Primebank

Overview / Commentary

www.primebank.com

712-546-4175

37 First Avenue, N.W.
Le Mars, IA 51031

Primebank is headquartered in Le Mars and is the 39^th largest bank in the state of Iowa. It is also the 1,454^th largest bank in the nation. It was established in 1901 and as of December of 2019, it had grown to 81 employees at 4 locations. Primebank's savings rates are 35% higher than the national average, and it has an A health rating.

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2017

12/22 - 27-Month CD Special, 2.10% APY

Reviews (1)

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Accounts Must Be Opened In Person At A Branch

Posted by: factpath | Feb 26, 2018

I have confirmed that Primebank requires that new accounts be opened in person at a branch.

Comment

Health

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8101
Year Established	1901
Employees	81
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.67%
Return on Equity - YTD	14.41%
Annual Interest Income	$21.7MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$499.6MM$455.1MM
Loans	Q4 2019vs Q4 2018	$413.7MM$382.6MM
Deposits	Q4 2019vs Q4 2018	$440.8MM$402.7MM
Equity Capital	Q4 2019vs Q4 2018	$57.2MM$51.4MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$4.2MM$3.9MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$5.7MM$4.8MM
Real Estate Owned	Q4 2019vs Q4 2018	$0$0

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Primebank; 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.

Primebank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%^*	$150k^*	-	IRA Tiered Savings
OTHER TIERS: 1.00% → Up to $10k \| 1.10% → $10k - $25k \| 1.20% → $25k - $50k \| 1.30% → $50k - $100k \| 1.40% → $100k - $150k
0.70%^*	$250k^*	-	Elite Savings
OTHER TIERS: 0.50% → $50k - $100k \| 0.60% → $100k - $250k
0.35%^*	$10k^*	-	HSA Checking
OTHER TIERS: 0.15% → $500 - $5k \| 0.25% → $5k - $10k
0.15%	-	-	Statement Savings
0.15%	-	-	Super Savers Club

Primebank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$100k^*	-	Money Market
OTHER TIERS: 0.15% → Up to $2.5k \| 0.20% → $2.5k - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k

Primebank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.30%^*	-	$25k	uPIC Interest Checking - all qualifications met
OTHER TIERS: 0.30% → $25k+
0.45%	-	-	uPIC Interest Checking - 3 qualifications met
0.40%	-	-	uPIC Interest Checking - 2 qualifications met
0.35%	$10k	-	Basic Plus Checking
0.15%^*	$10k^*	-	Business Plus Checking
OTHER TIERS: 0.05% → $500 - $5k \| 0.10% → $5k - $10k
0.15%	-	-	uPIC Interest Checking - 1 qualification met

Primebank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$10k^*	-	24 Month CD
OTHER TIERS: 1.10% → $1k - $10k
1.25%^*	$10k^*	-	30 Month CD
OTHER TIERS: 1.10% → $1k - $10k
1.25%^*	$10k^*	-	36 Month CD
OTHER TIERS: 1.10% → $1k - $10k
1.25%^*	$10k^*	-	48 Month CD - 1 Step Up
OTHER TIERS: 1.10% → $1k - $10k
1.25%^*	$10k^*	-	60 Month CD - 2 Step Ups
OTHER TIERS: 1.10% → $1k - $10k
1.15%^*	$10k^*	-	18 Month CD
OTHER TIERS: 1.00% → $1k - $10k
1.00%^*	$10k^*	-	12 Month CD
OTHER TIERS: 0.85% → $1k - $10k
0.75%^*	$10k^*	-	6 Month CD
OTHER TIERS: 0.60% → $1k - $10k
0.50%^*	$10k^*	-	3 Month CD
OTHER TIERS: 0.35% → $1k - $10k

Locations

Primebank Locations
Sioux Center Branch	1601 S. Main St	Sioux Center, IA 51250
Primebank	37 First Avenue, N.W.	Le Mars, IA 51031
Sioux City Branch	5680 Sunnybrook Dr	Sioux City, IA 51106
2700 Hamilton Boulevard Branch	2700 Hamilton Boulevard	Sioux City, IA 51104

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