Institution Statistics
| PremierWest Bank | | FDIC Certificate # | 32975 | | BankRate Report | View | | Year Established | 1990 | | Employees | 383 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $1.14 billion | | Loans | $629.08 million | | Deposits | $1.01 billion | | Equity Capital | $112.12 million | | Loan Loss Allowance | $18.56 million | | Unbacked Noncurrent Loans | $22.62 million | | Real Estate Owned | $25.36 million |
Historic Data - December 2011 | | Assets | $1.26 billion | | Equity Capital | $119.88 million | | Loan Loss Allowance | $22.68 million | | Unbacked Noncurrent Loans | $76.24 million | | Real Estate Owned | $22.83 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.2% | | Return on Assets | -0.85% | | Return on Equity | -8.66% | | Interest Income | $49.80 million |
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Institution Health
Overall Score:
3 out of 5 
| Texas Ratio |  | | 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, 2012 PremierWest Bank had $47.98 million in non-current loans and owned real-estate with $130.68 million in equity and loan loss allowances on hand to cover it. This gives PremierWest Bank a Texas Ratio of 36.71% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for PremierWest Bank decreased significantly from 69.47% as of December 31, 2011 to 36.71% as of December 31, 2012, resulting in a positive change of 47.15%.This indicates that the balance sheet and financial strength for PremierWest Bank has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, PremierWest Bank has decreased its total deposits by -$121.63 million, resulting in -10.77% 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 PremierWest Bank has shown is poor. | | Capitalization |  | | 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. PremierWest Bank has $1.14 billion in assets with $130.68 million in equity, resulting in a capitalization level of 11.47%, which is above average. |
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