First Premier Bank Mortgage Rates, Fees & Info

Sioux Falls, SD

LEI: 549300Z77WUYJM3QG591

Tax ID: 46-0119480

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    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 by origination volume include: Sioux Falls, Watertown, Sioux City, Minneapolis, and Aberdeen among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First 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. First Premier Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.53% 4/21/24
    30 Year Conventional Refi 6.36% 4/21/24
    30 Year Cash-out Refi 6.57% 4/21/24
    30 Year FHA Purchase 7.36% 4/21/24
    30 Year FHA Refi 6.50% 4/21/24
    30 Year VA Purchase 5.94% 4/21/24
    30 Year VA Refi 5.52% 4/21/24
    30 Year USDA Purchase 6.60% 4/21/24
    15 Year Conventional Purchase 6.10% 4/21/24
    15 Year Conventional Refi 5.97% 4/21/24
    15 Year Cash-out Refi 5.97% 4/21/24
    15 Year FHA Purchase 7.24% 4/21/24
    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.

    First Premier Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Premier Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,894

    Origination Dollar Volume (All Markets)

    $467,920,000

    Employee count

    370 Show all (12) awards

    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
    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.

    Their top states include:
  • South Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First PREMIER Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 180
    SIOUX FALLS
    Similarity Rank: 376
    The First National Bank in Sioux Falls
    Similarity Rank: 434
    United Bank of Iowa
    Similarity Rank: 448
    American State Bank
    Similarity Rank: 817
    Dacotah Bank
    Similarity Rank: 980
    CU MORTGAGE DIRECT, LLC
    Similarity Rank: 1014
    Northwest Bank
    Similarity Rank: 1092
    American Bank & Trust
    Similarity Rank: 1258
    BLACK HILLS FEDERAL CREDIT UNION
    Similarity Rank: 1560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Premier Bank's most frequently originated type of loan was Conventional, with 1,477 originations. Their 2nd most popular type was FHA, with 296 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Premier Bank's most frequently cited loan purpose was Home Purchase, with 967 originations. The 2nd most popular reason was 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 2021, First Premier Bank's most frequently cited loan duration was 30 Year, with 1,371 originations. The 2nd most popular length was 15 Year, with 284 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 643 $134,315,000 $208,888
    $2k-3k 422 $87,460,000 $207,251
    $1k-2k 301 $43,955,000 $146,030
    $3k-4k 254 $75,600,000 $297,638
    $4k-5k 80 $31,720,000 $396,500
    $5k+ 53 $30,315,000 $571,981

    First Premier Bank's average total fees were $4,622, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.88%, while their most frequently originated rate bucket for loans was <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 or Islander 1 $195,000 $195,000 $7,364 2.88%

    Approval Rates

    Total approvals of all applications
    92.27%

    First Premier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.19%

    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 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 4001 W. Benson Sioux Falls, SD 57107 Full Service B&M $12,722
    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

    Item Value (in 000's)
    Total interest income $84,414
    Net interest income $76,129
    Total noninterest income $56,786
    Gross Fiduciary activities income $9,458
    Service charges on deposit accounts $3,340
    Trading account gains and fees $0
    Additional Noninterest Income $43,988
    Pre-tax net operating income $50,008
    Securities gains (or losses, -) $-12
    Income before extraordinary items $47,657
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $47,657
    Minority interest net income $0
    Net income $47,657
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $47,668

    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.

    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 $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