First PREMIER Bank

Overview / Commentary
500 S. Minnesota Ave
Sioux Falls, SD 57104

First PREMIER Bank is headquartered in Sioux Falls and is the 6th largest bank in the state of South Dakota. It is also the 343rd largest bank in the nation. It was established in 1914 and as of March of 2022, it had grown to 373 employees at 16 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 - YTD1.29%
Return on Equity - YTD11.82%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$3.48B$3.13B
LoansQ1 2022vs Q1 2021$1.56B$1.49B
DepositsQ1 2022vs Q1 2021$3.13B$2.78B
Equity CapitalQ1 2022vs Q1 2021$336.6MM$333.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$23.7MM$21.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$1.3MM$1.8MM
Real Estate OwnedQ1 2022vs Q1 2021$971.00K$0

Rates for First PREMIER Bank are currently being reviewed.



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