First PREMIER Bank

Overview / Commentary
601 South Minnesota Avenue
Sioux Falls, SD 57104

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.

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Reviews (1)

Poor Online Service

Posted by: |

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 to provide online banking, but for bill pay, and some third service for pdf statements. The three services use separated enrollment/log in systems and present inconsistent interface.


Health Grade Components

FDIC Certificate #6085
Year Established1914
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD6.72%
Annual Interest Income$37.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.64B$1.83B
LoansQ2 2020vs Q2 2019$1.46B$1.26B
DepositsQ2 2020vs Q2 2019$2.29B$1.53B
Equity CapitalQ2 2020vs Q2 2019$309.2MM$284.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$20.5MM$19.3MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$6.0MM$2.3MM
Real Estate OwnedQ2 2020vs Q2 2019$0$213.00K

Rates for First PREMIER Bank are currently being reviewed.



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