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We have a new name and ticker symbol! First Defiance Financial Corp. is now Premier Financial Corp. We encourage you to update any bookmarks that you have to PremierFinCorp.com and hope you continue to follow our new stock ticker PFC.

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Balance Sheet

Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 79,000 46,254 55,962 58,693 53,003
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 66,217 85,000 43,000 55,000 46,000
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 145,217 131,254 98,962 113,693 99,003
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 534,206 283,448 294,076 260,650 250,992
Held to Maturity Securities 0 0 526 648 184
Other Securities 89,252 12,998 15,300 17,075 14,881
Total Cash & Securities 768,675 427,700 408,864 392,066 365,060
Gross Loans Held for Investment 5,113,917 2,777,564 2,540,039 2,348,713 1,940,487
Loan Loss Reserve 85,859 31,243 28,331 26,683 25,884
Loans Held for Sale, before Reserves 85,594 18,008 6,613 10,435 9,607
Total Net Loans 5,113,652 2,764,329 2,518,321 2,332,465 1,924,210
Real Estate Owned and Held for Investment 548 100 1,205 1,532 455
Goodwill 317,520 100,069 98,569 98,569 61,798
Core Deposit Intangibles NA NA NA NA NA
Other Intangibles NA NA NA NA NA
Intangible Assets other than Goodwill 35,540 3,772 4,391 5,703 1,336
Total Intangible Assets 353,060 103,841 102,960 104,272 63,134
Loan Servicing Rights 15,742 10,267 10,119 9,808 9,595
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 15,742 10,267 10,119 9,808 9,595
Fixed Assets 77,570 48,463 40,670 40,217 36,958
Interest Receivable 19,048 10,244 9,641 8,706 6,760
Prepaid Expense 8,331 5,913 3,791 3,747 2,469
Bank-owned Life Insurance 142,259 75,544 67,660 66,230 52,817
Other Assets 40,057 22,591 18,491 34,360 16,139
Total Other Assets 287,265 162,755 140,253 153,260 115,143
Total Assets 6,538,942 3,468,992 3,181,722 2,993,403 2,477,597
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 4,994,148 2,870,325 2,620,882 2,437,656 1,981,628
FHLB Borrowings 486,000 85,063 85,189 84,279 103,943
Senior Debt 506,187 97,551 90,930 110,298 135,759
Trust Preferred (FAS 150) 36,083 36,083 36,083 36,083 36,083
Total Subordinated Debt 36,083 36,083 36,083 36,083 36,083
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 542,270 133,634 127,013 146,381 171,842
Total Other Liabilities 85,681 38,866 34,238 36,080 31,109
Total Liabilities 5,622,099 3,042,825 2,782,133 2,620,117 2,184,579
Memo: Consolidated VIE Liabilities 0 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 916,843 426,167 399,589 373,286 293,018
Equity Attributable to Parent Company 916,843 426,167 399,589 373,286 293,018
Noncontrolling Interests 0 0 0 0 0
Total Equity 916,843 426,167 399,589 373,286 293,018
Net Unrealized Gain 12,312 4,839 (2,057) 601 504
Tot Acc Other Comprehensive Inc 12,068 4,595 (2,148) 217 215
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.21 80.07 79.83 78.46 78.32
Loans/ Deposits 102.40 96.77 96.92 96.35 97.92
Loan Loss Reserves/ Gross Loans 1.65 1.12 1.11 1.13 1.33
Reserves/ Loans Held For Investment 1.68 1.12 1.12 1.14 1.33
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 3,000,000 1,461,645 1,411,833 1,386,068 1,372,018
Level 1 Assets($000) 0 0 0 1 2
Level 2 Assets($000) 560,986 281,202 295,072 261,792 252,138
Level 3 Assets($000) 50,684 3,517 2,480 4,831 1,873
Level 1 Liabilities($000) 0 NA 0 0 0
Level 2 Liabilities($000) 2,791 NA 73 11 0
Level 3 Liabilities($000) 0 NA 0 0 0
FTE Employees(actual) 1,246 663 696 674 581
Annualized Growth Rates (%)
Asset Growth 353.99 9.03 6.29 20.82 7.83
Gross Loans HFI Growth 336.46 9.35 8.15 21.04 7.67
Deposit Growth 295.97 9.52 7.52 23.01 7.92
Average Balances ($000)
Avg Gross Loans HFI 3,945,741 2,624,322 2,411,102 2,228,271 1,870,859
Avg Loans HFS 51,801 13,992 11,924 9,529 9,717
Average Loans, Gross of Reserves 4,317,857 2,597,864 2,382,941 2,198,639 1,853,419
Avg Securities 475,695 306,374 295,013 274,407 247,207
Avg Other Int Earn Assets 68,980 65,424 63,261 72,215 67,420
Avg Secs & Other Int Earn Assets 544,675 371,798 358,274 346,622 314,627
Avg Interest Earning Assets 4,862,532 2,969,662 2,741,215 2,545,261 2,168,046
Avg Assets 5,357,598 3,283,780 3,048,525 2,851,531 2,397,439
Avg CDs NA 711,867 621,239 NA 430,487
Avg Other Interest-bearing Deposits NA 1,410,572 1,323,875 NA 1,033,403
Avg Interest-bearing Deposits 3,343,833 2,122,439 1,945,114 1,769,786 1,463,890
Avg Debt 247,950 113,020 118,451 166,240 174,823
Avg Interest-bearing Liabs 3,591,783 2,235,459 2,063,565 1,936,026 1,638,713
Avg Noninterest-bearing Deposits 896,220 594,785 562,439 528,926 441,731
Avg Total Deposits 4,240,053 2,717,224 2,507,553 2,298,712 1,905,621
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 786,837 406,286 384,305 351,236 285,634
Avg Equity 786,837 406,286 384,305 351,236 285,634
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.