Premier Bank Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 254900RZHOIGZ93T3S32

Tax ID: 42-1476537

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
  • 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

    154

    Origination Dollar Volume (All Markets)

    $41,090,000

    Employee count

    41

    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) 117 $25,145,000 $214,915 $0 0.00%
    Outside of Metro Areas 37 $15,945,000 $430,946 $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 154 $41,090,000 $266,818 $0 0.00%

    For 2021, Premier Bank's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 76 $21,060,000 $277,105 $0 0.00%
    Home Purchase 73 $19,685,000 $269,658 $0 0.00%
    Home Improvement 4 $300,000 $75,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2021, Premier Bank's most frequently cited loan purpose was Refi, with 76 originations. The 2nd most popular reason was Home Purchase, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $41,090,000 $266,818 $0 0.00%

    For 2021, Premier Bank's most frequently cited loan duration was Other, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 58 $8,080,000 $139,310 $0 0.00%
    $200k-400k 50 $12,980,000 $259,600 $0 0.00%
    $100,000 or less 23 $1,445,000 $62,826 $0 0.00%
    $400k-600k 11 $4,945,000 $449,545 $0 0.00%
    $600k-1MM 8 $5,490,000 $686,250 $0 0.00%
    $1MM+ 4 $8,150,000 $2,037,500 $0 0.00%

    2021 saw Premier Bank place emphasis on $100k-200k loans with 58 originations, totaling $8,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $5,250,000 $154,412 $0 0.00%
    $100k-150k 29 $6,595,000 $227,414 $0 0.00%
    $150k-250k 18 $5,840,000 $324,444 $0 0.00%
    $250k+ 17 $9,345,000 $549,706 $0 0.00%
    $50k or less 14 $1,780,000 $127,143 $0 0.00%
    $75k-100k 12 $2,510,000 $209,167 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $100k-150k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 154 $41,090,000 $266,818 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $27,010,000 $241,161 $0 0.00%
    Not applicable 27 $8,985,000 $332,778 $0 0.00%
    Not provided 13 $4,865,000 $374,231 $0 0.00%
    Black 2 $230,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.66%

    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
    92.21%

    Premier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 154 $41,090,000 $266,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    154 $41,090,000 $266,818

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Premier Bank 140 W. 9th Street Dubuque, IA 52001 Full Service B&M $55,841
    Premier Bank 1975 Jfk Road Dubuque, IA 52002 Full Service B&M $117,574
    Premier Bank 2625 Northwest Arterial Dubuque, IA 52002 Full Service B&M $126,818

    For 2021, Premier Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,954
    Net interest income $11,781
    Total noninterest income $1,548
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $132
    Trading account gains and fees $0
    Additional Noninterest Income $1,416
    Pre-tax net operating income $5,625
    Securities gains (or losses, -) $540
    Income before extraordinary items $5,911
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,911
    Minority interest net income $0
    Net income $5,911
    Sale, conversion, retirement of capital stock, net $72
    Net operating income $5,392

    Premier Bank's gross interest income from loans was $12,954,000.
    Premier Bank's net interest income from loans was $11,781,000.
    Premier Bank's fee based income from loans was $132,000.
    Premier Bank's net income from loans was $5,911,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,173
    Provision for credit losses $254
    Total noninterest expense $7,450
    Salaries and employee benefits $4,592
    Premises and equipment expense $798
    Additional noninterest expense $2,060
    Applicable income taxes $254
    Net charge-offs $-4
    Cash dividends $4,751

    Premier Bank's interest expense for loans was $1,173,000.
    Premier Bank's payroll and benefits expense were $4,592,000.
    Premier Bank's property, plant and equipment expenses $798,000.

    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 $324,363
    Deposits held in domestic offices $324,363
    Deposits by Individuals, partnerships, and corporations $275,741
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $48,622
    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 $223,338
    Demand deposits $140,476
    Nontransaction accounts $101,025
    Money market deposit accounts (MMDAs) $34,735
    Other savings deposits (excluding MMDAs) $42,249
    Total time deposits $24,041
    Total time and savings deposits $183,887
    Noninterest-bearing deposits $78,550
    Interest-bearing deposits $245,813
    Retail deposits $314,876
    IRAs and Keogh plan accounts $1,560
    Brokered deposits $3,718
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $403,347
    Cash & Balances due from depository institutions $42,808
    Interest-bearing balances $39,830
    Total securities $105,363
    Federal funds sold & reverse repurchase $60
    Net loans and leases $237,742
    Loan and leases loss allowance $2,809
    Trading account assets $0
    Bank premises and fixed assets $6,077
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,297

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $403,347
    Total Liabilities $370,596
    Total deposits $324,363
    Interest-bearing deposits $245,813
    Deposits held in domestic offices $324,363
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $21,573
    Trading liabilities $0
    Other borrowed funds $20,787
    Subordinated debt $0
    All other liabilities $3,873

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $237,742
    Loan and leases loss allowance $2,809
    Total loans and leases (domestic) $240,551
    All real estate loans $196,605
    Real estate loans in domestic offices $196,605
    Construction and development loans $15,464
    Residential 1-4 family construction $4,989
    Other construction, all land development and other land $10,475
    Loans secured by nonfarm nonresidential properties $93,129
    Nonfarm nonresidential secured by owner-occupied properties $61,164
    Commercial real estate & other non-farm, non-residential $31,965
    Multifamily residential real estate $7,294
    1-4 family residential loans $66,900
    Farmland loans $13,818
    Loans held in foreign offices $0
    Farm loans $901
    Commercial and industrial loans $39,063
    To non-U.S. addressees $0
    Loans to individuals $3,540
    Credit card loans $0
    Related Plans $24
    Consumer Auto Loans $3,516
    Other loans to individuals $0
    All other loans & leases $442
    Loans to foreign governments and official institutions $0
    Other loans $60
    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 $58
    Non 1-4 family restructured loans & leases $58
    Total loans and leases (foreign) $0

    Premier Bank had $237,742,000 of loans outstanding in 2021. $196,605,000 of loans were in real estate loans. $15,464,000 of loans were in development loans. $7,294,000 of loans were in multifamily mortgage loans. $66,900,000 of loans were in 1-4 family mortgage loans. $901,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,516,000 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 201 $45,223 $224,990
    Nonfarm, nonresidential loans - <$100k 41 $1,045 $25,488
    Nonfarm, nonresidential loans - $100-250k 61 $7,532 $123,475
    Nonfarm, nonresidential loans - $250k-1MM 99 $36,646 $370,162
    Commercial & Industrial, US addressed loans - <$1MM 337 $29,659 $88,009
    Commercial & Industrial, US addressed loans - <$100k 195 $4,736 $24,287
    Commercial & Industrial, US addressed loans - $100-250k 80 $8,507 $106,338
    Commercial & Industrial, US addressed loans - $250k-1MM 62 $16,416 $264,774
    Farmland loans - <$1MM 36 $5,180 $143,889
    Farmland loans - <$100k 12 $276 $23,000
    Farmland loans - $100-250k 10 $1,153 $115,300
    Farmland loans - $250k-1MM 14 $3,751 $267,929
    Agriculture operations loans - <$1MM 14 $635 $45,357
    Agriculture operations loans - <$100k 10 $314 $31,400
    Agriculture operations loans - $100-250k 4 $321 $80,250