Worst Bank in the US

Premier Community Bank of the Emerald Coast, Crestiew Florida was founded in 2006. That was great timing. They are on the problem bank list for hazardous commercial real estate lending.  The Texas ratio is 145%.

This is probably the worst bank in the country,based on capitalization.

These clowns lost $4MM in Q3 2011 wiping out all the equity.

Assets are $152MM, with equity of ($1MM).

This place is bankrupt.

The problem loan portfolio is impressive.  They have $23MM in bad loans, now that is a premium portfolio!

This place is beyond bankrupt.

Do you think may this disaster should be shut down?

J. Michael Woody is the Chairman

James M “Johnny” Johnson Vice Chairman, can’t make this up.

R. Lee Thigpen has it figured out

These are 2 savvy bankers, they ran this place into the ground in record time.

They wiped out 100% of the equity in 3 years, that is impressive.

They picked a great name for this bankrupted entity.

Woody is an expert at racking up a ton of junk loans.

I am sure “Johnny” Johnson was not far behind.

J. Michael Woody and Johnny Johnson?

This place is phallic.

The one thing that is premier is the problem loan portfolio.

Is this your bank?

I guess you don’t put a premium on your money