Premier Bank Rochester Mortgage Rates, Fees & Info

Rochester, MN

LEI: 5493000TKDOVU0150P51

Tax ID: 41-1677554

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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 Rochester is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    30

    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 Rochester 1706 Greenview Place, S.W. Rochester, MN 55901 Full Service B&M $38,007
    Premier Bank Rochester 3145 Wellner Drive Ne Rochester, MN 55906 Full Service B&M $56,974
    Premier Bank Rochester 3800 North Highway 52. Rochester, MN 55901 Full Service B&M $37,551
    Premier Bank Rochester 421 First Avenue, S.W. Rochester, MN 55902 Full Service B&M $111,667

    For 2021, Premier Bank Rochester had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,517
    Net interest income $9,756
    Total noninterest income $1,091
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $173
    Trading account gains and fees $0
    Additional Noninterest Income $918
    Pre-tax net operating income $5,060
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,579
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,579
    Minority interest net income $0
    Net income $4,579
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,579

    Premier Bank Rochester's gross interest income from loans was $10,517,000.
    Premier Bank Rochester's net interest income from loans was $9,756,000.
    Premier Bank Rochester's fee based income from loans was $173,000.
    Premier Bank Rochester's net income from loans was $4,579,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $761
    Provision for credit losses $58
    Total noninterest expense $5,729
    Salaries and employee benefits $2,844
    Premises and equipment expense $640
    Additional noninterest expense $2,245
    Applicable income taxes $481
    Net charge-offs $-37
    Cash dividends $1,577

    Premier Bank Rochester's interest expense for loans was $761,000.
    Premier Bank Rochester's payroll and benefits expense were $2,844,000.
    Premier Bank Rochester's property, plant and equipment expenses $640,000.

    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 $298,148
    Deposits held in domestic offices $298,148
    Deposits by Individuals, partnerships, and corporations $295,672
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $2,475
    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 $146,695
    Demand deposits $91,557
    Nontransaction accounts $151,453
    Money market deposit accounts (MMDAs) $83,313
    Other savings deposits (excluding MMDAs) $18,794
    Total time deposits $49,347
    Total time and savings deposits $206,591
    Noninterest-bearing deposits $91,557
    Interest-bearing deposits $206,591
    Retail deposits $272,851
    IRAs and Keogh plan accounts $3,009
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $324,815
    Cash & Balances due from depository institutions $46,075
    Interest-bearing balances $44,254
    Total securities $35,792
    Federal funds sold & reverse repurchase $10,000
    Net loans and leases $226,021
    Loan and leases loss allowance $2,710
    Trading account assets $0
    Bank premises and fixed assets $3,826
    Other real estate owned $118
    Goodwill and other intangibles $0
    All other assets $2,983

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $324,815
    Total Liabilities $299,298
    Total deposits $298,148
    Interest-bearing deposits $206,591
    Deposits held in domestic offices $298,148
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,150

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $226,021
    Loan and leases loss allowance $2,710
    Total loans and leases (domestic) $228,731
    All real estate loans $203,893
    Real estate loans in domestic offices $203,893
    Construction and development loans $26,515
    Residential 1-4 family construction $14,437
    Other construction, all land development and other land $12,078
    Loans secured by nonfarm nonresidential properties $133,309
    Nonfarm nonresidential secured by owner-occupied properties $79,847
    Commercial real estate & other non-farm, non-residential $53,462
    Multifamily residential real estate $14,945
    1-4 family residential loans $26,668
    Farmland loans $2,456
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $15,355
    To non-U.S. addressees $0
    Loans to individuals $210
    Credit card loans $0
    Related Plans $24
    Consumer Auto Loans $66
    Other loans to individuals $120
    All other loans & leases $9,273
    Loans to foreign governments and official institutions $0
    Other loans $6,134
    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 $168
    Non 1-4 family restructured loans & leases $168
    Total loans and leases (foreign) $0

    Premier Bank Rochester had $226,021,000 of loans outstanding in 2021. $203,893,000 of loans were in real estate loans. $26,515,000 of loans were in development loans. $14,945,000 of loans were in multifamily mortgage loans. $26,668,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $66,000 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 105 $43,170 $411,143
    Nonfarm, nonresidential loans - <$100k 10 $478 $47,800
    Nonfarm, nonresidential loans - $100-250k 25 $4,354 $174,160
    Nonfarm, nonresidential loans - $250k-1MM 70 $38,338 $547,686
    Commercial & Industrial, US addressed loans - <$1MM 67 $11,102 $165,701
    Commercial & Industrial, US addressed loans - <$100k 32 $1,372 $42,875
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,274 $98,000
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $8,456 $384,364
    Farmland loans - <$1MM 7 $2,262 $323,143
    Farmland loans - <$100k 1 $68 $68,000
    Farmland loans - $100-250k 2 $226 $113,000
    Farmland loans - $250k-1MM 4 $1,968 $492,000