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Overview / Commentary
303-623-8888
2480 West Alameda Avenue
Denver, CO 80223

Premier Bank (CO) is headquartered in Denver and is the 94th largest bank in the state of Colorado. It is also the 6,117st largest bank in the nation. It was established in 1995 and as of March of 2014, it had grown to 18 employees at 2 locations. Premier Bank (CO) has a D health rating.

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Health

Data for Q1 2014

Institution Health

D
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Premier Bank (CO) has a low asset base.

Texas Ratio

GRADE:
D

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Premier Bank (CO) had $1.79 million in non-current loans and owned real-estate with $2.07 million in equity and loan loss allowances on hand to cover it. This gives Premier Bank (CO) a Texas Ratio of 86.11% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Premier Bank (CO) experienced no significant changes from 92.05% as of March 31, 2013 to 86.11% as of March 31, 2014, resulting in a positive change of 6.45%.This indicates that the balance sheet and financial strength for Premier Bank (CO) has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, Premier Bank (CO) has decreased its total deposits by -$5.81 million, resulting in -12.27% 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 Bank (CO) has shown is poor.

Capitalization

GRADE:
F

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 Bank (CO) has $43.94 million in assets with $2.07 million in equity, resulting in a capitalization level of 4.72%, which is poor.

Institution Statistics

Overall
FDIC Certificate #34112
Year Established1995
Employees18
Primary RegulatorFED
Assets and Liabilities
Assets$43.94 million
Loans$21.30 million
Deposits$41.54 million
Equity Capital$1.25 million
Loan Loss Allowance$821,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$1.63 million
Historic Data - March 2013
Assets$49.49 million
Equity Capital$2.02 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$159,000
Real Estate Owned$2.08 million
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets-2.11%
Return on Equity-70.07%
Interest Income$401,000
Rates
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Premier Bank (CO) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$150k-Money Market Deposit Accounts

Premier Bank (CO) CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-12 Month CD
Locations


Premier Bank (CO) Locations
Premier Bank2480 West Alameda AvenueDenver, CO 80223
Aurora Branch978 South Havana StreetAurora, CO 80012