First Premier Bank Mortgage Rates, Fees & Info
Sioux Falls, SD
LEI: 549300Z77WUYJM3QG591
Tax ID: 46-0119480
5 stars
-
out of 5 stars, based on 44 reviews
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Mortgage Data
Bank Data
Overview
First Premier Bank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
First Premier Bank has a high proportion of conventional loans.
They have an average proportion of FHA loans.
They have a low ratio of USDA loans.
Their top markets include Sioux Falls, Watertown, Sioux City, Minneapolis, and Aberdeen among others. First Premier Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
First Premier Bank is typically
an average fee
lendor.
Originations
1,894
Origination Dollar Volume (All Markets)
$467,920,000
Employee count
370
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First PREMIER Bank - 2021
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Relative Rate
First Premier Bank's average 30 year fixed rate mortgage of loans were
2.88%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.27%.
Relative Fees
First Premier Bank's average total fees for a 30 year fixed rate
mortgage are $4,622.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
SIOUX FALLS, SD (FHA|USDA|VA)
|
1,322
|
$351,320,000 |
$265,749 |
$4,176 |
2.96% |
|
Watertown, SD (FHA|USDA|VA)
|
235
|
$45,875,000 |
$195,213 |
$3,926 |
2.79% |
|
Outside of Metro Areas
|
162 |
$30,560,000 |
$188,642 |
$4,108 |
2.91% |
|
SIOUX CITY, IA-NE-SD (FHA|USDA|VA)
|
28
|
$4,260,000 |
$152,143 |
$2,840 |
2.55% |
|
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)
|
14
|
$4,170,000 |
$297,857 |
$3,312 |
2.65% |
|
Aberdeen, SD (FHA|USDA|VA)
|
8
|
$2,800,000 |
$350,000 |
$5,509 |
2.63% |
|
Brookings, SD (FHA|USDA|VA)
|
15
|
$2,795,000 |
$186,333 |
$4,882 |
2.98% |
|
RAPID CITY, SD (FHA|USDA|VA)
|
9
|
$2,525,000 |
$280,556 |
$3,786 |
2.85% |
|
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)
|
10
|
$2,430,000 |
$243,000 |
$2,774 |
2.68% |
|
Vermillion, SD (FHA|USDA|VA)
|
11
|
$2,405,000 |
$218,636 |
$4,780 |
3.02% |
|
Yankton, SD (FHA|USDA|VA)
|
8
|
$1,910,000 |
$238,750 |
$4,139 |
2.88% |
|
Pierre, SD (FHA|USDA|VA)
|
4
|
$1,790,000 |
$447,500 |
$5,863 |
2.84% |
|
Spirit Lake, IA (FHA|USDA|VA)
|
6
|
$1,720,000 |
$286,667 |
$5,036 |
2.52% |
|
Mitchell, SD (FHA|USDA|VA)
|
12
|
$1,690,000 |
$140,833 |
$3,318 |
3.15% |
|
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
6
|
$1,430,000 |
$238,333 |
$4,547 |
2.90% |
|
Huron, SD (FHA|USDA|VA)
|
6
|
$960,000 |
$160,000 |
$3,622 |
3.19% |
|
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
3
|
$925,000 |
$308,333 |
$6,423 |
3.00% |
|
Marshall, MN (FHA|USDA|VA)
|
4
|
$850,000 |
$212,500 |
$3,923 |
2.53% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
2
|
$770,000 |
$385,000 |
$5,544 |
3.00% |
|
FARGO, ND-MN (FHA|USDA|VA)
|
3
|
$745,000 |
$248,333 |
$4,854 |
2.54% |
|
Spearfish, SD (FHA|USDA|VA)
|
3
|
$645,000 |
$215,000 |
$3,600 |
3.08% |
|
ROCHESTER, MN (FHA|USDA|VA)
|
2
|
$460,000 |
$230,000 |
$3,851 |
3.50% |
|
LINCOLN, NE (FHA|USDA|VA)
|
2
|
$450,000 |
$225,000 |
$3,955 |
2.69% |
|
Fairmont, MN (FHA|USDA|VA)
|
3
|
$445,000 |
$148,333 |
$3,457 |
2.38% |
|
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$6,462 |
4.00% |
|
IOWA CITY, IA (FHA|USDA|VA)
|
1
|
$345,000 |
$345,000 |
$4,848 |
2.75% |
|
ST. CLOUD, MN (FHA|USDA|VA)
|
2
|
$320,000 |
$160,000 |
$3,791 |
2.88% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$6,666 |
1.88% |
|
Worthington, MN (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$5,958 |
2.88% |
|
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$5,665 |
2.38% |
|
Fremont, NE (FHA|USDA|VA)
|
1
|
$295,000 |
$295,000 |
$4,566 |
2.38% |
|
Carroll, IA (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$2,906 |
2.88% |
|
Wahpeton, ND-MN (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$3,310 |
2.63% |
|
THE VILLAGES, FL (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$4,784 |
2.75% |
|
