Premier Bank Mortgage Rates, Fees & Info
Rock Valley, IALEI: 25490031SXYH24299E86
Tax ID: 39-1871370
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premier Bank is a smaller bank specializing in Home Purchase loans. Premier Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sioux City, Kansas City, Sioux Falls, Colorado Springs, and Phoenix among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
94Origination Dollar Volume (All Markets)
$17,970,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 67 | $13,595,000 | $202,910 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 15 | $1,435,000 | $95,667 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Marshall, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Worthington, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $17,715,000 | $194,670 | $0 | 0.00% |
| USDA | 3 | $255,000 | $85,000 | $0 | 0.00% |
For 2024, Premier Bank's most frequently originated type of loan was Conventional, with 91 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2024, Premier Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $17,970,000 | $191,170 | $0 | 0.00% |
For 2024, Premier Bank's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2024 saw Premier Bank place emphasis on $100k-200k loans with 36 originations, totaling $5,280,000 in origination value.
Applicant Income
Premier Bank lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $100k-150k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 94 | $17,970,000 | $191,170 | $0 | 0.00% |
Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.79%
Premier Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.49%
Premier Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $17,970,000 | $191,170 |