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 Refi and Home Purchase 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

    224

    Origination Dollar Volume (All Markets)

    $54,000,000

    Employee count

    43

    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) 176 $41,560,000 $236,136 $0 0.00%
    Outside of Metro Areas 48 $12,440,000 $259,167 $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 224 $54,000,000 $241,071 $0 0.00%

    For 2020, Premier Bank's most frequently originated type of loan was Conventional, with 224 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 131 $35,435,000 $270,496 $0 0.00%
    Home Purchase 84 $17,870,000 $212,738 $0 0.00%
    Other 5 $605,000 $121,000 $0 0.00%
    Home Improvement 4 $90,000 $22,500 $0 0.00%

    For 2020, Premier Bank's most frequently cited loan purpose was Refi, with 131 originations. The 2nd most popular reason was Home Purchase, with 84 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 224 $54,000,000 $241,071 $0 0.00%

    For 2020, Premier Bank's most frequently cited loan duration was Other, with 224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 89 $24,185,000 $271,742 $0 0.00%
    $100k-200k 76 $11,490,000 $151,184 $0 0.00%
    $100,000 or less 38 $2,340,000 $61,579 $0 0.00%
    $400k-600k 12 $5,570,000 $464,167 $0 0.00%
    $1MM+ 5 $7,415,000 $1,483,000 $0 0.00%
    $600k-1MM 4 $3,000,000 $750,000 $0 0.00%

    2020 saw Premier Bank place emphasis on $200k-400k loans with 89 originations, totaling $24,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $10,320,000 $215,000 $0 0.00%
    $50k-75k 30 $5,160,000 $172,000 $0 0.00%
    $75k-100k 30 $6,390,000 $213,000 $0 0.00%
    $250k+ 28 $8,450,000 $301,786 $0 0.00%
    $50k or less 28 $3,570,000 $127,500 $0 0.00%
    $150k-250k 22 $5,330,000 $242,273 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 224 $54,000,000 $241,071 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 165 $32,985,000 $199,909 $0 0.00%
    Not applicable 29 $12,875,000 $443,966 $0 0.00%
    Not provided 29 $8,025,000 $276,724 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.56%

    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
    93.30%

    Premier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 224 $54,000,000 $241,071

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $9,605,000 $640,333
    Single Family (1-4 Units):Site-Built 209 $44,395,000 $212,416

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC VA 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 $42,482
    Premier Bank 1975 Jfk Road Dubuque, IA 52002 Full Service B&M $125,233
    Premier Bank 2625 Northwest Arterial Dubuque, IA 52002 Full Service B&M $126,848

    For 2020, Premier Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,834
    Net interest income $10,728
    Total noninterest income $1,690
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $108
    Trading account gains and fees $0
    Additional Noninterest Income $1,582
    Pre-tax net operating income $4,460
    Securities gains (or losses, -) $355
    Income before extraordinary items $4,558
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,558
    Minority interest net income $0
    Net income $4,558
    Sale, conversion, retirement of capital stock, net $56
    Net operating income $4,220

    Premier Bank's gross interest income from loans was $12,834,000.
    Premier Bank's net interest income from loans was $10,728,000.
    Premier Bank's fee based income from loans was $108,000.
    Premier Bank's net income from loans was $4,558,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,106
    Provision for credit losses $427
    Total noninterest expense $7,531
    Salaries and employee benefits $4,539
    Premises and equipment expense $915
    Additional noninterest expense $2,077
    Applicable income taxes $257
    Net charge-offs $6
    Cash dividends $3,347

    Premier Bank's interest expense for loans was $2,106,000.
    Premier Bank's payroll and benefits expense were $4,539,000.
    Premier Bank's property, plant and equipment expenses $915,000.

    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 $289,594
    Deposits held in domestic offices $289,594
    Deposits by Individuals, partnerships, and corporations $256,022
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,572
    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 $180,361
    Demand deposits $87,925
    Nontransaction accounts $109,233
    Money market deposit accounts (MMDAs) $39,124
    Other savings deposits (excluding MMDAs) $35,418
    Total time deposits $34,692
    Total time and savings deposits $201,669
    Noninterest-bearing deposits $53,931
    Interest-bearing deposits $235,663
    Retail deposits $274,902
    IRAs and Keogh plan accounts $2,442
    Brokered deposits $5,779
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $378,102
    Cash & Balances due from depository institutions $17,287
    Interest-bearing balances $13,103
    Total securities $69,997
    Federal funds sold & reverse repurchase $0
    Net loans and leases $273,639
    Loan and leases loss allowance $2,551
    Trading account assets $0
    Bank premises and fixed assets $6,040
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,139

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $378,102
    Total Liabilities $344,876
    Total deposits $289,594
    Interest-bearing deposits $235,663
    Deposits held in domestic offices $289,594
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $21,287
    Trading liabilities $0
    Other borrowed funds $30,125
    Subordinated debt $0
    All other liabilities $3,870

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $273,639
    Loan and leases loss allowance $2,551
    Total loans and leases (domestic) $276,190
    All real estate loans $202,682
    Real estate loans in domestic offices $202,682
    Construction and development loans $18,864
    Residential 1-4 family construction $4,397
    Other construction, all land development and other land $14,467
    Loans secured by nonfarm nonresidential properties $94,373
    Nonfarm nonresidential secured by owner-occupied properties $58,749
    Commercial real estate & other non-farm, non-residential $35,624
    Multifamily residential real estate $8,438
    1-4 family residential loans $65,668
    Farmland loans $15,339
    Loans held in foreign offices $0
    Farm loans $998
    Commercial and industrial loans $66,245
    To non-U.S. addressees $0
    Loans to individuals $3,596
    Credit card loans $0
    Related Plans $19
    Consumer Auto Loans $3,577
    Other loans to individuals $0
    All other loans & leases $2,669
    Loans to foreign governments and official institutions $0
    Other loans $9
    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 $1,413
    Non 1-4 family restructured loans & leases $1,413
    Total loans and leases (foreign) $0

    Premier Bank had $273,639,000 of loans outstanding in 2020. $202,682,000 of loans were in real estate loans. $18,864,000 of loans were in development loans. $8,438,000 of loans were in multifamily mortgage loans. $65,668,000 of loans were in 1-4 family mortgage loans. $998,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,577,000 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 116 $28,677 $247,216
    Nonfarm, nonresidential loans - <$100k 14 $416 $29,714
    Nonfarm, nonresidential loans - $100-250k 40 $5,338 $133,450
    Nonfarm, nonresidential loans - $250k-1MM 62 $22,923 $369,726
    Commercial & Industrial, US addressed loans - <$1MM 361 $38,218 $105,867
    Commercial & Industrial, US addressed loans - <$100k 222 $5,555 $25,023
    Commercial & Industrial, US addressed loans - $100-250k 75 $9,870 $131,600
    Commercial & Industrial, US addressed loans - $250k-1MM 64 $22,793 $356,141
    Farmland loans - <$1MM 30 $5,193 $173,100
    Farmland loans - <$100k 5 $166 $33,200
    Farmland loans - $100-250k 13 $1,677 $129,000
    Farmland loans - $250k-1MM 12 $3,350 $279,167
    Agriculture operations loans - <$1MM 7 $469 $67,000
    Agriculture operations loans - <$100k 3 $114 $38,000
    Agriculture operations loans - $100-250k 4 $355 $88,750