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$1,347 |
2.13% |
|
PUNTA GORDA, FL (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$4,627 |
2.00% |
|
CEDAR RAPIDS, IA (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$3,681 |
2.75% |
|
Beatrice, NE (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$7,668 |
2.50% |
|
AMES, IA (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$2,650 |
2.75% |
First Premier Bank's top markets include Sioux Falls, Watertown, Sioux City, Minneapolis, and Aberdeen among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
1,477 |
$370,985,000 |
$251,175 |
$3,410 |
2.97% |
| FHA |
296 |
$61,880,000 |
$209,054 |
$6,786 |
2.87% |
| VA |
91 |
$29,465,000 |
$323,791 |
$5,543 |
2.39% |
| USDA |
30 |
$5,590,000 |
$186,333 |
$5,222 |
2.73% |
For the 2021 period, First Premier Bank's most frequently
originated loan type
of loans were Conventional, with 1,477 originations.
Their 2nd most popular type is FHA,
with 296 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
967 |
$278,755,000 |
$288,268 |
$5,092 |
3.01% |
| Refi |
557 |
$114,955,000 |
$206,382 |
$2,947 |
2.69% |
| Cash Out Refi |
290 |
$65,310,000 |
$225,207 |
$3,957 |
2.63% |
| Other |
73 |
$8,385,000 |
$114,863 |
$1,473 |
4.48% |
| Home Improvement |
7 |
$515,000 |
$73,571 |
$554 |
4.77% |
For the 2021, First Premier Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 967
originations.
The 2nd most popular reason of loans were Refi,
with 557 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
1,371 |
$329,705,000 |
$240,485 |
$4,622 |
2.88% |
| 15 Year |
284 |
$56,780,000 |
$199,930 |
$3,273 |
2.20% |
| 10 Year |
70 |
$6,210,000 |
$88,714 |
$965 |
4.33% |
| 20 Year |
69 |
$17,105,000 |
$247,899 |
$3,244 |
2.71% |
| Other |
65 |
$50,105,000 |
$770,846 |
$1,069 |
5.00% |
| 5 Year |
29 |
$5,885,000 |
$202,931 |
$393 |
4.33% |
| 1 Year |
6 |
$2,130,000 |
$355,000 |
$0 |
4.25% |
For the 2021, First Premier Bank's most frequently cited loan
length
of loans were 30 Year, with 1,371 originations.
The 2nd most popular length of loans were 15 Year,
with 284 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
643 |
$134,315,000 |
$208,888 |
| $2k-3k |
422 |
$87,460,000 |
$207,251 |
| $3k-4k |
334 |
$107,320,000 |
$321,317 |
| $1k-2k |
301 |
$43,955,000 |
$146,030 |
| $5k+ |
53 |
$30,315,000 |
$571,981 |
$4,622 of loans were First Premier Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 643 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| <2.5% |
688 |
$160,270,000 |
$232,951 |
| 2.5-3% |
669 |
$164,295,000 |
$245,583 |
| 3-4% |
364 |
$120,560,000 |
$331,209 |
| 4-5% |
119 |
$16,995,000 |
$142,815 |
| 5-6% |
38 |
$4,560,000 |
$120,000 |
| 6-7% |
5 |
$705,000 |
$141,000 |
| 7-8% |
3 |
$75,000 |
$25,000 |
| Over 8% |
3 |
$95,000 |
$31,667 |
During 2021, First Premier Bank's average interest
rate of loans were 2.88%, while their
most frequently originated rate bucket of loans were <2.5%,
with 688 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
811 |
$219,225,000 |
$270,314 |
$4,728 |
2.79% |
| $100k-200k |
689 |
$106,195,000 |
$154,129 |
$3,539 |
2.87% |
| $100,000 or less |
226 |
$14,510,000 |
$64,204 |
$1,693 |
3.71% |
| $400k-600k |
151 |
$72,875,000 |
$482,616 |
$5,745 |
2.67% |
| $600k-1MM |
9 |
$6,965,000 |
$773,889 |
$7,845 |
3.40% |
| $1MM+ |
8 |
$48,150,000 |
$6,018,750 |
$19,748 |
3.28% |
2021 saw First Premier Bank place emphasis on
$200k-400k loans
with 811 originations, totaling
$219,225,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k-75k |
489 |
$97,045,000 |
$198,456 |
$4,350 |
2.88% |
| $50k or less |
385 |
$57,865,000 |
$150,299 |
$3,899 |
2.90% |
| $100k-150k |
334 |
$86,110,000 |
$257,814 |
$4,297 |
2.84% |
| $75k-100k |
281 |
$61,155,000 |
$217,633 |
$4,033 |
2.97% |
| $150k-250k |
182 |
$54,560,000 |
$299,780 |
$4,402 |
2.97% |
| $250k+ |
83 |
$35,575,000 |
$428,614 |
$4,843 |
3.05% |
First Premier Bank lent most frequently to those with incomes in the
$50k-75k range, with
489 originations.
