Premier Bank Rochester

421 First Avenue, S.W.
Rochester, MN 55902

Notable Rates APY Vs.Others
Savings 0.05% 2.20% →
1-Year CD 0.20% 2.25% →
2-Year CD 0.35% 2.30% →
5-Year CD 1.15% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Premier Bank Rochester is an FDIC insured institution located in Rochester, MN. It was founded in 1990 and has approximately $0.24 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 33202
Date Established 1990
Assets $0.24 billion
Loans $0.20 billion
Deposits $0.21 billion
Capital $0.02 billion

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

Deposit Rates - January 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $9,999 Learn MoreShow Less
Money Market
0.05% $10,000 $24,999 Learn MoreShow Less
Money Market
0.08% $25,000 - Learn MoreShow Less
Premium Money Market Account
0.05% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.08% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.15% $500 - Learn MoreShow Less
Special: 11 Mo CD
1.35% $5,000 - Learn MoreShow Less
12 Mo CD
0.20% $500 - Learn MoreShow Less
Special: 18 Mo CD
1.50% $10,000 - Learn MoreShow Less
18 Mo CD
1.50% $10,000 - Learn MoreShow Less
24 Mo CD
0.35% $500 - Learn MoreShow Less
36 Mo CD
0.60% $500 - Learn MoreShow Less
48 Mo CD
0.80% $500 - Learn MoreShow Less
60 Mo CD
1.15% $500 - Learn MoreShow Less

Fixed IRA
0.20% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $500 - Learn MoreShow Less

Loan Rates - January 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Premier Bank Rochester

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.384% 3.375% 0.13 $285 $1,106 Learn More
First Internet Bank
NMLS ID: 424182
3.516% 3.500% 0.25 $505 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

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

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Premier Bank Rochester Locations

Financial Details

Premier Bank Rochester Ratio Analysis

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

Texas Ratio
Premier Bank Rochester U.S. Bank Average
4.84% 6.70%

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 September 30, 2019, Premier Bank Rochester had $1,008,000 in non-current loans and $147,000 in owned real estate. To cover these potential losses it had $22,194,000 in equity and $1,679,000 in loans loss reserves. That gives it a Texas Ratio of 4.84%.

Return on Equity
Premier Bank Rochester U.S. Bank Average
15.19% 9.72%

Premier Bank Rochester has a Return on Equity of 15.19% versus the BestCashCow average of 9.72%. 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.

Premier Bank Rochester U.S. Bank Average
9.41% 12.89%

Premier Bank Rochester has a Capitalization of 9.41% versus the BestCashCow average of 12.89. 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 Rochester Balance Sheet Analysis

As of September 30, 2019, Premier Bank Rochester had assets of $235,852,000, loans of $196,247,000, and deposits of $212,006,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.20 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.21 billion
Total deposits $0.21 billion
      Interest-bearing deposits $0.18 billion
      Deposits held in domestic offices $0.21 billion
      % insured (estimated) 78.51%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.21 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

September 30, 2019
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 $0.00 billion

Bank Loan Profile?

The top three loan types in Premier Bank Rochester’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Minnesota, Premier Bank Rochester 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.04
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 0.00
Construction and Development Loans 13.64
Commercial Real Estate 56.65
Commercial and Industrial Loans 8.84
Farm Loans 0.00

Frequently Asked Questions About Premier Bank Rochester

Branches and Savings

Is Premier Bank Rochester FDIC insured?

Yes. It is covered under FDIC Certificate #33202.

Why does Premier Bank Rochester 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 Rochester CD rates not competitive?

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

Is Premier Bank Rochester a commercial bank?


Where are Premier Bank Rochester locations?

See branch locations nearby.

Is Premier Bank Rochester open on Saturdays?

Is Premier Bank Rochester open on Sundays?

What time does Premier Bank Rochester open?

What time does Premier Bank Rochester close?

Are Premier Bank Rochester ATMs Open 24/7?

Do Premier Bank Rochester ATMs accept cash deposits?

Can Premier Bank Rochester customers use other ATMs?

Do Premier Bank Rochester branches have notaries?

Will Premier Bank Rochester notarize my document?

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

Will the Premier Bank Rochester branch print checks?

Do Premier Bank Rochester checks expire?

Does Premier Bank Rochester require US citizenship to open account?

Can Premier Bank Rochester close my account?

Does Premier Bank Rochester Report to credit bureaus?

Does Premier Bank Rochester Use Equifax?

What is Premier Bank Rochester's ACH Routing Number?

What is Premier Bank Rochester's SWIFT code?


Does Premier Bank Rochester offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Premier Bank Rochester offer personal loans?

Compare personal loan rates here.

Does Premier Bank Rochester offer student loans?

Will Premier Bank Rochester cash a check?

Will Premier Bank Rochester redeem a savings bond?

Does Premier Bank Rochester cash savings bonds?

Will Premier Bank Rochester cash money orders?

Can Premier Bank Rochester issue a money order?

Does Premier Bank Rochester do currency exchange?

Background on The Bank

Who owns Premier Bank Rochester?

How long has Premier Bank Rochester been around?

Can Premier Bank Rochester transfer to other banks?

Does Premier Bank Rochester have quick pay?

Does Premier Bank Rochester accept rolled coins?

Will Premier Bank Rochester accept loose change?

Where is Premier Bank Rochester headquarters?

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