Premier Business Bank


700 South Flower Street, Suite 2000
Los Angeles, CA 90017
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Premier Business Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 2006 and has approximately $0.64 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 58261
Date Established 2006
Assets $ 639.42 million
Loans $ 552.95 million
Deposits $ 473.90 million
Capital $ 53.10 million

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

Deposit Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Premier Business 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

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 2890
License#: 13256
2.904% 2.875%
0.38 points
$928 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Premier Business Bank
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Climate Initiatives

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Financial Details

Premier Business Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Premier Business Bank. 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 Business Bank U.S. Bank Average
1.66% 4.78%

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 June 30, 2021, Premier Business Bank had $0 in non-current loans and $934,000 in owned real estate. To cover these potential losses it had $53,095,000 in equity and $3,012,000 in loans loss reserves. That gives it a Texas Ratio of 1.66%.

Return on Equity
Premier Business Bank U.S. Bank Average
16.33% 11.29%

Premier Business Bank has a Return on Equity of 16.33% versus the BestCashCow average of 11.29%. 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 Business Bank U.S. Bank Average
8.3% 11.72%

Premier Business Bank has a Capitalization of 8.3% versus the BestCashCow average of 11.72. 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 Business Bank Balance Sheet Analysis

As of March 31, 2018, Premier Business Bank had assets of $639,416,000, loans of $552,949,000, and deposits of $473,901,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 59.37 million
Interest-bearing balances $ 46.87 million
Total securities $ 10.33 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 552.95 million
Loan loss allowance $ 3.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.93 million
Goodwill and other intangibles $ 1.18 million
All other assets $ 10.64 million
     Total Assets $ 586.32 million
Total deposits $ 473.90 million
      Interest-bearing deposits $ 357.85 million
      Deposits held in domestic offices $ 473.90 million
      % insured (estimated) 73.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 110.00 million
Subordinated debt N.A.
All other liabilities $ 2.42 million
      Total Liabilities $ 586.32 million
      Shareholders’ Equity $ 53.10 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 7.01 million
Total Interest Expense $ 1.15 million
Net interest income $ 5.86 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.54 million
Total non interest expense $ 3.37 million
Pre-tax Net Operating Income $ 3.03 million

Bank Loan Profile?

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

Compared to other banks in California, Premier Business Bank has a significantly higher percent of 1-4 Family Residential 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.08
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 8.17
Commercial Real Estate 34.20
Commercial and Industrial Loans 4.95
Farm Loans 0.00

Frequently Asked Questions About Premier Business Bank

Branches and Savings

Is Premier Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58261.

Why does Premier Business 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 Business Bank CD rates not competitive?

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

Is Premier Business Bank a commercial bank?


Where are Premier Business Bank locations?

See branch locations nearby.

Is Premier Business Bank open on Saturdays?

Is Premier Business Bank open on Sundays?

What time does Premier Business Bank open?

What time does Premier Business Bank close?

Are Premier Business Bank ATMs Open 24/7?

Do Premier Business Bank ATMs accept cash deposits?

Can Premier Business Bank customers use other ATMs?

Do Premier Business Bank branches have notaries?

Will Premier Business Bank notarize my document?

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

Will the Premier Business Bank branch print checks?

Do Premier Business Bank checks expire?

Does Premier Business Bank require US citizenship to open account?

Can Premier Business Bank close my account?

Does Premier Business Bank Report to credit bureaus?

Does Premier Business Bank Use Equifax?

What is Premier Business Bank's ACH Routing Number?

What is Premier Business Bank's SWIFT code?


Does Premier Business Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Premier Business Bank offer personal loans?

Compare personal loan rates here.

Does Premier Business Bank offer student loans?

Will Premier Business Bank cash a check?

Will Premier Business Bank redeem a savings bond?

Does Premier Business Bank cash savings bonds?

Will Premier Business Bank cash money orders?

Can Premier Business Bank issue a money order?

Does Premier Business Bank do currency exchange?

Background on The Bank

Who owns Premier Business Bank?

How long has Premier Business Bank been around?

Can Premier Business Bank transfer to other banks?

Does Premier Business Bank have quick pay?

Does Premier Business Bank accept rolled coins?

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Where is Premier Business Bank headquarters?

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