First PREMIER Bank is headquartered in Sioux Falls and is the 7th largest bank in the state of South Dakota. It is also the 385th largest bank in the nation. It was established in 1914 and as of June of 2020, it had grown to 365 employees at 17 locations. First PREMIER Bank has an A+ health rating.
Extremely slow online banking. It will usually take several days (as much as a week) for debit card purchases to appear, and when they do the dates will be wrong and the entries will be out of order. Most banks will show these transactions near-instantly, although as pending or pre-authorized. This is very weak considering it is 2012.
The bank uses fiserv.com to provide online banking, but billpaysite.com for bill pay, and some third service for pdf statements. The three services use separated enrollment/log in systems and present inconsistent interface.
|FDIC Certificate #||6085|
|Return on Assets - YTD||0.9%|
|Return on Equity - YTD||6.72%|
|Annual Interest Income||$37.5MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$2.64B$1.83B|
|Loans||Q2 2020vs Q2 2019||$1.46B$1.26B|
|Deposits||Q2 2020vs Q2 2019||$2.29B$1.53B|
|Equity Capital||Q2 2020vs Q2 2019||$309.2MM$284.3MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$20.5MM$19.3MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$6.0MM$2.3MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$0$213.00K|
Rates for First PREMIER Bank are currently being reviewed.