The Graveyard › Banks › 2011

Premier Community Bank of the Emerald Coast

Crestview, FL · failed December 16, 2011 · FDIC certificate 58343

Premier Community Bank of the Emerald Coast of Crestview, FL failed on December 16, 2011. It opened on September 5, 2006, 5 years before. At its last report before that it held $126.0 million in assets and $112.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2010, it held $165.9 million. The FDIC estimates that the Deposit Insurance Fund lost $25.1 million on it.

2006-092011-09

Assets at the end$126.0 millionlast report before December 16, 2011

Deposits at the end$112.0 million

Estimated loss to the fund$25.1 millionDIF

Largest in the quarterly reports$165.9 millionJune 30, 2010

Equity to assets-0.9%September 30, 2011

Loans not being repaid16.6%noncurrent, September 30, 2011

Return on assets-4.19%a year's rate, September 30, 2011

Staff23full time, September 30, 2011

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Also ended in 2011

Superior Bank · Birmingham, AL · $3.0 billion in assets
First Community Bank · Taos, NM · $2.2 billion in assets
United Western Bank · Denver, CO · $2.2 billion in assets
Integra Bank National Association · Evansville, IN · $2.0 billion in assets
Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
Community Banks of Colorado · Greenwood Village, CO · $1.3 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.