First PREMIER Bank
First PREMIER Bank reported total assets of $3.6 bn at Q2 2026, up 16.5% on a year earlier, the 353rd largest of 497 banks in our US coverage. The CET1 capital ratio at First PREMIER Bank was 19.95%, and the uninsured share of First PREMIER Bank was 56.10%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, First PREMIER Bank slipped from 167th to 296th among 500 US banks between and (1 = highest; FDIC Call Reports).
- First PREMIER Bank has one of the highest common equity tier 1 (CET1) ratio readings among banks of $1 bn to $10 bn: 19.95% at , against a median of 13.22% across 287 banks (FDIC Call Reports).
- The noncurrent loans to total loans of First PREMIER Bank, 0.10% at , places First PREMIER Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 0.58%; FDIC Call Reports).
What sets First PREMIER Bank apart
- Few banks of $1 bn to $10 bn report a higher uninsured share of domestic deposits than First PREMIER Bank, at 56.10% in against a group median of 32.61%.
- First PREMIER Bank has one of the highest tier 1 leverage ratio readings among banks of $1 bn to $10 bn: 13.67% at , against a median of 10.45% across 339 banks.
How large is First PREMIER Bank?
The balance sheet of First PREMIER Bank at : assets $3.6 bn, deposits $2.9 bn, net loans $2.1 bn (loans equal to 72.74% of deposits). Securities make up 21.1% of total assets at First PREMIER Bank. Since , when First PREMIER Bank held $2.0 bn, its assets grew 84.2%. In the year to , deposits at First PREMIER Bank rose 13.3% while its total assets rose 16.5%. At , First PREMIER Bank employed 391 full-time equivalent staff across 13 offices, about $9.3 mn of assets per employee and $222.6 mn of deposits per office.
How much funding at First PREMIER Bank is uninsured?
At First PREMIER Bank, uninsured deposits (above the FDIC limit) made up 56.10% of domestic deposits at (+5.32 pp on a year earlier); First PREMIER Bank ranks 45th of 500 on this measure. In dollars, First PREMIER Bank estimated $1.6 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.9 bn | +13.3% | 367th of 499 |
| Net loans and leases | $2.1 bn | -0.5% | 423rd of 500 |
| Loan-to-deposit ratio | 72.74% | -10.09 pp | 404th of 500 |
| Tier 1 leverage ratio | 13.67% | -0.25 pp | 39th of 500 |
| Total risk-based capital ratio | 21.18% | +0.94 pp | 31st of 448 |
| Net interest margin | 3.52% | -0.19 pp | 296th of 500 |
| Return on assets (ROA) | 1.79% | +0.14 pp | 80th of 500 |
| Efficiency ratio | 57.61% | -3.02 pp | 282nd of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $30.4 mn | Narrowed by $6.7 mn | |
| Noncurrent loans to total loans | 0.10% | -0.05 pp | 36th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.19% | -0.11 pp | 343rd of 500 (1 = lowest) |
US rank of First PREMIER Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First PREMIER Bank: assets, deposits and loans
- Total assets $3.6bn
- Deposits $2.9bn
- Net loans $2.1bn
Capital and securities
The CET1 ratio of First PREMIER Bank stood at 19.95% in , +0.97 pp year on year. Low and high at First PREMIER Bank since : 17.45% () to 21.89% (). Equity capital of First PREMIER Bank at : $493.3 mn, or 13.5% of total assets. First PREMIER Bank also reported a total capital ratio of 21.18% for , and a tier 1 leverage ratio of 13.67%.
The available-for-sale portfolio of First PREMIER Bank showed an unrealized loss of $30.4 mn at ; the loss narrowed by $6.7 mn over the year.
First PREMIER Bank: capital ratios
- Total capital 21%
- CET1 20%
- Tier 1 leverage 14%
First PREMIER Bank: unrealized securities gains and losses
- Available for sale -$30mn
- Held to maturity $0
Profitability and loan quality
For the year to , First PREMIER Bank earned a return on equity of 13.94%; return on assets: 1.79%. Net interest margin at First PREMIER Bank: 3.52%, -0.19 pp in a year. First PREMIER Bank net income: $33.9 mn, up 28.5% year on year. The efficiency ratio of First PREMIER Bank was 57.61%: about 58 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.10% of total loans at First PREMIER Bank; net charge-offs: 0.19% of average loans. Gross loans and leases at First PREMIER Bank: $2.1 bn, down 0.5% in a year.
