-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VgU2/ATSRTvIb2G/JTBe43tZOF09y1Zd3yUUbP2PzjHA1oXIFprRhGeZ3K1VIdJA dq1y9Tw0Z9uavvnRhn6B0Q== 0001104659-06-046917.txt : 20060714 0001104659-06-046917.hdr.sgml : 20060714 20060713183349 ACCESSION NUMBER: 0001104659-06-046917 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060714 DATE AS OF CHANGE: 20060713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Premier Commercial Bancorp CENTRAL INDEX KEY: 0001358462 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 320120557 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-133061 FILM NUMBER: 06961393 BUSINESS ADDRESS: STREET 1: 2400 E. KATELLA AVE. STREET 2: SUITE 125 CITY: ANAHEIM STATE: CA ZIP: 92806 BUSINESS PHONE: (714) 978-2400 MAIL ADDRESS: STREET 1: 2400 E. KATELLA AVE. STREET 2: SUITE 125 CITY: ANAHEIM STATE: CA ZIP: 92806 424B3 1 a06-16085_2424b3.htm PROSPECTUS FILED PURSUANT TO RULE 424(B)(3)

 

Prospectus Supplement filed under Rule 462(b) Registration No. 333-133061

 

799,757 Shares of Common Stock

$22.00 Per Share

Premier Commercial Bancorp

 

The prospectus dated May 15, 2006 for Premier Commercial Bancorp relating to offering of 727,272 shares of common stock is hereby supplemented to include the following information:

 

•                                          The offering is changed from an offering of 727,272 shares to an offering of up to 799,757 shares of our common stock which increased amount represents 43.9% of our total outstanding shares before the offering, and 30.5% of our total outstanding shares after the offering.

 

•                                          The offering is extended until the sale of all 799,757 shares offered, or July 17, 2006, whichever occurs first.

 

The net proceeds of this offering assuming the sale of all 799,757 shares are estimated to be $17.5 million and will be used primarily to fund the proposed capitalization of a new Arizona bank subsidiary in the amount of $8.7 million and the remaining net proceeds of the offering will be used by Premier Commercial Bancorp for general corporate and working capital purposes and to support future growth.

 

The date of this Prospectus Supplement is July 14, 2006

 


 

Recent Developments

 

Earnings for the quarter ending March 31, 2006 were $425 thousand, compared with earnings of $242 thousand for the first quarter 2005, representing a 75.6% increase. Undiluted earnings per share were 23 cents for the first quarter of 2006 compared with 17 cents for the same period last year.

 

Total loans increased $85.6 million, or 70.1%, from $122.2 million at March 31, 2005 to $207.9 million at March 31, 2006. Deposits, at March 31, 2006 were $218.2 million, representing an increase of $51.5 million, or 30.9% for the same period. Total assets increased 40.2% or $74.2 million, from $184.5 million at March 31, 2005 to $258.7 million at March 31, 2006.

 

 

1


 

Capitalization

 

The following table sets forth, as of March 31, 2006, our consolidated capitalization. This table should be read in conjunction with our historical financial statements included elsewhere in this prospectus.

 

 

 

March 31, 2006

 

(Dollars in thousands)

 

 

 

Shareholders’ equity:

 

 

 

Common stock, no par value per share, 10,000,000 shares authorized;

 

 

 

1,823,547 shares issued and outstanding, actual; and

 

$

9,807

 

2,623,304 shares issued and outstanding, as adjusted

 

17,595

 

 

 

 

 

Retained earnings

 

3,116

 

Accumulated other comprehensive income

 

(285

)

Total stockholder’s equity

 

$

30,233

 

 

 

2

 

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