Premier Community Bank of the Emerald Coast
Crestview, FL
$126M
total assets, September 30, 2011
$126M
total assets, September 30, 2011
Premier Community Bank of the Emerald Coast was a state nonmember bank in Crestview, FL. It failed on Dec 16, 2011, and Summit Bank, National Association took over its deposits. At its last report it held $126.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2011
This bank failed
- Failed on
- Dec 16, 2011
- Assets
- $126M
- Deposits
- $112M
- Estimated cost
- $25.1M
- Deposits went to
- Summit Bank, National Association, Panama City, FL
Total assets
$126M
-22.9% in a year · -10.0% in a quarter
Deposits
$112M
-11.4% in a year · -7.7% in a quarter
Loans
$83.9M
-27.6% in a year · -9.4% in a quarter
Profit so far
-$4.4M
Jan 1 to Sep 30, 2011
Capital ratio
-0.90%
-10.89 pts in a year
Return on assets
-4.19%
-3.68 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 345 East James Lee Boulevard, Crestview, FL, 32539
- County
- Okaloosa
- Established
- Sep 5, 2006
- Failed
- Dec 16, 2011
- Employees
- 23
- Branches
- 2
- Id
- b58343
Quarter by quarter
September 30, 2006 to September 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Premier Community Bank of the Emerald Coast?
$126.0 million in total assets and $112.0 million in deposits as of September 30, 2011, with assets down 22.9% from a year before. Its loans were $83.9 million.
How many branches does Premier Community Bank of the Emerald Coast have?
2 branches in Florida as of June 30, 2026.
Is Premier Community Bank of the Emerald Coast profitable?
No: it lost $4.36 million from January 1 to September 30, 2011. Its return on assets was -4.19% a year; about 1% is typical.
When did Premier Community Bank of the Emerald Coast fail?
Dec 16, 2011. Summit Bank, National Association of Panama City, FL took over its deposits. The estimated cost of the failure was $25.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.