First PREMIER Bank: profitability
- Return on equity 14%
- Net interest margin 3.5%
- Return on assets 1.8%
Peer group of First PREMIER Bank
The peer group of First PREMIER Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of First PREMIER Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in South Dakota. Against them, First PREMIER Bank shows CET1 ratio 19.95% against a peer median of 12.59%, return on equity 13.94% against a peer median of 13.16% and uninsured deposit share 56.10% against a peer median of 30.66%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Cornerstone Capital Bank, SSB | State-chartered stock savings bank | TX | $3.7 bn | not reported | 1.00% | 25.72% | |
| Frandsen Bank & Trust | State member bank | MN | $3.7 bn | 13.89% | 15.71% | 31.80% | |
| Parkway Bank and Trust Company | State nonmember bank | IL | $3.7 bn | 12.59% | 10.61% | 13.20% | |
| First PREMIER Bank | State member bank | SD | $3.6 bn | 19.95% | 13.94% | 56.10% | |
| First Community Bank | State nonmember bank | AR | $3.6 bn | 10.61% | 16.94% | 29.53% | |
| Village Bank and Trust | National bank | IL | $3.6 bn | 10.97% | 20.63% | 38.37% | |
| Colony Bank | State nonmember bank | GA | $3.6 bn | 13.55% | 9.90% | 32.42% | |
. FDIC Call Reports.
Last eight quarters
Two years at First PREMIER Bank, to : assets +18.7%, deposits +12.6%, equity +17.7%. Staff 377 to 391; offices 14 to 13.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.1 bn | $3.3 bn | $3.1 bn | $3.1 bn | $3.3 bn | $4.2 bn | $3.6 bn | $3.6 bn |
| Total deposits | $2.6 bn | $2.8 bn | $2.6 bn | $2.6 bn | $2.7 bn | $3.5 bn | $2.8 bn | $2.9 bn |
| Bank equity capital | $419.1 mn | $425.3 mn | $436.7 mn | $439.8 mn | $457.8 mn | $476.6 mn | $487.8 mn | $493.3 mn |
| CET1 ratio | 18.36% | 18.98% | 19.31% | 18.98% | 19.08% | 19.78% | 20.11% | 19.95% |
| Return on equity (ROE) | 12.97% | 13.40% | 12.54% | 12.15% | 12.35% | 12.70% | 13.47% | 13.94% |
| Uninsured share of domestic deposits | 59.12% | 55.95% | 54.78% | 50.78% | 51.05% | 60.60% | 54.48% | 56.10% |
| Full-time equivalent employees | 377 | 377 | 377 | 392 | 378 | 378 | 379 | 391 |
| Number of offices | 14 | 14 | 14 | 14 | 14 | 13 | 13 | 13 |
FDIC Call Reports.
Mergers and acquisitions
Large one-quarter moves at First PREMIER Bank
- Total assets at First PREMIER Bank changed by +26.1% in the quarter to 2025-12-31, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of First PREMIER Bank?
First PREMIER Bank reported $3.6 bn at in its Call Report. That makes First PREMIER Bank the 353rd largest of 497 banks in our US coverage.
Is First PREMIER Bank the same as its holding company?
No. This page covers First PREMIER Bank, FDIC certificate 6085; UNITED NATIONAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First PREMIER Bank profitable?
First PREMIER Bank reported net income of $33.9 mn for the year to ; annualized return on equity: 13.94%. So yes: First PREMIER Bank made a profit over these months.
When is data for First PREMIER Bank next updated?
Figures from First PREMIER Bank for are due after .
Where can I check the figures for First PREMIER Bank?
In the FDIC BankFind Suite record for certificate 6085, and in the Call Reports of First PREMIER Bank (RSSD ID 374653) at the FFIEC Central Data Repository.