Institution Statistics
| PremierWest Bank | | FDIC Certificate # | 32975 | | BankRate Report | View | | Year Established | 1990 | | Employees | 442 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $1.23 billion | | Loans | $723.34 million | | Deposits | $1.08 billion | | Equity Capital | $116.73 million | | Loan Loss Allowance | $20.32 million | | Unbacked Noncurrent Loans | $54.99 million | | Real Estate Owned | $35.44 million |
Historic Data - March 2011 | | Assets | $1.37 billion | | Equity Capital | $121.83 million | | Loan Loss Allowance | $33.37 million | | Unbacked Noncurrent Loans | $109.68 million | | Real Estate Owned | $29.76 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.2% | | Return on Assets | -1.25% | | Return on Equity | -13.19% | | Interest Income | $13.12 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 March 31, 2012 PremierWest Bank had $90.42 million in non-current loans and owned real-estate with $137.05 million in equity and loan loss allowances on hand to cover it. This gives PremierWest Bank a Texas Ratio of 65.97% 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 slightly from 89.38% as of March 31, 2011 to 65.97% as of March 31, 2012, resulting in a positive change of 26.18%.This indicates that the balance sheet and financial strength for PremierWest Bank has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, PremierWest Bank has decreased its total deposits by -$151.21 million, resulting in -12.24% 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 $1.23 billion in assets with $137.05 million in equity, resulting in a capitalization level of 11.18%, which is above average. |
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