Premier Bank Mortgage Rates, Fees & Info

Huntington, WV

LEI: 549300SY7D44QB2JV602

Tax ID: 55-0758723

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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 Home Purchase and Refi loans. Premier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Charleston, Morgantown, Clarksburg, and Huntington among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Bank has an 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    300

    Origination Dollar Volume (All Markets)

    $49,170,000

    Employee count

    234

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 15 $15,435,000 $1,029,000 $0 0.00%
    Outside of Metro Areas 140 $14,030,000 $100,214 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 72 $7,360,000 $102,222 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 3 $3,765,000 $1,255,000 $0 0.00%
    Clarksburg, WV (FHA|USDA|VA) 17 $2,785,000 $163,824 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 11 $1,215,000 $110,455 $0 0.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 8 $780,000 $97,500 $0 0.00%
    Fairmont, WV (FHA|USDA|VA) 10 $770,000 $77,000 $0 0.00%
    RICHMOND, VA (FHA|USDA|VA) 5 $605,000 $121,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
    Marietta, OH (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
    BECKLEY, WV (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 4 $230,000 $57,500 $0 0.00%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 6 $210,000 $35,000 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Elkins, WV (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Premier Bank's top markets include Washington, Charleston, Morgantown, Clarksburg, and Huntington among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 300 $49,170,000 $163,900 $0 0.00%

    For 2018, Premier Bank's most frequently originated type of loan was Conventional, with 300 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 174 $20,830,000 $119,713 $0 0.00%
    Refi 106 $22,070,000 $208,208 $0 0.00%
    Other 7 $635,000 $90,714 $0 0.00%
    NA 7 $285,000 $40,714 $0 0.00%
    Home Improvement 6 $5,350,000 $891,667 $0 0.00%

    For 2018, Premier Bank's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 300 $49,170,000 $163,900 $0 0.00%

    For 2018, Premier Bank's most frequently cited loan duration was Other, with 300 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 186 $10,260,000 $55,161 $0 0.00%
    $100k-200k 72 $9,710,000 $134,861 $0 0.00%
    $200k-400k 27 $7,315,000 $270,926 $0 0.00%
    $1MM+ 8 $17,850,000 $2,231,250 $0 0.00%
    $400k-600k 5 $2,515,000 $503,000 $0 0.00%
    $600k-1MM 2 $1,520,000 $760,000 $0 0.00%

    2018 saw Premier Bank place emphasis on $100,000 or less loans with 186 originations, totaling $10,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 69 $3,725,000 $53,986 $0 0.00%
    $50k-75k 60 $5,370,000 $89,500 $0 0.00%
    $75k-100k 43 $4,575,000 $106,395 $0 0.00%
    $100k-150k 35 $4,295,000 $122,714 $0 0.00%
    $150k-250k 16 $1,920,000 $120,000 $0 0.00%
    $250k+ 12 $2,430,000 $202,500 $0 0.00%

    Premier Bank lent most frequently to those with incomes in the $50k or less range, with 69 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 300 $49,170,000 $163,900 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 300 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 62 $26,590,000 $428,871 $0 0.00%
    White 235 $22,115,000 $94,106 $0 0.00%
    Black 3 $465,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.68%

    Premier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.67%

    Premier Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 300 $49,170,000 $163,900

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $15,470,000 $966,875
    Single Family (1-4 Units):Manufactured 67 $4,235,000 $63,209
    Single Family (1-4 Units):Site-Built 217 $29,465,000 $135,783

