Premier Bank Mortgage Rates, Fees & Info

Omaha, NE

LEI: 54930035WLX14VQW9V81

Tax ID: 47-0275330

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 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.

    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

    109

    Origination Dollar Volume (All Markets)

    $51,905,000

    Employee count

    51

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 101 $47,085,000 $466,188 $0 0.00%
    Outside of Metro Areas 8 $4,820,000 $602,500 $0 0.00%
    Premier Bank's top markets include and Omaha among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $51,905,000 $476,193 $0 0.00%

    For 2020, Premier Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $28,970,000 $689,762 $0 0.00%
    Home Purchase 38 $13,810,000 $363,421 $0 0.00%
    Cash Out Refi 25 $7,525,000 $301,000 $0 0.00%
    Home Improvement 3 $1,395,000 $465,000 $0 0.00%
    Other 1 $205,000 $205,000 $0 0.00%

    For 2020, Premier Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $51,905,000 $476,193 $0 0.00%

    For 2020, Premier Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 49 $13,745,000 $280,510 $0 0.00%
    $400k-600k 22 $10,360,000 $470,909 $0 0.00%
    $100k-200k 20 $3,090,000 $154,500 $0 0.00%
    $100,000 or less 10 $730,000 $73,000 $0 0.00%
    $1MM+ 5 $21,725,000 $4,345,000 $0 0.00%
    $600k-1MM 3 $2,255,000 $751,667 $0 0.00%

    2020 saw Premier Bank place emphasis on $200k-400k loans with 49 originations, totaling $13,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $6,435,000 $257,400 $0 0.00%
    $150k-250k 21 $7,015,000 $334,048 $0 0.00%
    $250k+ 21 $8,345,000 $397,381 $0 0.00%
    $75k-100k 11 $2,355,000 $214,091 $0 0.00%
    $50k-75k 3 $485,000 $161,667 $0 0.00%
    $50k or less 3 $465,000 $155,000 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $51,905,000 $476,193 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $25,395,000 $291,897 $0 0.00%
    Not applicable 17 $25,065,000 $1,474,412 $0 0.00%
    Black 3 $995,000 $331,667 $0 0.00%
    Not provided 1 $245,000 $245,000 $0 0.00%
    Native Hawaiian or Islander 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.86%

    Premier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    49.54%

    Premier Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $51,905,000 $476,193

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $20,660,000 $3,443,333
    Single Family (1-4 Units):Site-Built 103 $31,245,000 $303,350

    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 202 South Eighth Street Nebraska City, NE 68410 Full Service B&M $50,200
    Premier Bank 16802 Burke St Omaha, NE 68118 Limited, Mobile/Seasonal Office $0
    Premier Bank 16802 Burke Street Omaha, NE 68118 Full Service B&M $154,098
    Premier Bank 352 North 114th Street Omaha, NE 68154 Full Service B&M $52,832
    Premier Bank 4318 Dodge Street Omaha, NE 68131 Full Service B&M $36,306

    For 2020, Premier Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,699
    Net interest income $12,096
    Total noninterest income $2,132
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $119
    Trading account gains and fees $0
    Additional Noninterest Income $2,013
    Pre-tax net operating income $5,225
    Securities gains (or losses, -) $9
    Income before extraordinary items $4,032
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,032
    Minority interest net income $0
    Net income $4,032
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,024

    Premier Bank's gross interest income from loans was $13,699,000.
    Premier Bank's net interest income from loans was $12,096,000.
    Premier Bank's fee based income from loans was $119,000.
    Premier Bank's net income from loans was $4,032,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,603
    Provision for credit losses $300
    Total noninterest expense $8,703
    Salaries and employee benefits $5,241
    Premises and equipment expense $858
    Additional noninterest expense $2,604
    Applicable income taxes $1,202
    Net charge-offs $-42
    Cash dividends $0

    Premier Bank's interest expense for loans was $1,603,000.
    Premier Bank's payroll and benefits expense were $5,241,000.
    Premier Bank's property, plant and equipment expenses $858,000.

    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 $294,230
    Deposits held in domestic offices $294,230
    Deposits by Individuals, partnerships, and corporations $265,548
    Deposits by U.S. Government $497
    Deposits by States and political subdivisions in the U.S. $10,131
    Deposits by Commercial banks and other depository institutions in U.S. $18,054
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $147,262
    Demand deposits $92,965
    Nontransaction accounts $146,968
    Money market deposit accounts (MMDAs) $67,080
    Other savings deposits (excluding MMDAs) $38,379
    Total time deposits $41,509
    Total time and savings deposits $201,265
    Noninterest-bearing deposits $83,490
    Interest-bearing deposits $210,740
    Retail deposits $277,441
    IRAs and Keogh plan accounts $5,238
    Brokered deposits $6,397
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $344,559
    Cash & Balances due from depository institutions $57,163
    Interest-bearing balances $50,261
    Total securities $22,254
    Federal funds sold & reverse repurchase $0
    Net loans and leases $252,965
    Loan and leases loss allowance $3,404
    Trading account assets $0
    Bank premises and fixed assets $5,788
    Other real estate owned $0
    Goodwill and other intangibles $766
    All other assets $5,623

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $344,559
    Total Liabilities $305,606
    Total deposits $294,230
    Interest-bearing deposits $210,740
    Deposits held in domestic offices $294,230
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,376

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $252,965
    Loan and leases loss allowance $3,404
    Total loans and leases (domestic) $256,369
    All real estate loans $202,675
    Real estate loans in domestic offices $202,675
    Construction and development loans $61,147
    Residential 1-4 family construction $26,837
    Other construction, all land development and other land $34,310
    Loans secured by nonfarm nonresidential properties $92,578
    Nonfarm nonresidential secured by owner-occupied properties $37,677
    Commercial real estate & other non-farm, non-residential $54,901
    Multifamily residential real estate $11,207
    1-4 family residential loans $33,837
    Farmland loans $3,906
    Loans held in foreign offices $0
    Farm loans $334
    Commercial and industrial loans $52,632
    To non-U.S. addressees $0
    Loans to individuals $557
    Credit card loans $0
    Related Plans $25
    Consumer Auto Loans $219
    Other loans to individuals $313
    All other loans & leases $171
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Premier Bank had $252,965,000 of loans outstanding in 2020. $202,675,000 of loans were in real estate loans. $61,147,000 of loans were in development loans. $11,207,000 of loans were in multifamily mortgage loans. $33,837,000 of loans were in 1-4 family mortgage loans. $334,000 of loans were in farm loans. $0 of loans were in credit card loans. $219,000 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 67 $23,345 $348,433
    Nonfarm, nonresidential loans - <$100k 3 $111 $37,000
    Nonfarm, nonresidential loans - $100-250k 21 $3,184 $151,619
    Nonfarm, nonresidential loans - $250k-1MM 43 $20,050 $466,279
    Commercial & Industrial, US addressed loans - <$1MM 215 $24,445 $113,698
    Commercial & Industrial, US addressed loans - <$100k 117 $3,969 $33,923
    Commercial & Industrial, US addressed loans - $100-250k 41 $4,532 $110,537
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $15,944 $279,719
    Farmland loans - <$1MM 17 $2,566 $150,941
    Farmland loans - <$100k 8 $191 $23,875
    Farmland loans - $100-250k 5 $757 $151,400
    Farmland loans - $250k-1MM 4 $1,618 $404,500
    Agriculture operations loans - <$1MM 4 $334 $83,500
    Agriculture operations loans - <$100k 1 $18 $18,000
    Agriculture operations loans - $100-250k 3 $316 $105,333