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Overview / Commentary
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 6,204th largest bank in the nation. It was established in 1995 and as of December of 2013, it had grown to 18 employees at 2 locations. Premier Bank (CO) has a D health rating.

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Health

Data for Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Premier Bank (CO) had $1.99 million in non-current loans and owned real-estate with $2.18 million in equity and loan loss allowances on hand to cover it. This gives Premier Bank (CO) a Texas Ratio of 91.51% 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) increased slightly from 54.44% as of December 31, 2012 to 91.51% as of December 31, 2013, resulting in a negative change of 68.10%. This indicates that the balance sheet and financial strength for Premier Bank (CO) has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Premier Bank (CO) has decreased its total deposits by -$3.84 million, resulting in -8.76% 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 below average.

Capitalization

GRADE:
C-

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 $42.57 million in assets with $2.18 million in equity, resulting in a capitalization level of 5.12%, which is below average.

Institution Statistics

Overall
FDIC Certificate #34112
Year Established1995
Employees18
Primary RegulatorFED
Assets and Liabilities
Assets$42.57 million
Loans$21.93 million
Deposits$40.05 million
Equity Capital$1.35 million
Loan Loss Allowance$829,000
Unbacked Noncurrent Loans$367,000
Real Estate Owned$1.63 million
Historic Data - December 2012
Assets$46.35 million
Equity Capital$2.25 million
Loan Loss Allowance$849,000
Unbacked Noncurrent Loans$367,000
Real Estate Owned$2.08 million
Profit Margin - Quarterly
Net Interest Margin4%
Return on Assets-1.15%
Return on Equity-29.47%
Interest Income$1.80 million
Rates

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Locations


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