The second most popular income band? $50k or less,
with 385 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30-36% |
341 |
$74,005,000 |
$217,023 |
$3,680 |
2.91% |
| 20-30% |
317 |
$67,835,000 |
$213,991 |
$3,364 |
2.86% |
| <20% |
105 |
$22,655,000 |
$215,762 |
$3,612 |
2.87% |
| 44% |
97 |
$22,945,000 |
$236,546 |
$4,409 |
2.98% |
| 37% |
85 |
$19,425,000 |
$228,529 |
$4,384 |
2.93% |
| 48% |
80 |
$17,610,000 |
$220,125 |
$5,067 |
3.01% |
| 49% |
80 |
$19,500,000 |
$243,750 |
$5,246 |
2.83% |
| 43% |
79 |
$18,955,000 |
$239,937 |
$4,551 |
2.86% |
| 40% |
77 |
$16,485,000 |
$214,091 |
$4,054 |
3.13% |
| 42% |
74 |
$17,770,000 |
$240,135 |
$4,709 |
2.87% |
| 38% |
72 |
$15,160,000 |
$210,556 |
$4,275 |
2.67% |
| 41% |
70 |
$15,690,000 |
$224,143 |
$4,076 |
2.95% |
| 39% |
67 |
$15,365,000 |
$229,328 |
$4,361 |
2.80% |
| 45% |
67 |
$15,355,000 |
$229,179 |
$4,699 |
2.88% |
| 47% |
63 |
$14,525,000 |
$230,556 |
$5,279 |
3.00% |
| 36% |
61 |
$13,245,000 |
$217,131 |
$3,401 |
3.09% |
| 46% |
56 |
$13,810,000 |
$246,607 |
$5,072 |
2.80% |
| 50-60% |
25 |
$5,875,000 |
$235,000 |
$7,320 |
3.28% |
| >60% |
2 |
$510,000 |
$255,000 |
$4,821 |
4.15% |
First Premier Bank lent most frequently to those with DTI ratios
of 30-36%, with
341 originations.
The next most common DTI ratio? 20-30%,
with 317 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
1,506 |
$334,600,000 |
$222,178 |
$4,004 |
2.89% |
| Not provided |
269 |
$64,785,000 |
$240,836 |
$4,638 |
2.92% |
| Not applicable |
35 |
$50,065,000 |
$1,430,429 |
$6,075 |
4.30% |
| Black |
38 |
$8,510,000 |
$223,947 |
$4,992 |
2.94% |
| Asian |
26 |
$5,490,000 |
$211,154 |
$4,265 |
3.08% |
| American Indian |
15 |
$2,645,000 |
$176,333 |
$3,942 |
2.98% |
| Asian Indian |
2 |
$710,000 |
$355,000 |
$4,902 |
2.13% |
| Chinese |
1 |
$545,000 |
$545,000 |
$5,252 |
2.75% |
| Filipino |
1 |
$375,000 |
$375,000 |
$3,881 |
2.00% |
| Native Hawaiian |
1 |
$195,000 |
$195,000 |
$7,364 |
2.88% |
Approval Rates
Total approvals of all applications
94.66%
First Premier Bank has an average approval rate.
