Premier Bank Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 254900RZHOIGZ93T3S32

Tax ID: 42-1476537

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Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Premier Bank is a smaller bank specializing in Home Purchase and Refi loans. Premier Bank has a high proportion of conventional loans. Their top (well, only) market is Dubuque.

    Premier Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    112

    Origination Dollar Volume (All Markets)

    $19,350,000

    Employee count

    45

    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
    DUBUQUE, IA (FHA|USDA|VA) 94 $16,520,000 $175,745 $0 0.00%
    Outside of Metro Areas 18 $2,830,000 $157,222 $0 0.00%
    Premier Bank's top markets include and Dubuque among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $19,350,000 $172,768 $0 0.00%

    For 2019, Premier Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $10,405,000 $212,347 $0 0.00%
    Refi 49 $8,165,000 $166,633 $0 0.00%
    Home Improvement 9 $675,000 $75,000 $0 0.00%
    Other 5 $105,000 $21,000 $0 0.00%

    For 2019, Premier Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $19,350,000 $172,768 $0 0.00%

    For 2019, Premier Bank's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,760,000 $55,200 $0 0.00%
    $100k-200k 34 $4,790,000 $140,882 $0 0.00%
    $200k-400k 20 $5,430,000 $271,500 $0 0.00%
    $400k-600k 3 $1,365,000 $455,000 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%
    $1MM+ 2 $2,670,000 $1,335,000 $0 0.00%

    2019 saw Premier Bank place emphasis on $100,000 or less loans with 50 originations, totaling $2,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 21 $5,265,000 $250,714 $0 0.00%
    $50k-75k 19 $2,065,000 $108,684 $0 0.00%
    $50k or less 17 $1,705,000 $100,294 $0 0.00%
    $75k-100k 9 $665,000 $73,889 $0 0.00%
    $100k-150k 7 $1,115,000 $159,286 $0 0.00%
    $150k-250k 4 $690,000 $172,500 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $19,350,000 $172,768 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $10,705,000 $139,026 $0 0.00%
    Not applicable 34 $7,840,000 $230,588 $0 0.00%
    Not provided 1 $805,000 $805,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.24%

    Premier Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.75%

    Premier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $19,350,000 $172,768

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 23 $5,995,000 $260,652
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 88 $13,330,000 $151,477

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Premier Lending, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Premier Bank 140 W. 9th Street Dubuque, IA 52001 Full Service B&M $33,321
    Premier Bank 1975 Jfk Road Dubuque, IA 52002 Full Service B&M $110,669
    Premier Bank 2625 Northwest Arterial Dubuque, IA 52002 Full Service B&M $116,304

    For 2019, Premier Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,911
    Net interest income $9,282
    Total noninterest income $1,297
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $149
    Trading account gains and fees $0
    Additional Noninterest Income $1,148
    Pre-tax net operating income $3,259
    Securities gains (or losses, -) $473
    Income before extraordinary items $3,584
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,584
    Minority interest net income $0
    Net income $3,584
    Sale, conversion, retirement of capital stock, net $46
    Net operating income $3,129

    Premier Bank's gross interest income from loans was $12,911,000.
    Premier Bank's net interest income from loans was $9,282,000.
    Premier Bank's fee based income from loans was $149,000.
    Premier Bank's net income from loans was $3,584,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,629
    Provision for credit losses $47
    Total noninterest expense $7,273
    Salaries and employee benefits $4,316
    Premises and equipment expense $881
    Additional noninterest expense $2,076
    Applicable income taxes $148
    Net charge-offs $76
    Cash dividends $2,491

    Premier Bank's interest expense for loans was $3,629,000.
    Premier Bank's payroll and benefits expense were $4,316,000.
    Premier Bank's property, plant and equipment expenses $881,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $264,222
    Deposits held in domestic offices $264,222
    Deposits by Individuals, partnerships, and corporations $229,109
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,113
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $146,327
    Demand deposits $62,270
    Nontransaction accounts $117,895
    Money market deposit accounts (MMDAs) $31,047
    Other savings deposits (excluding MMDAs) $34,444
    Total time deposits $52,406
    Total time and savings deposits $201,952
    Noninterest-bearing deposits $35,074
    Interest-bearing deposits $229,148
    Retail deposits $238,124
    IRAs and Keogh plan accounts $2,639
    Brokered deposits $26,999
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $332,475
    Cash & Balances due from depository institutions $9,575
    Interest-bearing balances $6,032
    Total securities $72,293
    Federal funds sold & reverse repurchase $0
    Net loans and leases $234,285
    Loan and leases loss allowance $2,130
    Trading account assets $0
    Bank premises and fixed assets $6,305
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $10,017

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $332,475
    Total Liabilities $302,121
    Total deposits $264,222
    Interest-bearing deposits $229,148
    Deposits held in domestic offices $264,222
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $15,705
    Trading liabilities $0
    Other borrowed funds $18,507
    Subordinated debt $0
    All other liabilities $3,687

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $234,285
    Loan and leases loss allowance $2,130
    Total loans and leases (domestic) $236,415
    All real estate loans $192,156
    Real estate loans in domestic offices $192,156
    Construction and development loans $14,494
    Residential 1-4 family construction $2,940
    Other construction, all land development and other land $11,554
    Loans secured by nonfarm nonresidential properties $92,340
    Nonfarm nonresidential secured by owner-occupied properties $51,983
    Commercial real estate & other non-farm, non-residential $40,357
    Multifamily residential real estate $10,732
    1-4 family residential loans $61,531
    Farmland loans $13,059
    Loans held in foreign offices $0
    Farm loans $1,256
    Commercial and industrial loans $39,178
    To non-U.S. addressees $0
    Loans to individuals $3,795
    Credit card loans $0
    Related Plans $28
    Consumer Auto Loans $3,767
    Other loans to individuals $0
    All other loans & leases $30
    Loans to foreign governments and official institutions $0
    Other loans $5
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,826
    Non 1-4 family restructured loans & leases $1,826
    Total loans and leases (foreign) $0

    Premier Bank had $234,285,000 of loans outstanding in 2019. $192,156,000 of loans were in real estate loans. $14,494,000 of loans were in development loans. $10,732,000 of loans were in multifamily mortgage loans. $61,531,000 of loans were in 1-4 family mortgage loans. $1,256,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,767,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 141 $37,618 $266,794
    Nonfarm, nonresidential loans - <$100k 16 $618 $38,625
    Nonfarm, nonresidential loans - $100-250k 37 $4,697 $126,946
    Nonfarm, nonresidential loans - $250k-1MM 88 $32,303 $367,080
    Commercial & Industrial, US addressed loans - <$1MM 191 $22,200 $116,230
    Commercial & Industrial, US addressed loans - <$100k 84 $1,962 $23,357
    Commercial & Industrial, US addressed loans - $100-250k 52 $5,446 $104,731
    Commercial & Industrial, US addressed loans - $250k-1MM 55 $14,792 $268,945
    Farmland loans - <$1MM 25 $3,598 $143,920
    Farmland loans - <$100k 6 $203 $33,833
    Farmland loans - $100-250k 13 $1,676 $128,923
    Farmland loans - $250k-1MM 6 $1,719 $286,500
    Agriculture operations loans - <$1MM 8 $593 $74,125
    Agriculture operations loans - <$100k 3 $38 $12,667
    Agriculture operations loans - $100-250k 4 $329 $82,250
    Agriculture operations loans - $250k-1MM 1 $226 $226,000