Premier Bank Mortgage Rates, Fees & Info
Huntington, WVLEI: 549300SY7D44QB2JV602
Tax ID: 55-0758723
Latest/2023 | 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 and Refi loans. Premier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Virginia Beach, Charleston, Richmond, Clarksburg, and Washington among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)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
227Origination Dollar Volume (All Markets)
$52,035,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 99 | $11,435,000 | $115,505 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $9,105,000 | $9,105,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 47 | $5,585,000 | $118,830 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 14 | $3,880,000 | $277,143 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 10 | $3,810,000 | $381,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $3,795,000 | $421,667 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $2,115,000 | $2,115,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $1,990,000 | $995,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 8 | $1,530,000 | $191,250 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 10 | $1,150,000 | $115,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 7 | $845,000 | $120,714 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 227 | $52,035,000 | $229,229 | $0 | 0.00% |
For 2021, Premier Bank's most frequently originated type of loan was Conventional, with 227 originations.
Loan Reason
For 2021, Premier Bank's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 99 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 227 | $52,035,000 | $229,229 | $0 | 0.00% |
For 2021, Premier Bank's most frequently cited loan duration was Other, with 227 originations.
Loan Sizing
2021 saw Premier Bank place emphasis on $100,000 or less loans with 115 originations, totaling $6,125,000 in origination value.
Applicant Income
Premier Bank lent most frequently to those with incomes in the $50k-75k range, with 48 originations. The second most popular income band? $50k or less, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 227 | $52,035,000 | $229,229 | $0 | 0.00% |
Premier Bank lent most frequently to those with DTI ratios of Exempt%, with 227 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.28%
Premier Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.90%
Premier Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 227 | $52,035,000 | $229,229 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Mortgage, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Premier Mortgage, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
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 | $12,320 |
| Premier Bank, Inc. | 103 Miller Drive Ripley, WV 25271 | Full Service B&M | $32,836 |
| Premier Bank, Inc. | 1130 Connecticut Avenue, N.W., Suite 200 Washington, DC 20036 | Full Service B&M | $0 |
| Premier Bank, Inc. | 1397 Elizabeth Pike Mineral Wells, WV 26150 | Full Service B&M | $14,363 |
| Premier Bank, Inc. | 14 North Locust Street Buckhannon, WV 26201 | Full Service B&M | $64,134 |
| Premier Bank, Inc. | 141 - 155 N. Court Street Covington, VA 24426 | Full Service B&M | $27,955 |
| Premier Bank, Inc. | 1501 K Street, N.W. Washington, DC 20006 | Full Service B&M | $66,014 |
| Premier Bank, Inc. | 1604 17th Street, N.W. Washington, DC 20009 | Full Service B&M | $20,232 |
| Premier Bank, Inc. | 18854 Pond Fork Road Van, WV 25206 | Limited, Drive-thru | $7,317 |
| Premier Bank, Inc. | 2 South Main Street Philippi, WV 26416 | Full Service B&M | $70,934 |
| Premier Bank, Inc. | 201 Pennsylvania Avenue Charleston, WV 25362 | Full Service B&M | $82,086 |
| Premier Bank, Inc. | 202 E. Washington Street Lewisburg, WV 24901 | Full Service B&M | $45,217 |
| Premier Bank, Inc. | 2043 Main Street Clay, WV 25043 | Full Service B&M | $8,752 |
| Premier Bank, Inc. | 25 Oakmont Lane Bridgeport, WV 26330 | Full Service B&M | $40,371 |
| 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 | $151,414 |
| Premier Bank, Inc. | 303 Main Street Spencer, WV 25276 | Full Service B&M | $60,406 |
| Premier Bank, Inc. | 307 Hudgins Street Logan, WV 25601 | Full Service B&M | $13,980 |
| Premier Bank, Inc. | 316 Walbash Avenue Burnsville, WV 26335 | Full Service B&M | $9,210 |
| Premier Bank, Inc. | 320 North First Street Richmond, VA 23219 | Full Service B&M | $51,701 |
| Premier Bank, Inc. | 373 W. Main St. Sutton, WV 26601 | Full Service B&M | $8,912 |
| Premier Bank, Inc. | 40 Lincoln Plaza Branchland, WV 25506 | Full Service B&M | $23,600 |
| Premier Bank, Inc. | 406 Main Street Spencer, WV 25276 | Full Service B&M | $455 |
| Premier Bank, Inc. | 5530 Wisconsin Avenue Chevy Chase, MD 20815 | Full Service B&M | $36,680 |
| Premier Bank, Inc. | 601 Washington St Ravenswood, WV 26164 | Full Service B&M | $35,205 |
| Premier Bank, Inc. | 700 Elk Street Gassaway, WV 26624 | Full Service B&M | $148,091 |
| Premier Bank, Inc. | 799 North Jefferson Street Lewisburg, WV 24901 | Full Service B&M | $45,637 |
| Premier Bank, Inc. | 901 East Main Street White Sulphur Springs, WV 24986 | Full Service B&M | $18,063 |
| Premier Bank, Inc. | One Cedar Street Ronceverte, WV 24970 | Full Service B&M | $66,288 |
| 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 | $14,593 |
For 2021, Premier Bank had 31 branches.