First PREMIER Bank
First PREMIER Bank is headquartered in Sioux Falls and is the 7th largest bank in the state of South Dakota. It is also the 510th largest bank in the nation. It was established in 1914 and as of June of 2017, it had grown to 342 employees at 17 locations. First PREMIER Bank has a B+ health rating.
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Poor Online Service
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.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6085 |
| Year Established | 1914 |
| Employees | 342 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.72% |
| Return on Equity - YTD | 11.23% |
| Annual Interest Income | $28.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.55B$1.96B |
| Loans | Q2 2017vs Q2 2016 | $1.05B$955.8MM |
| Deposits | Q2 2017vs Q2 2016 | $1.26B$1.70B |
| Equity Capital | Q2 2017vs Q2 2016 | $240.6MM$230.1MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $16.0MM$14.6MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.6MM$1.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $574.00K$574.00K |
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