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: Bluefield, Richmond, Washington, Charleston, and Baltimore among others. We have data for 19 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.

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    Originations

    308

    Origination Dollar Volume (All Markets)

    $53,620,000

    Employee count

    230

    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
    Outside of Metro Areas 173 $15,965,000 $92,283 $0 0.00%
    Bluefield, WV-VA (FHA|USDA|VA) 2 $10,030,000 $5,015,000 $0 0.00%
    RICHMOND, VA (FHA|USDA|VA) 17 $7,305,000 $429,706 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 15 $5,165,000 $344,333 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 45 $4,355,000 $96,778 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $3,445,000 $1,148,333 $0 0.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 14 $1,880,000 $134,286 $0 0.00%
    Clarksburg, WV (FHA|USDA|VA) 11 $1,795,000 $163,182 $0 0.00%
    BECKLEY, WV (FHA|USDA|VA) 7 $1,535,000 $219,286 $0 0.00%
    Fairmont, WV (FHA|USDA|VA) 11 $805,000 $73,182 $0 0.00%
    Marietta, OH (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Athens, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Premier Bank's top markets include Bluefield, Richmond, Washington, Charleston, and Baltimore among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 308 $53,620,000 $174,091 $0 0.00%

    For 2019, Premier Bank's most frequently originated type of loan was Conventional, with 308 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 157 $23,675,000 $150,796 $0 0.00%
    Refi 121 $27,355,000 $226,074 $0 0.00%
    Other 17 $1,605,000 $94,412 $0 0.00%
    Home Improvement 13 $985,000 $75,769 $0 0.00%

    For 2019, Premier Bank's most frequently cited loan purpose was Home Purchase, with 157 originations. The 2nd most popular reason was Refi, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 308 $53,620,000 $174,091 $0 0.00%

    For 2019, Premier Bank's most frequently cited loan duration was Other, with 308 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 180 $9,640,000 $53,556 $0 0.00%
    $100k-200k 83 $11,365,000 $136,928 $0 0.00%
    $200k-400k 24 $6,360,000 $265,000 $0 0.00%
    $400k-600k 14 $6,880,000 $491,429 $0 0.00%
    $1MM+ 5 $17,915,000 $3,583,000 $0 0.00%
    $600k-1MM 2 $1,460,000 $730,000 $0 0.00%

    2019 saw Premier Bank place emphasis on $100,000 or less loans with 180 originations, totaling $9,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 69 $3,785,000 $54,855 $0 0.00%
    $50k-75k 65 $5,565,000 $85,615 $0 0.00%
    $75k-100k 39 $3,395,000 $87,051 $0 0.00%
    $100k-150k 38 $5,690,000 $149,737 $0 0.00%
    $150k-250k 21 $4,555,000 $216,905 $0 0.00%
    $250k+ 7 $1,835,000 $262,143 $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 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 308 $53,620,000 $174,091 $0 0.00%

    Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 308 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 69 $28,795,000 $417,319 $0 0.00%
    White 224 $21,240,000 $94,821 $0 0.00%
    Black 13 $3,085,000 $237,308 $0 0.00%
    Asian 2 $500,000 $250,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.51%

    Premier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.04%

    Premier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 308 $53,620,000 $174,091

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $310,000 $155,000
    Multifamily:Site-Built 15 $20,355,000 $1,357,000
    Single Family (1-4 Units):Manufactured 78 $5,040,000 $64,615
    Single Family (1-4 Units):Site-Built 213 $27,915,000 $131,056

