Primebank Mortgage Rates, Fees & Info
Le Mars, IALEI: 549300EP58VNEJR7BV48
Tax ID: 42-0376810
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Mortgage Data
Bank Data
Review & Overview
Primebank is a smaller bank specializing in various types of mortgages.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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.57% | 4/28/24 |
| 30 Year Conventional Refi | 6.49% | 4/28/24 |
| 30 Year Cash-out Refi | 6.58% | 4/28/24 |
| 15 Year Conventional Purchase | 6.09% | 4/28/24 |
| 15 Year Conventional Refi | 5.80% | 4/28/24 |
| 15 Year Cash-out Refi | 5.80% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Primebank | 1601 S. Main St Sioux Center, IA 51250 | Full Service B&M | $57,168 |
| Primebank | 2700 Hamilton Boulevard Sioux City, IA 51104 | Full Service B&M | $34,074 |
| Primebank | 37 First Avenue, N.W. Le Mars, IA 51031 | Full Service B&M | $301,939 |
| Primebank | 5680 Sunnybrook Dr Sioux City, IA 51106 | Full Service B&M | $93,299 |
For 2021, Primebank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,187 |
| Net interest income | $18,432 |
| Total noninterest income | $4,248 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $345 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,903 |
| Pre-tax net operating income | $11,794 |
| Securities gains (or losses, -) | $-22 |
| Income before extraordinary items | $11,180 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,180 |
| Minority interest net income | $0 |
| Net income | $11,180 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $11,200 |
Primebank's gross interest income from loans was $21,187,000.
Primebank's net interest income from loans was $18,432,000.
Primebank's fee based income from loans was $345,000.
Primebank's net income from loans was $11,180,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,755 |
| Provision for credit losses | $200 |
| Total noninterest expense | $10,686 |
| Salaries and employee benefits | $6,786 |
| Premises and equipment expense | $1,591 |
| Additional noninterest expense | $2,309 |
| Applicable income taxes | $592 |
| Net charge-offs | $-100 |
| Cash dividends | $9,960 |
Primebank's interest expense for loans was $2,755,000.
Primebank's payroll and benefits expense were $6,786,000.
Primebank's property, plant and equipment expenses $1,591,000.
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 | $493,628 |
| Deposits held in domestic offices | $493,628 |
| Deposits by Individuals, partnerships, and corporations | $432,398 |
| Deposits by U.S. Government | $33 |
| Deposits by States and political subdivisions in the U.S. | $49,994 |
| Deposits by Commercial banks and other depository institutions in U.S. | $11,203 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $199,844 |
| Demand deposits | $109,356 |
| Nontransaction accounts | $293,784 |
| Money market deposit accounts (MMDAs) | $153,718 |
| Other savings deposits (excluding MMDAs) | $0 |
| Total time deposits | $140,066 |
| Total time and savings deposits | $384,272 |
| Noninterest-bearing deposits | $109,356 |
| Interest-bearing deposits | $384,272 |
| Retail deposits | $463,339 |
| IRAs and Keogh plan accounts | $17,624 |
| Brokered deposits | $10,520 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $556,335 |
| Cash & Balances due from depository institutions | $12,498 |
| Interest-bearing balances | $6,034 |
| Total securities | $65,793 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $463,930 |
| Loan and leases loss allowance | $4,806 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,520 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,000 |
| All other assets | $4,594 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $556,335 |
| Total Liabilities | $494,625 |
| Total deposits | $493,628 |
| Interest-bearing deposits | $384,272 |
| Deposits held in domestic offices | $493,628 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $997 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $463,930 |
| Loan and leases loss allowance | $4,806 |
| Total loans and leases (domestic) | $468,736 |
| All real estate loans | $320,911 |
| Real estate loans in domestic offices | $320,911 |
| Construction and development loans | $35,839 |
| Residential 1-4 family construction | $17,540 |
| Other construction, all land development and other land | $18,299 |
| Loans secured by nonfarm nonresidential properties | $84,995 |
| Nonfarm nonresidential secured by owner-occupied properties | $67,232 |
| Commercial real estate & other non-farm, non-residential | $17,763 |
| Multifamily residential real estate | $6,907 |
| 1-4 family residential loans | $82,868 |
| Farmland loans | $110,302 |
| Loans held in foreign offices | $0 |
| Farm loans | $73,072 |
| Commercial and industrial loans | $57,168 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,019 |
| Credit card loans | $847 |
| Related Plans | $0 |
| Consumer Auto Loans | $3,058 |
| Other loans to individuals | $3,114 |
| All other loans & leases | $10,566 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $3,121 |
| 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 |
Primebank had $463,930,000 of loans outstanding in 2021. $320,911,000 of loans were in real estate loans. $35,839,000 of loans were in development loans. $6,907,000 of loans were in multifamily mortgage loans. $82,868,000 of loans were in 1-4 family mortgage loans. $73,072,000 of loans were in farm loans. $847,000 of loans were in credit card loans. $3,058,000 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 | 184 | $41,296 | $224,435 |
| Nonfarm, nonresidential loans - <$100k | 51 | $2,422 | $47,490 |
| Nonfarm, nonresidential loans - $100-250k | 54 | $7,902 | $146,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 79 | $30,972 | $392,051 |
| Commercial & Industrial, US addressed loans - <$1MM | 634 | $39,895 | $62,926 |
| Commercial & Industrial, US addressed loans - <$100k | 448 | $11,665 | $26,038 |
| Commercial & Industrial, US addressed loans - $100-250k | 131 | $13,077 | $99,824 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 55 | $15,153 | $275,509 |
| Farmland loans - <$1MM | 193 | $34,327 | $177,860 |
| Farmland loans - <$100k | 41 | $1,769 | $43,146 |
| Farmland loans - $100-250k | 66 | $8,547 | $129,500 |
| Farmland loans - $250k-1MM | 86 | $24,011 | $279,198 |
| Agriculture operations loans - <$1MM | 463 | $39,591 | $85,510 |
| Agriculture operations loans - <$100k | 289 | $10,968 | $37,952 |
| Agriculture operations loans - $100-250k | 113 | $14,724 | $130,301 |
| Agriculture operations loans - $250k-1MM | 61 | $13,899 | $227,852 |