Institution Statistics
| First PREMIER Bank | | FDIC Certificate # | 6085 | | BankRate Report | View | | Year Established | 1914 | | Employees | 294 | | Primary Regulator | FED |
Assets and Liabilities | | Assets | $1.21 billion | | Loans | $683.52 million | | Deposits | $977.10 million | | Equity Capital | $181.41 million | | Loan Loss Allowance | $10.41 million | | Unbacked Noncurrent Loans | $7.26 million |
Historic Data - December 2011 | | Assets | $1.12 billion | | Equity Capital | $174.82 million | | Loan Loss Allowance | $9.45 million | | Unbacked Noncurrent Loans | $8.83 million | | Real Estate Owned | $203,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.9% | | Return on Assets | 1.49% | | Return on Equity | 9.58% | | Interest Income | $48.79 million |
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Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 First PREMIER Bank had $7.26 million in non-current loans and owned real-estate with $191.82 million in equity and loan loss allowances on hand to cover it. This gives First PREMIER Bank a Texas Ratio of 3.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for First PREMIER Bank decreased slightly from 4.90% as of December 31, 2011 to 3.78% as of December 31, 2012, resulting in a positive change of 22.80%.This indicates that the balance sheet and financial strength for First PREMIER Bank has improved slightly in recent periods. | | Deposit Growth | | | In the past year, First PREMIER Bank has increased its total deposits by $91.93 million, resulting in 10.39% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First PREMIER Bank has shown is excellent. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First PREMIER Bank has $1.21 billion in assets with $191.82 million in equity, resulting in a capitalization level of 15.80%, which is excellent. |
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Average User Rating:
A Terrible Place To Bank With
first premier bank, is a typical lending institution issueing credit cards to people with less than perfect credit, true. Ihave been with this bank for months now, I recently requested a credit line increase, was rejected. The reason being that rules imposed by this bank were not followed. They claim late payments, late according to the rules of this bank. A late payment in the credit industry is a payment exceeding 30 days, this bank willl consider you late if you exceed their date which is far less than 30 days. But they sure seem to like the fee that they charge on their so called late payments. Also the monthly feee, and don't forget the yearly fee. oh yes a very low credit line that keeps your credit score low so you have no choice but to stay with lenders like these that pray on people that have tempoary hardships. Hurricanes, fires etc. Payday loans are much cheeper. I never have exceeded 30 days with this bank, will be paying it off soon . I don't recomend this bank to anyone.