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Premier Lending, Inc. Conventional home 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, Inc. 101 N Armistead Avenue Hampton, VA 23669 Full Service B&M $10,739
    Premier Bank, Inc. 103 Miller Drive Ripley, WV 25271 Full Service B&M $16,521
    Premier Bank, Inc. 1130 Connecticut Avenue, N.W., Suite 200 Washington, DC 20036 Full Service B&M $10,261
    Premier Bank, Inc. 1160 First Street, Ne Washington, DC 20002 Full Service Retail $11,330
    Premier Bank, Inc. 1397 Elizabeth Pike Mineral Wells, WV 26150 Full Service B&M $12,327
    Premier Bank, Inc. 14 North Locust Street Buckhannon, WV 26201 Full Service B&M $53,303
    Premier Bank, Inc. 141 - 155 N. Court Street Covington, VA 24426 Full Service B&M $24,991
    Premier Bank, Inc. 1501 K Street, N.W. Washington, DC 20006 Full Service B&M $56,418
    Premier Bank, Inc. 1604 17th Street, N.W. Washington, DC 20009 Full Service B&M $17,888
    Premier Bank, Inc. 18854 Pond Fork Road Van, WV 25206 Limited, Drive-thru $6,629
    Premier Bank, Inc. 2 South Main Street Philippi, WV 26416 Full Service B&M $62,774
    Premier Bank, Inc. 201 Pennsylvania Avenue Charleston, WV 25362 Full Service B&M $106,457
    Premier Bank, Inc. 202 E. Washington Street Lewisburg, WV 24901 Full Service B&M $30,601
    Premier Bank, Inc. 2043 Main Street Clay, WV 25043 Full Service B&M $8,150
    Premier Bank, Inc. 25 Oakmont Lane Bridgeport, WV 26330 Full Service B&M $29,396
    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 $131,347
    Premier Bank, Inc. 303 Main Street Spencer, WV 25276 Full Service B&M $52,459
    Premier Bank, Inc. 307 Hudgins Street Logan, WV 25601 Full Service B&M $11,678
    Premier Bank, Inc. 316 Walbash Avenue Burnsville, WV 26335 Full Service B&M $7,392
    Premier Bank, Inc. 320 North First Street Richmond, VA 23219 Full Service B&M $41,697
    Premier Bank, Inc. 373 W. Main St. Sutton, WV 26601 Full Service B&M $8,708
    Premier Bank, Inc. 40 Lincoln Plaza Branchland, WV 25506 Full Service B&M $16,325
    Premier Bank, Inc. 406 Main Street Spencer, WV 25276 Full Service B&M $381
    Premier Bank, Inc. 5530 Wisconsin Avenue Chevy Chase, MD 20815 Full Service B&M $18,378
    Premier Bank, Inc. 601 Washington St Ravenswood, WV 26164 Full Service B&M $29,358
    Premier Bank, Inc. 606 South Church Street Ripley, WV 25271 Full Service B&M $9,237
    Premier Bank, Inc. 700 Elk Street Gassaway, WV 26624 Full Service B&M $117,130
    Premier Bank, Inc. 799 North Jefferson Street Lewisburg, WV 24901 Full Service B&M $38,363
    Premier Bank, Inc. 901 East Main Street White Sulphur Springs, WV 24986 Full Service B&M $15,573
    Premier Bank, Inc. One Cedar Street Ronceverte, WV 24970 Full Service B&M $60,434
    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 $11,282

    For 2019, Premier Bank had 33 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,046
    Net interest income $50,808
    Total noninterest income $5,237
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,097
    Trading account gains and fees $0
    Additional Noninterest Income $2,140
    Pre-tax net operating income $26,632
    Securities gains (or losses, -) $0
    Income before extraordinary items $20,505
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $20,505
    Minority interest net income $0
    Net income $20,505
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,505

    Premier Bank's gross interest income from loans was $57,046,000.
    Premier Bank's net interest income from loans was $50,808,000.
    Premier Bank's fee based income from loans was $3,097,000.
    Premier Bank's net income from loans was $20,505,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,238
    Provision for credit losses $1,435
    Total noninterest expense $27,978
    Salaries and employee benefits $12,521
    Premises and equipment expense $4,861
    Additional noninterest expense $10,596
    Applicable income taxes $6,127
    Net charge-offs $1,125
    Cash dividends $18,050

