Premier Bank

2866 White Bear Avenue
Maplewood, MN 55109

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21714
Date Established 1974
Assets $0.80 billion
Loans $0.63 billion
Deposits $0.70 billion
Capital $0.08 billion

Premier Bank is an FDIC insured institution located in Maplewood, MN. It was founded in 1974 and has approximately $0.8 billion in assets. Customers can open an account at one of its 8 branches.

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

Deposit Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,500 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $2,500 - Learn MoreShow Less
6 Mo CD
0.50% $2,500 - Learn MoreShow Less
12 Mo CD
1.25% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
2.10% $10,000 - Learn MoreShow Less
Special: 18 Mo CD
2.25% $10,000 - Learn MoreShow Less
24 Mo CD
1.50% $1,000 - Learn MoreShow Less
36 Mo CD
1.75% $1,000 - Learn MoreShow Less
Special: 37 Mo CD
2.50% $10,000 - Learn MoreShow Less
48 Mo CD
2.65% $1,000 - Learn MoreShow Less
2.75% $1,000 $9,999,999 Learn MoreShow Less
60 Mo CD
2.75% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.25% $500 - Learn MoreShow Less
Special: 13 Mo FIRA
2.10% $10,000 - Learn MoreShow Less
Special: 18 Mo FIRA
2.25% $10,000 - Learn MoreShow Less
Special: 37 Mo FIRA
2.50% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less

Loan Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

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:
Seattle,Washington


Premier Bank Locations


Financial Details

Premier Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 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
Premier Bank U.S. Bank Average
9.93% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2019, Premier Bank had $3,126,000 in non-current loans and $5,400,000 in owned real estate. To cover these potential losses it had $78,841,000 in equity and $6,993,000 in loans loss reserves. That gives it a Texas Ratio of 9.93%.

Return on Equity
Premier Bank U.S. Bank Average
18.5% 9.47%

Premier Bank has a Return on Equity of 18.5% versus the BestCashCow average of 9.47%. 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
Premier Bank U.S. Bank Average
9.89% 12.49%

Premier Bank has a Capitalization of 9.89% versus the BestCashCow average of 12.49. 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.

Premier Bank Balance Sheet Analysis

As of March 31, 2019, Premier Bank had assets of $797,009,000, loans of $628,521,000, and deposits of $698,520,000. 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

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.04 billion
Total securities $0.09 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.63 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.72 billion
LIABILITIES
Total deposits $0.70 billion
      Interest-bearing deposits $0.66 billion
      Deposits held in domestic offices $0.70 billion
      % insured (estimated) 70.76%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.72 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

The top three loan types in Premier Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, Premier Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate 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 8.19
Multifamily
Mortgages
2.70
Credit Card Loans 0.00
Consumer Auto Loans 0.13
Small Business Loans 0.00
Construction and Development Loans 17.31
Commercial Real Estate 57.40
Commercial and Industrial Loans 11.57
Farm Loans 0.00

Frequently Asked Questions About Premier Bank

Branches and Savings

Is Premier Bank FDIC insured?

Yes. It is covered under FDIC Certificate #21714.

Why does 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 Premier Bank CD rates not competitive?

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

Is Premier Bank a commercial bank?

Yes

Where are Premier Bank locations?

See branch locations nearby.

Is Premier Bank open on Saturdays?

Is Premier Bank open on Sundays?

What time does Premier Bank open?

What time does Premier Bank close?

Are Premier Bank ATMs Open 24/7?

Do Premier Bank ATMs accept cash deposits?

Can Premier Bank customers use other ATMs?

Do Premier Bank branches have notaries?

Will Premier Bank notarize my document?

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

Will the Premier Bank branch print checks?

Do Premier Bank checks expire?

Does Premier Bank require US citizenship to open account?

Can Premier Bank close my account?

Does Premier Bank Report to credit bureaus?

Does Premier Bank Use Equifax?

What is Premier Bank's ACH Routing Number?

What is Premier Bank's SWIFT code?

Products

Does Premier Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Premier Bank offer personal loans?

Compare personal loan rates here.

Does Premier Bank offer student loans?

Will Premier Bank cash a check?

Will Premier Bank redeem a savings bond?

Does Premier Bank cash savings bonds?

Will Premier Bank cash money orders?

Can Premier Bank issue a money order?

Does Premier Bank do currency exchange?

Background on The Bank

Who owns Premier Bank?

How long has Premier Bank been around?

Can Premier Bank transfer to other banks?

Does Premier Bank have quick pay?

Does Premier Bank accept rolled coins?

Will Premier Bank accept loose change?

Where is Premier Bank headquarters?

Customer Reviews for Premier Bank


  • tavonnepayne

    June 28, 2017 |

    showmethirtythousanddollars

Add Your Review

Rate it here →