Pick Rate
Approvals leading to origination
82.23%
First Premier Bank has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
1,894 |
$467,920,000 |
$247,054 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,894 |
$467,920,000 |
$247,054 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
83 |
$12,775,000 |
$153,916 |
$2,033 |
3.36% |
| 40-60% |
211 |
$40,545,000 |
$192,156 |
$3,098 |
2.70% |
| 60-80% |
660 |
$194,630,000 |
$294,894 |
$3,645 |
2.78% |
| 80-100% |
861 |
$212,225,000 |
$246,487 |
$4,998 |
2.90% |
| Over 100% |
14 |
$4,130,000 |
$295,000 |
$12,475 |
3.25% |
| Under 20% |
64 |
$3,430,000 |
$53,594 |
$573 |
4.81% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| FIRST HORIZON BANK |
Conventional home mortgage |
Closing on a mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Closing on a mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Trouble during payment process |
2 |
5.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
VA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Other type of mortgage |
Trouble during payment process |
1 |
2.9% |
| FIRST HORIZON BANK |
Other type of mortgage |
Closing on a mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
6 |
17.6% |
| FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Struggling to pay mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Struggling to pay mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
| FIRST HORIZON BANK |
FHA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
| FIRST HORIZON BANK |
Conventional home mortgage |
Trouble during payment process |
10 |
29.4% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First Premier Bank |
4001 W. Benson Sioux Falls, SD 57107 |
Full Service B&M
|
$12,722 |
| First Premier Bank |
102 Dakota Ave Kranzburg, SD 57245 |
Full Service B&M
|
$15,305 |
| First Premier Bank |
115 Ohio Street Wakonda, SD 57073 |
Full Service B&M
|
$31,037 |
| First Premier Bank |
1305 West 18th Street Sioux Falls, SD 57105 |
Full Service B&M
|
$6,905 |
| First Premier Bank |
202 Nw 2nd Street Madison, SD 57042 |
Full Service B&M
|
$21,544 |
| First Premier Bank |
24 5th Street, Se Watertown, SD 57201 |
Full Service B&M
|
$18,721 |
| First Premier Bank |
3401 South Kiwanis Avenue Sioux Falls, SD 57105 |
Full Service B&M
|
$51,593 |
| First Premier Bank |
3700 Potsdam Avenue North Sioux Falls, SD 57104 |
Full Service B&M
|
$8,785 |
| First Premier Bank |
4000 S Southeastern Drive Sioux Falls, SD 57103 |
Full Service B&M
|
$33,691 |
| First Premier Bank |
500 South Minnesota Ave Sioux Falls, SD 57104 |
Full Service B&M
|
$2,192,767 |
| First Premier Bank |
503 Main Avenue Lake Norden, SD 57248 |
Full Service B&M
|
$26,670 |
| First Premier Bank |
536 N Sycamore Ave Sioux Falls, SD 57110 |
Full Service B&M
|
$21,031 |
| First Premier Bank |
6010 S Minnesota Ave Sioux Falls, SD 57108 |
Full Service B&M
|
$52,414 |
| First Premier Bank |
6701 W 41st St Sioux Falls, SD 57106 |
Full Service B&M
|
$22,478 |
| First Premier Bank |
824 34th Street Watertown, SD 57201 |
Full Service B&M
|
$137,341 |
| First Premier Bank |
Second And Main Castlewood, SD 57223 |
Full Service B&M
|
$9,800 |
For 2021, First Premier Bank had 16 branches.
Yearly Performance Overview
Bank Income
First Premier Bank's gross interest income from loans was $84,414,000.
First Premier Bank's net interest income from loans was $76,129,000.
First Premier Bank's fee based income from loans was $3,340,000.
First Premier Bank's net income from loans was $47,657,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$8,285 |
| Provision for credit losses |
$1,920 |
| Total noninterest expense |
$80,987 |
| Salaries and employee benefits |
$47,650 |
| Premises and equipment expense |
$7,255 |
| Additional noninterest expense |
$26,082 |
| Applicable income taxes |
$2,339 |
| Net charge-offs |
$30 |
| Cash dividends |
$11,600 |
First Premier Bank's interest expense for loans was $8,285,000.
First Premier Bank's payroll and benefits expense were $47,650,000.
