Premier Financial Bancorp Inc. reported earnings results for the first quarter March 31, 2013. For the quarter, the company reported net interest income of $10.14 million compared to $12.42 million a year ago. Interest income was $11.42 million compared to $14.22 million a year ago. Income before taxes was $3.83 million compared to $4.39 million a year ago. Net income was $2.50 million compared to $2.83 million a year ago. Net income available to common stockholders was $2.34 million or $0.28 per diluted share compared to $2.53 million or $0.31 per diluted share a year ago. Total book value per common share was $16.76 compared to $16.63 a year ago. Tangible book value per common share was $12.68 compared to $12.53 a year ago. The decrease in interest income on loans is largely due to deferred interest and discounts recognized on two non-accrual loans that paid off during the first quarter of 2012, which added about $2.1 million to loan interest income in 2012.

Premier Financial Bancorp Inc. announced the promotion of Mike Mineer to Senior Vice President of the bank holding company. Mineer joined Premier in 2003 as President and CEO of Citizens Deposit Bank in Vanceburg, Kentucky.

Premier Financial Bancorp Inc. reported earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net interest income of $10.256 million compared to $10.873 million a year ago. Income before taxes was $4.691 million compared to $1.132 million a year ago. Net income was $2.99 million compared to $2.655 million a year ago. Net income available to common stockholders was $2.826 million or $0.36 per diluted share compared to $2.350 million or $0.30 per diluted share a year ago. For the year, the company reported net interest income of $43.999 million compared to $44.208 million a year ago. Income before taxes was $15.996 million compared to $10.968 million a year ago. Net income was $10.323 million compared to $7.168 million a year ago. Net income available to common stockholders was $10.155 million or $1.24 per diluted share compared to $5.947 million or $0.74 per diluted share a year ago. Tangible book value per common share was $12.53 compared to $11.19 a year ago. The increase in net income in 2012 was largely due to a decrease in non-interest expense and interest expense as well as gains on the sale of a note and the disposition of securities. Net charge-offs in fourth quarter of 2012 was $668,000 compared to $3,161,000 fourth quarter 2011.