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Overview / Commentary
951-274-2400
3637 Arlington Avenue, Suite B
Riverside, CA 92506

Premier Service Bank is headquartered in Riverside and is the 181st largest bank in the state of California. It is also the 4,062nd largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 34 employees at 3 locations. Premier Service Bank's money market rates are 25% higher than the national average, and it has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C

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 Service Bank had $5.33 million in non-current loans and owned real-estate with $12.64 million in equity and loan loss allowances on hand to cover it. This gives Premier Service Bank a Texas Ratio of 42.20% which is 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 Service Bank experienced no significant changes from 44.93% as of December 31, 2012 to 42.20% as of December 31, 2013, resulting in a positive change of 6.07%.This indicates that the balance sheet and financial strength for Premier Service Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Premier Service Bank has increased its total deposits by $8.06 million, resulting in 7.38% 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 Service Bank has shown is excellent.

Capitalization

GRADE:
B

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 Service Bank has $130.86 million in assets with $12.64 million in equity, resulting in a capitalization level of 9.66%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57059
Year Established2001
Employees34
Primary RegulatorFDIC
Assets and Liabilities
Assets$130.86 million
Loans$57.86 million
Deposits$117.34 million
Equity Capital$10.49 million
Loan Loss Allowance$2.15 million
Unbacked Noncurrent Loans$3.76 million
Real Estate Owned$1.57 million
Historic Data - December 2012
Assets$132.02 million
Equity Capital$10.80 million
Loan Loss Allowance$2.73 million
Unbacked Noncurrent Loans$3.76 million
Real Estate Owned$2.60 million
Profit Margin - Quarterly
Net Interest Margin3.68%
Return on Assets-0.09%
Return on Equity-1.07%
Interest Income$4.76 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Premier Service Bank, we are a rate comparison website and can not provide official rates or promotions.

Premier Service Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Premier Tiered Savings
0.25%$50k-Business Premier Tiered Savings
0.10%--Student Saver Account
0.10%$100-Premier Basic Savings
0.10%$100-Business Premier Basic Savings

Premier Service Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$500k-Money Market Checking High Yield
0.55%$500k-Business Money Market Checking High Yield
0.25%$50k-Money Market Checking
0.25%$50k-Business Money Market Checking

Premier Service Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Optima Interest Checking
0.05%$100-Attorney-Client Trust Account

Premier Service Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.65%$100k-36 Month CD
0.45%$100k-24 Month CD
0.35%$100k-12 Month CD
0.25%$100k-6 Month CD
0.20%$1k-6 Month Liquid CD
0.15%$1k-90 Days CD
0.10%$1k-30 Days CD

Premier Service Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-36 Month IRA
0.40%$100k-24 Month IRA
0.35%$100k-12 Month IRA
0.25%$100k-6 Month IRA
Locations


Premier Service Bank Locations
Premier Service Bank - Corona Regional Office102 East Sixth StreetCorona, CA 92879
Premier Service Bank3637 Arlington Avenue, Suite BRiverside, CA 92506