First Premier Bank's property, plant and equipment expenses $7,255,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$2,512,991 |
| Deposits held in domestic offices |
$2,512,991 |
| Deposits by Individuals, partnerships, and corporations |
$2,382,599 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$129,086 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$1,306 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$1,651,210 |
| Demand deposits |
$1,651,210 |
| Nontransaction accounts |
$861,781 |
| Money market deposit accounts (MMDAs) |
$396,271 |
| Other savings deposits (excluding MMDAs) |
$200,886 |
| Total time deposits |
$264,624 |
| Total time and savings deposits |
$861,781 |
| Noninterest-bearing deposits |
$902,587 |
| Interest-bearing deposits |
$1,610,404 |
| Retail deposits |
$2,308,354 |
| IRAs and Keogh plan accounts |
$9,623 |
| Brokered deposits |
$175,059 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$2,889,083 |
| Cash & Balances due from depository institutions |
$618,936 |
| Interest-bearing balances |
$459,230 |
| Total securities |
$623,245 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$1,548,499 |
| Loan and leases loss allowance |
$23,558 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$11,351 |
| Other real estate owned |
$971 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$86,081 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$2,889,083 |
| Total Liabilities |
$2,532,742 |
| Total deposits |
$2,512,991 |
| Interest-bearing deposits |
$1,610,404 |
| Deposits held in domestic offices |
$2,512,991 |
| % insured (estimated) |
$36 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$19,751 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$1,548,499 |
| Loan and leases loss allowance |
$23,558 |
| Total loans and leases (domestic) |
$1,572,057 |
| All real estate loans |
$436,480 |
| Real estate loans in domestic offices |
$436,480 |
| Construction and development loans |
$87,581 |
| Residential 1-4 family construction |
$22,347 |
| Other construction, all land development and other land |
$65,234 |
| Loans secured by nonfarm nonresidential properties |
$205,872 |
| Nonfarm nonresidential secured by owner-occupied properties |
$132,732 |
| Commercial real estate & other non-farm, non-residential |
$73,140 |
| Multifamily residential real estate |
$7,188 |
| 1-4 family residential loans |
$95,872 |
| Farmland loans |
$39,967 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$52,459 |
| Commercial and industrial loans |
$104,602 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$975,831 |
| Credit card loans |
$0 |
| Related Plans |
$5,998 |
| Consumer Auto Loans |
$71,999 |
| Other loans to individuals |
$897,834 |
| All other loans & leases |
$2,685 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$1,831 |
| 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 |
$1,049 |
| Non 1-4 family restructured loans & leases |
$1,031 |
| Total loans and leases (foreign) |
$0 |
First PREMIER Bank had $1,548,499,000 of loans outstanding in 2021. $436,480,000 of loans were in real estate loans.
$87,581,000 of loans were in development loans. $7,188,000 of loans were in multifamily mortgage loans.
$95,872,000 of loans were in 1-4 family mortgage loans. $52,459,000 of loans were in farm loans. $0
of loans were in credit card loans. $71,999,000 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 |
142 |
$35,092 |
$247,127 |
| Nonfarm, nonresidential loans - <$100k |
35 |
$1,604 |
$45,829 |
| Nonfarm, nonresidential loans - $100-250k |
40 |
$5,008 |
$125,200 |
| Nonfarm, nonresidential loans - $250k-1MM |
67 |
$28,480 |
$425,075 |
| Commercial & Industrial, US addressed loans - <$1MM |
532 |
$28,521 |
$53,611 |
| Commercial & Industrial, US addressed loans - <$100k |
390 |
$6,822 |
$17,492 |
| Commercial & Industrial, US addressed loans - $100-250k |
77 |
$7,251 |
$94,169 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
65 |
$14,448 |
$222,277 |
| Farmland loans - <$1MM |
62 |
$8,447 |
$136,242 |
| Farmland loans - <$100k |
19 |
$969 |
$51,000 |
| Farmland loans - $100-250k |
26 |
$3,153 |
$121,269 |
| Farmland loans - $250k-1MM |
17 |
$4,325 |
$254,412 |
| Agriculture operations loans - <$1MM |
112 |
$9,104 |
$81,286 |
| Agriculture operations loans - <$100k |
53 |
$1,288 |
$24,302 |
| Agriculture operations loans - $100-250k |
36 |
$2,567 |
$71,306 |
| Agriculture operations loans - $250k-1MM |
23 |
$5,249 |
$228,217 |