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Primary Capital Mortgage, LLC VA mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Premier Bank, Inc. 101 N Armistead Avenue Hampton, VA 23669 Full Service B&M $10,848
    Premier Bank, Inc. 103 Miller Drive Ripley, WV 25271 Full Service B&M $15,858
    Premier Bank, Inc. 1130 Connecticut Avenue, N.W., Suite 200 Washington, DC 20036 Full Service B&M $10,248
    Premier Bank, Inc. 1160 First Street, Ne Washington, DC 20002 Full Service Retail $12,376
    Premier Bank, Inc. 1397 Elizabeth Pike Mineral Wells, WV 26150 Full Service B&M $8,999
    Premier Bank, Inc. 14 North Locust Street Buckhannon, WV 26201 Full Service B&M $51,154
    Premier Bank, Inc. 141 - 155 N. Court Street Covington, VA 24426 Full Service B&M $26,287
    Premier Bank, Inc. 1501 K Street, N.W. Washington, DC 20006 Full Service B&M $67,507
    Premier Bank, Inc. 1604 17th Street, N.W. Washington, DC 20009 Full Service B&M $20,846
    Premier Bank, Inc. 18854 Pond Fork Road Van, WV 25206 Limited, Drive-thru $6,788
    Premier Bank, Inc. 2 South Main Street Philippi, WV 26416 Full Service B&M $62,167
    Premier Bank, Inc. 202 E. Washington Street Lewisburg, WV 24901 Full Service B&M $29,590
    Premier Bank, Inc. 2043 Main Street Clay, WV 25043 Full Service B&M $7,481
    Premier Bank, Inc. 25 Oakmont Lane Bridgeport, WV 26330 Full Service B&M $19,084
    Premier Bank, Inc. 2883 Fifth Ave Huntington, WV 25702 Full Service B&M $0
    Premier Bank, Inc. 300 State Street Madison, WV 25130 Full Service B&M $135,155
    Premier Bank, Inc. 303 Main Street Spencer, WV 25276 Full Service B&M $50,481
    Premier Bank, Inc. 307 Hudgins Street Logan, WV 25601 Full Service B&M $10,431
    Premier Bank, Inc. 316 Walbash Avenue Burnsville, WV 26335 Full Service B&M $8,882
    Premier Bank, Inc. 320 North First Street Richmond, VA 23219 Full Service B&M $40,474
    Premier Bank, Inc. 373 W. Main St. Sutton, WV 26601 Full Service B&M $8,956
    Premier Bank, Inc. 40 Lincoln Plaza Branchland, WV 25506 Full Service B&M $16,368
    Premier Bank, Inc. 406 Main Street Spencer, WV 25276 Full Service B&M $401
    Premier Bank, Inc. 5530 Wisconsin Avenue Chevy Chase, MD 20815 Full Service B&M $20,604
    Premier Bank, Inc. 601 Washington St Ravenswood, WV 26164 Full Service B&M $25,500
    Premier Bank, Inc. 606 South Church Street Ripley, WV 25271 Full Service B&M $9,232
    Premier Bank, Inc. 700 Elk Street Gassaway, WV 26624 Full Service B&M $117,974
    Premier Bank, Inc. 799 North Jefferson Street Lewisburg, WV 24901 Full Service B&M $43,236
    Premier Bank, Inc. 901 East Main Street White Sulphur Springs, WV 24986 Full Service B&M $18,942
    Premier Bank, Inc. One Cedar Street Ronceverte, WV 24970 Full Service B&M $62,299
    Premier Bank, Inc. State Route 4 And 20 Rock Cave, WV 26234 Limited, Drive-thru $0
    Premier Bank, Inc. Sutton Lane Sutton, WV 26601 Full Service B&M $10,697

    For 2018, Premier Bank had 32 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,599
    Net interest income $44,640
    Total noninterest income $6,362
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,037
    Trading account gains and fees $0
    Additional Noninterest Income $3,325
    Pre-tax net operating income $22,154
    Securities gains (or losses, -) $0
    Income before extraordinary items $17,026
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,026
    Minority interest net income $0
    Net income $17,026
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,026

    Premier Bank's gross interest income from loans was $48,599,000.
    Premier Bank's net interest income from loans was $44,640,000.
    Premier Bank's fee based income from loans was $3,037,000.
    Premier Bank's net income from loans was $17,026,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,959
    Provision for credit losses $1,790
    Total noninterest expense $27,058
    Salaries and employee benefits $11,761
    Premises and equipment expense $4,575
    Additional noninterest expense $10,722
    Applicable income taxes $5,128
    Net charge-offs $422
    Cash dividends $13,925

