Money Market Account at Premier American Bank in South FL - Local Only - 5/26/2009

Premier American Bank is offering an attractive CD and money market promotion. The CD promotion includes a 2.50% APY 8-month CD and a 2.35% APY 6-month CD. Minimum deposit is $10,000. The money market account offers a 2.40% APY on balances of at least...

4.30% 15-Month / 4.00% 7-Month CD at a South Florida Bank (Premier American) - 7/21/2008

Premier American Bank has a CD promotion with two attractive rates: 4.30% APY 15-month CD and a 4.00% APY 7-month CD. The minimum deposit is $10,000 ($5,000 for IRA's). This promotion doesn't seem to be listed at the bank's website. A reader mentioned it...

4.00% 8-Month CD at a South Florida Bank (Premier American). - 4/23/2008

Premier Amerian Bank has a special 8-month CD with a yield of 4.00% APY. The minimum deposit is $10,000. This special doesn't seem to be listed at the bank's website. A reader mentioned it to me, and I just called the bank for details. According to the...


Data for Q1 2012


Institution Statistics


Florida Community Bank, National Association
FDIC Certificate #58991
BankRate ReportView
Year Established2010
Employees532
Primary RegulatorOCC

Assets and Liabilities

Assets$3.43 billion
Loans$1.19 billion
Deposits$2.58 billion
Equity Capital$435.50 million
Loan Loss Allowance$16.70 million
Unbacked Noncurrent Loans$197.39 million
Real Estate Owned$7.25 million

Historic Data - March 2011

Assets$2.55 billion
Equity Capital$359.42 million
Loan Loss Allowance$4.83 million
Unbacked Noncurrent Loans$131.57 million
Real Estate Owned$4.76 million

Profit Margin - Quarterly

Net Interest Margin3.96%
Return on Assets-0.4%
Return on Equity-3.18%
Interest Income$36.43 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Premier American Bank, N.A. had $204.64 million in non-current loans and owned real-estate with $452.2 million in equity and loan loss allowances on hand to cover it. This gives Premier American Bank, N.A. a Texas Ratio of 45.26% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Premier American Bank, N.A. increased slightly from 37.43% as of March 31, 2011 to 45.26% as of March 31, 2012, resulting in a negative change of 20.91%. This indicates that the balance sheet and financial strength for Premier American Bank, N.A. has declined slightly in recent periods.
Deposit Growth5
In the past year, Premier American Bank, N.A. has increased its total deposits by $591.99 million, resulting in 29.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Premier American Bank, N.A. has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Premier American Bank, N.A. has $3.43 billion in assets with $452.2 million in equity, resulting in a capitalization level of 13.17%, which is excellent.
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