    Premier Bank's interest expense for loans was $6,238,000.
    Premier Bank's payroll and benefits expense were $12,521,000.
    Premier Bank's property, plant and equipment expenses $4,861,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 18.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    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 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,020,691
    Deposits held in domestic offices $1,020,691
    Deposits by Individuals, partnerships, and corporations $939,495
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $80,901
    Deposits by Commercial banks and other depository institutions in U.S. $295
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $7,378
    Demand deposits $7,195
    Nontransaction accounts $1,013,313
    Money market deposit accounts (MMDAs) $587,276
    Other savings deposits (excluding MMDAs) $175,754
    Total time deposits $250,283
    Total time and savings deposits $1,013,496
    Noninterest-bearing deposits $275,390
    Interest-bearing deposits $745,301
    Retail deposits $966,791
    IRAs and Keogh plan accounts $38,462
    Brokered deposits $3,153
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,221,060
    Cash & Balances due from depository institutions $75,128
    Interest-bearing balances $59,269
    Total securities $192,641
    Federal funds sold & reverse repurchase $4,380
    Net loans and leases $866,097
    Loan and leases loss allowance $11,184
    Trading account assets $0
    Bank premises and fixed assets $27,746
    Other real estate owned $8,690
    Goodwill and other intangibles $41,664
    All other assets $4,714

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,221,060
    Total Liabilities $1,046,347
    Total deposits $1,020,691
    Interest-bearing deposits $745,301
    Deposits held in domestic offices $1,020,691
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $9,323
    Trading liabilities $0
    Other borrowed funds $13,079
    Subordinated debt $0
    All other liabilities $3,254

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $866,097
    Loan and leases loss allowance $11,184
    Total loans and leases (domestic) $877,281
    All real estate loans $765,723
    Real estate loans in domestic offices $765,723
    Construction and development loans $107,239
    Residential 1-4 family construction $6,459
    Other construction, all land development and other land $100,780
    Loans secured by nonfarm nonresidential properties $356,523
    Nonfarm nonresidential secured by owner-occupied properties $140,050
    Commercial real estate & other non-farm, non-residential $216,473
    Multifamily residential real estate $19,882
    1-4 family residential loans $277,547
    Farmland loans $4,532
    Loans held in foreign offices $0
    Farm loans $24
    Commercial and industrial loans $88,532
    To non-U.S. addressees $0
    Loans to individuals $14,902
    Credit card loans $53
    Related Plans $985
    Consumer Auto Loans $4,928
    Other loans to individuals $8,936
    All other loans & leases $8,100
    Loans to foreign governments and official institutions $0
    Other loans $33
    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 $866,097,000 of loans outstanding in 2019. $765,723,000 of loans were in real estate loans. $107,239,000 of loans were in development loans. $19,882,000 of loans were in multifamily mortgage loans. $277,547,000 of loans were in 1-4 family mortgage loans. $24,000 of loans were in farm loans. $53,000 of loans were in credit card loans. $4,928,000 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 649 $111,420 $171,680
    Nonfarm, nonresidential loans - <$100k 228 $8,423 $36,943
    Nonfarm, nonresidential loans - $100-250k 207 $25,458 $122,986
    Nonfarm, nonresidential loans - $250k-1MM 214 $77,539 $362,332
    Commercial & Industrial, US addressed loans - <$1MM 718 $47,673 $66,397
    Commercial & Industrial, US addressed loans - <$100k 532 $13,434 $25,252
    Commercial & Industrial, US addressed loans - $100-250k 109 $12,175 $111,697
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $22,064 $286,545
    Farmland loans - <$1MM 19 $2,692 $141,684
    Farmland loans - <$100k 6 $151 $25,167
    Farmland loans - $100-250k 9 $1,328 $147,556
    Farmland loans - $250k-1MM 4 $1,213 $303,250
    Agriculture operations loans - <$1MM 1 $24 $24,000
    Agriculture operations loans - <$100k 1 $24 $24,000