    Premier Bank's interest expense for loans was $3,959,000.
    Premier Bank's payroll and benefits expense were $11,761,000.
    Premier Bank's property, plant and equipment expenses $4,575,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 11.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,050,146
    Deposits held in domestic offices $1,050,146
    Deposits by Individuals, partnerships, and corporations $971,799
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $77,885
    Deposits by Commercial banks and other depository institutions in U.S. $462
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $32,618
    Demand deposits $31,108
    Nontransaction accounts $1,017,528
    Money market deposit accounts (MMDAs) $569,896
    Other savings deposits (excluding MMDAs) $183,255
    Total time deposits $264,377
    Total time and savings deposits $1,019,038
    Noninterest-bearing deposits $302,834
    Interest-bearing deposits $747,312
    Retail deposits $991,999
    IRAs and Keogh plan accounts $39,819
    Brokered deposits $14,519
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,239,307
    Cash & Balances due from depository institutions $54,909
    Interest-bearing balances $38,589
    Total securities $230,312
    Federal funds sold & reverse repurchase $13,600
    Net loans and leases $860,391
    Loan and leases loss allowance $10,874
    Trading account assets $0
    Bank premises and fixed assets $21,672
    Other real estate owned $9,945
    Goodwill and other intangibles $42,549
    All other assets $5,929

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,239,307
    Total Liabilities $1,071,462
    Total deposits $1,050,146
    Interest-bearing deposits $747,312
    Deposits held in domestic offices $1,050,146
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $9,040
    Trading liabilities $0
    Other borrowed funds $8,819
    Subordinated debt $0
    All other liabilities $3,457

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $860,391
    Loan and leases loss allowance $10,874
    Total loans and leases (domestic) $871,265
    All real estate loans $751,249
    Real estate loans in domestic offices $751,249
    Construction and development loans $108,334
    Residential 1-4 family construction $10,345
    Other construction, all land development and other land $97,989
    Loans secured by nonfarm nonresidential properties $325,531
    Nonfarm nonresidential secured by owner-occupied properties $124,496
    Commercial real estate & other non-farm, non-residential $201,035
    Multifamily residential real estate $34,254
    1-4 family residential loans $278,085
    Farmland loans $5,045
    Loans held in foreign offices $0
    Farm loans $26
    Commercial and industrial loans $92,511
    To non-U.S. addressees $0
    Loans to individuals $17,125
    Credit card loans $47
    Related Plans $1,194
    Consumer Auto Loans $5,666
    Other loans to individuals $10,218
    All other loans & leases $10,354
    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 $860,391,000 of loans outstanding in 2018. $751,249,000 of loans were in real estate loans. $108,334,000 of loans were in development loans. $34,254,000 of loans were in multifamily mortgage loans. $278,085,000 of loans were in 1-4 family mortgage loans. $26,000 of loans were in farm loans. $47,000 of loans were in credit card loans. $5,666,000 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 654 $109,277 $167,090
    Nonfarm, nonresidential loans - <$100k 235 $9,231 $39,281
    Nonfarm, nonresidential loans - $100-250k 210 $26,292 $125,200
    Nonfarm, nonresidential loans - $250k-1MM 209 $73,754 $352,890
    Commercial & Industrial, US addressed loans - <$1MM 721 $49,165 $68,190
    Commercial & Industrial, US addressed loans - <$100k 527 $13,795 $26,176
    Commercial & Industrial, US addressed loans - $100-250k 108 $12,090 $111,944
    Commercial & Industrial, US addressed loans - $250k-1MM 86 $23,280 $270,698
    Farmland loans - <$1MM 21 $2,939 $139,952
    Farmland loans - <$100k 7 $146 $20,857
    Farmland loans - $100-250k 9 $1,290 $143,333
    Farmland loans - $250k-1MM 5 $1,503 $300,600
    Agriculture operations loans - <$1MM 1 $26 $26,000
    Agriculture operations loans - <$100k 1 $26 $26,000