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First PREMIER Bank


Overview / Commentary
www.firstpremier.com
605-357-3000
601 South Minnesota Avenue
Sioux Falls, SD 57104

First PREMIER Bank is headquartered in Sioux Falls and is the 8th largest bank in the state of South Dakota. It is also the 396th largest bank in the nation. It was established in 1914 and as of December of 2020, it had grown to 371 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 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.

3


Health
A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6085
Year Established1914
Employees371
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD10.25%
Annual Interest Income$78.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$2.65B$2.04B
LoansQ4 2020vs Q4 2019$1.50B$1.28B
DepositsQ4 2020vs Q4 2019$2.31B$1.72B
Equity CapitalQ4 2020vs Q4 2019$327.9MM$301.8MM
Loan Loss AllowanceQ4 2020vs Q4 2019$21.7MM$19.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$4.1MM$3.9MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First PREMIER Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First PREMIER Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$50-Buck-A-Moo U Kids Savings
0.10%--IRA Savings
0.03%$50-Regular Savings

First PREMIER Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.14%*$1m*-PREMIER Money Market
OTHER TIERS: 0.01% → Up to $10k | 0.02% → $10k - $25k | 0.03% → $25k - $50k | 0.05% → $50k - $100k | 0.08% → $100k - $250k | 0.10% → $250k - $500k | 0.12% → $500k - $1m

First PREMIER Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%*$100k*-Reward Checking
OTHER TIERS: 0.01% → Up to $10k | 0.02% → $10k - $25k | 0.03% → $25k - $50k | 0.05% → $50k - $100k
0.01%$500-Free+ Checking

First PREMIER Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$500-60 Months to <72 Months CD - Reward Rate
0.61%$500-48 Months to <60 Months CD - Reward Rate
0.53%$500-60 Months to <72 Months CD
0.46%$500-36 Months to <48 Months CD - Reward Rate
0.44%$500-48 Months to <60 Months CD
0.36%$500-24 Months to <36 Months CD - Reward Rate
0.35%$500-36 Months to <48 Months CD
0.31%$500-12 Months to <24 Months CD - Reward Rate
0.29%$500-24 Months to <36 Months CD
0.24%$500-6 Months to <12 Months CD - Reward Rate
0.21%$500-12 Months to <24 Months CD
0.18%$500-30 Days to < 6 months CD - Reward Rate
0.10%$500-6 Months to <12 Months CD
0.01%$500-30 Days to < 6 months CD

First PREMIER Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$500-60 Months to <72 Months IRA - Reward Rate
0.61%$500-48 Months to <60 Months IRA - Reward Rate
0.53%$500-60 Months to <72 Months IRA
0.46%$500-36 Months to <48 Months IRA - Reward Rate
0.44%$500-48 Months to <60 Months IRA
0.36%$500-24 Months to <36 Months IRA - Reward Rate
0.35%$500-36 Months to <48 Months IRA
0.31%$500-12 Months to <24 Months IRA - Reward Rate
0.29%$500-24 Months to <36 Months IRA
0.24%$500-6 Months to <12 Months IRA - Reward Rate
0.21%$500-12 Months to <24 Months IRA
0.18%$500-30 Days to < 6 months IRA - Reward Rate
0.10%$500-6 Months to <12 Months IRA
0.01%$500-30 Days to < 6 months IRA
Locations

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