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)

    • 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.

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    Originations

    90

    Origination Dollar Volume (All Markets)

    $22,840,000

    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
    DUBUQUE, IA (FHA|USDA|VA) 71 $17,855,000 $251,479 $0 0.00%
    Outside of Metro Areas 19 $4,985,000 $262,368 $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 90 $22,840,000 $253,778 $0 0.00%

    For 2022, Premier Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $16,240,000 $270,667 $0 0.00%
    Refi 21 $5,835,000 $277,857 $0 0.00%
    Home Improvement 6 $670,000 $111,667 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%

    For 2022, Premier Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $22,840,000 $253,778 $0 0.00%

    For 2022, Premier Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 32 $4,930,000 $154,063 $0 0.00%
    $200k-400k 23 $6,425,000 $279,348 $0 0.00%
    $100,000 or less 18 $990,000 $55,000 $0 0.00%
    $600k-1MM 9 $6,575,000 $730,556 $0 0.00%
    $400k-600k 8 $3,920,000 $490,000 $0 0.00%

    2022 saw Premier Bank place emphasis on $100k-200k loans with 32 originations, totaling $4,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,240,000 $160,000 $0 0.00%
    $50k-75k 14 $3,080,000 $220,000 $0 0.00%
    $150k-250k 13 $4,145,000 $318,846 $0 0.00%
    $250k+ 10 $3,890,000 $389,000 $0 0.00%
    $50k or less 9 $1,265,000 $140,556 $0 0.00%
    $75k-100k 5 $1,555,000 $311,000 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $22,840,000 $253,778 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $13,605,000 $230,593 $0 0.00%
    Not applicable 25 $6,665,000 $266,600 $0 0.00%
    Not provided 5 $1,655,000 $331,000 $0 0.00%
    Asian 1 $915,000 $915,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.92%

    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
    97.78%

    Premier Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $22,840,000 $253,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $22,840,000 $253,778

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    PRIMARY RESIDENTIAL MORTGAGE Conventional home mortgage Trouble during payment process 1 50.0%
    PRIMARY RESIDENTIAL MORTGAGE VA mortgage Trouble during payment process 1 50.0%