Premier Bank Mortgage Rates, Fees & Info
Omaha, NELEI: 54930035WLX14VQW9V81
Tax ID: 47-0275330
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Premier Bank is a smaller bank specializing in Home Purchase loans. Premier Bank has a high proportion of conventional loans. Their top (well, only) market is Omaha.Premier Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
92Origination Dollar Volume (All Markets)
$34,970,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 85 | $32,205,000 | $378,882 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,765,000 | $395,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $31,925,000 | $375,588 | $0 | 0.00% |
| VA | 7 | $3,045,000 | $435,000 | $0 | 0.00% |
For 2024, Premier Bank's most frequently originated type of loan was Conventional, with 85 originations. Their 2nd most popular type was VA, with 7 originations.
Loan Reason
For 2024, Premier Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 92 | $34,970,000 | $380,109 | $0 | 0.00% |
For 2024, Premier Bank's most frequently cited loan duration was Other, with 92 originations.
Loan Sizing
2024 saw Premier Bank place emphasis on $200k-400k loans with 33 originations, totaling $9,715,000 in origination value.
Applicant Income
Premier Bank lent most frequently to those with incomes in the $150k-250k range, with 31 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 92 | $34,970,000 | $380,109 | $0 | 0.00% |
Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.46%
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 origination83.70%
Premier Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 92 | $34,970,000 | $380,109 |