First PREMIER Bank

Headquarters

601 South Minnesota Avenue
Sioux Falls, SD 57104
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.66% →
1-Year CD 0.30% 0.67% →
2-Year CD 0.60% 0.75% →
5-Year CD 1.16% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First PREMIER Bank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1914 and has approximately $2.65 billion in assets. Customers can open an account at one of its 17 branches.

FDIC Insured Yes
FDIC Certificate # 6085
Date Established 1914
Assets $ 2.65 billion
Loans $ 1,499.90 million
Deposits $ 2.31 billion
Capital $ 327.91 million
 

For a more detailed analysis of First PREMIER Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $50 - Learn More
Money Market
0.01% $1 $9,999 Learn More
Money Market
0.02% $10,000 $24,999 Learn More
Money Market
0.03% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $500 - Learn More
12 Mo CD
0.30% $500 - Learn More
18 Mo CD
0.30% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
30 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.86% $500 - Learn More
48 Mo CD
1.08% $500 - Learn More
60 Mo CD
1.16% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $500 - Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First PREMIER Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

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License#: 13256
2.775% 2.750% 0.38 $808 $1,021 Learn More
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NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to First PREMIER Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First PREMIER Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First PREMIER Bank Locations


Financial Details

First PREMIER Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First PREMIER Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First PREMIER Bank U.S. Bank Average
1.24% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, First PREMIER Bank had $4,343,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $327,909,000 in equity and $21,668,000 in loans loss reserves. That gives it a Texas Ratio of 1.24%.

Return on Equity
First PREMIER Bank U.S. Bank Average
10.25% 9.24%

First PREMIER Bank has a Return on Equity of 10.25% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First PREMIER Bank U.S. Bank Average
12.37% 11.96%

First PREMIER Bank has a Capitalization of 12.37% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First PREMIER Bank Balance Sheet Analysis

As of December 31, 2020, First PREMIER Bank had assets of $2,650,083,000, loans of $1,499,903,000, and deposits of $2,305,821,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 776.59 million
Interest-bearing balances $ 552.05 million
Total securities $ 300.45 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,499.90 million
Loan loss allowance $ 21.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 65.40 million
     Total Assets $ 2.32 billion
LIABILITIES
Total deposits $ 2.31 billion
      Interest-bearing deposits $ 1,310.31 million
      Deposits held in domestic offices $ 2.31 billion
      % insured (estimated) 37.49%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 16.35 million
      Total Liabilities $ 2.32 billion
      Shareholders’ Equity $ 327.91 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 78.29 million
Total Interest Expense $ 10.63 million
Net interest income $ 67.66 million
Provision for loan and lease losses $ 12.75 million
Total non interest income $ 50.37 million
Total non interest expense $ 71.80 million
Pre-tax Net Operating Income $ 33.48 million

Bank Loan Profile?

The top three loan types in First PREMIER Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in South Dakota, First PREMIER Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.57
Multifamily
Mortgages
0.84
Credit Card Loans 0.00
Consumer Auto Loans 4.53
Small Business Loans 1.95
Construction and Development Loans 4.04
Commercial Real Estate 9.45
Commercial and Industrial Loans 11.68
Farm Loans 2.73

Frequently Asked Questions About First Premier Bank

Branches and Savings

Is First Premier Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6085.

Why does First Premier Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Premier Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Premier Bank a commercial bank?

Yes

Where are First Premier Bank locations?

See branch locations nearby.

Is First Premier Bank open on Saturdays?

Is First Premier Bank open on Sundays?

What time does First Premier Bank open?

What time does First Premier Bank close?

Are First Premier Bank ATMs Open 24/7?

Do First Premier Bank ATMs accept cash deposits?

Can First Premier Bank customers use other ATMs?

Do First Premier Bank branches have notaries?

Will First Premier Bank notarize my document?

What address for First Premier Bank should I put for incoming ACH transfers?

Will the First Premier Bank branch print checks?

Do First Premier Bank checks expire?

Does First Premier Bank require US citizenship to open account?

Can First Premier Bank close my account?

Does First Premier Bank Report to credit bureaus?

Does First Premier Bank Use Equifax?

What is First Premier Bank's ACH Routing Number?

What is First Premier Bank's SWIFT code?

Products

Does First Premier Bank offer mortgages?

Compare mortgage rates here.

Does First Premier Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Premier Bank offer personal loans?

Compare personal loan rates here.

Does First Premier Bank offer student loans?

Will First Premier Bank cash a check?

Will First Premier Bank redeem a savings bond?

Does First Premier Bank cash savings bonds?

Will First Premier Bank cash money orders?

Can First Premier Bank issue a money order?

Does First Premier Bank do currency exchange?

Background on The Bank

Who owns First Premier Bank?

How long has First Premier Bank been around?

Can First Premier Bank transfer to other banks?

Does First Premier Bank have quick pay?

Does First Premier Bank accept rolled coins?

Will First Premier Bank accept loose change?

Where is First Premier Bank headquarters?

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