Premier Bank Mortgage Rates, Fees & Info

Rock Valley, IA

LEI: 25490031SXYH24299E86

Tax ID: 39-1871370

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Colorado Springs, Sioux Falls, Sioux City, Spirit Lake, and Worthington among others. We have data for 9 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    74

    Origination Dollar Volume (All Markets)

    $8,700,000

    Top 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 50 $5,540,000 $110,800 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,380,000 $345,000 $0 0.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 7 $685,000 $97,857 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 8 $400,000 $50,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Worthington, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Carroll, IA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Yankton, SD (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Vermillion, SD (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Premier Bank's top markets include Colorado Springs, Sioux Falls, Sioux City, Spirit Lake, and Worthington among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $8,535,000 $116,918 $0 0.00%
    USDA 1 $165,000 $165,000 $0 0.00%

    For 2023, Premier Bank's most frequently originated type of loan was Conventional, with 73 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $6,545,000 $167,821 $0 0.00%
    Home Improvement 14 $630,000 $45,000 $0 0.00%
    Refi 12 $1,110,000 $92,500 $0 0.00%
    Other 9 $415,000 $46,111 $0 0.00%

    For 2023, Premier Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Home Improvement, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $8,700,000 $117,568 $0 0.00%

    For 2023, Premier Bank's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $1,620,000 $40,500 $0 0.00%
    $100k-200k 18 $2,600,000 $144,444 $0 0.00%
    $200k-400k 15 $4,025,000 $268,333 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2023 saw Premier Bank place emphasis on $100,000 or less loans with 40 originations, totaling $1,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $1,200,000 $66,667 $0 0.00%
    $100k-150k 16 $2,450,000 $153,125 $0 0.00%
    $50k-75k 15 $885,000 $59,000 $0 0.00%
    $75k-100k 8 $1,160,000 $145,000 $0 0.00%
    $250k+ 3 $275,000 $91,667 $0 0.00%
    $150k-250k 2 $60,000 $30,000 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $8,700,000 $117,568 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $6,700,000 $101,515 $0 0.00%
    Not applicable 7 $1,855,000 $265,000 $0 0.00%
    Not provided 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.98%

    Premier Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.59%

    Premier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $8,700,000 $117,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    74 $8,700,000 $117,568