Primebank


Overview / Commentary
712-546-4175
37 First Avenue, N.W.
Le Mars, IA 51031

Primebank is headquartered in Le Mars and is the 44th largest bank in the state of Iowa. It is also the 1,529th largest bank in the nation. It was established in 1901 and as of June of 2022, it had grown to 80 employees at 4 locations. Primebank's savings rates are 3X the national average, and it has an A health rating.

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Reviews (2)

Online Account Opening

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Primebank does offer online account opening for personal checking and savings accounts.

Accounts Must Be Opened In Person At A Branch

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



Health

Health Grade Components

Overall
FDIC Certificate #8101
Year Established1901
Employees80
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.85%
Return on Equity - YTD17.63%
Annual Interest Income$10.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$588.1MM$554.0MM
LoansQ2 2022vs Q2 2021$495.6MM$439.5MM
DepositsQ2 2022vs Q2 2021$528.2MM$486.5MM
Equity CapitalQ2 2022vs Q2 2021$59.0MM$64.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.0MM$4.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.6MM$3.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$250k*-Elite Savings
OTHER TIERS: 1.25% $50k - $100k | 1.50% $100k - $250k
1.75%*$150k*-IRA Tiered Savings
OTHER TIERS: 0.50% Up to $10k | 0.75% $10k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k | 1.50% $100k - $150k
0.50%--Statement Savings
0.50%*$10k*-HSA Checking
OTHER TIERS: 0.10% $500 - $5k | 0.25% $5k - $10k
0.50%--Super Savers Club

Primebank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*$100k*-Money Market
OTHER TIERS: 0.50% Up to $2.5k | 0.60% $2.5k - $10k | 0.70% $10k - $25k | 0.90% $25k - $50k | 1.10% $50k - $100k

Primebank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$25kuPIC Interest Checking - all qualifications met
OTHER TIERS: 0.15% $25k+
0.35%$10k-Basic Plus Checking
0.30%--uPIC Interest Checking - 3 qualifications met
0.20%--uPIC Interest Checking - 2 qualifications met
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$10k-21 Month CD Special - New Money
4.00%$10k-15 Month CD Special - New Money
2.25%*$10k*-60 Month CD - 2 Step Ups
OTHER TIERS: 2.15% $1k - $10k
2.15%*$10k*-48 Month CD - 1 Step Up
OTHER TIERS: 2.05% $1k - $10k
2.00%*$10k*-36 Month CD
OTHER TIERS: 1.90% $1k - $10k
1.90%*$10k*-30 Month CD
OTHER TIERS: 1.80% $1k - $10k
1.75%*$10k*-24 Month CD
OTHER TIERS: 1.65% $1k - $10k
1.50%*$10k*-18 Month CD
OTHER TIERS: 1.40% $1k - $10k
1.25%*$10k*-12 Month CD
OTHER TIERS: 1.15% $1k - $10k
0.95%*$10k*-6 Month CD
OTHER TIERS: 0.85% $1k - $10k
0.75%*$10k*-3 Month CD
OTHER TIERS: 0.65% $1k - $10k
Locations


Primebank Locations
Sioux Center Branch1601 S. Main StSioux Center, IA 51250
Primebank37 1st Ave NwLe Mars, IA 51031
Sioux City Branch5680 Sunnybrook DrSioux City, IA 51106
2700 Hamilton Boulevard Branch2700 Hamilton BoulevardSioux City, IA 51104

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