SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Accounts of the Company and its Wholly Owned Subsidiaries

The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the "Company" or "Premier") and its wholly-owned subsidiaries:

			Unaudited
			December 31, 2016
Subsidiary	Location	Year Acquired	Total Assets		Net Income
Citizens Deposit Bank & Trust	Vanceburg, Kentucky	1991	$	414,485	$	4,547
Premier Bank, Inc.	Huntington, West Virginia	1998		1,075,790		9,535
Parent and Intercompany Eliminations				5,918		(1,908	)
Consolidated total			$	1,496,193	$	12,174