First Premier Bank
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Data as of · sourced from FFIEC call reports. How we update
First Premier Bank is an FDIC-insured commercial bank headquartered in Sioux Falls, SD, established in 1914 (FDIC certificate 6085), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $3.64B, up 16.5% from Q2 2025, the 7th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 19.95% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 6085
- Headquarters
- Sioux Falls, SD
- Established
- 1914
- Total assets, Q2 2026
- $3.64B
- Assets vs Q2 2025
- +16.5%
- CET1 ratio, Q2 2026
- 19.95%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 091408598
- Holding company
- UNITED NATIONAL CORPORATION
- Asset rank in state
- 7th of 56 in South Dakota
First Premier Bank carries far more capital than most banks of its size. It reported $3.6 billion in assets at June 30, 2026, up 16.5% from a year earlier. It holds common equity equal to 19.95% of its risk-weighted assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). On the other hand, it holds about half of its deposits (56%) above the FDIC insurance limit, about double the median of 30.9% for banks its size.
Earnings jumped: net income for the quarter was $18 million, 37% above the same quarter a year earlier. Over the same year, loans shrank 0.5% and deposits grew 13.3%.
As of June 30, 2026, First Premier Bank reported a CET1 capital ratio of 19.95%, a return on assets of 1.85%, a nonperforming-loan ratio of 0.10% and a Texas ratio of 0.40%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Premier Bank is the 7th largest of the 56 banks headquartered in South Dakota. Between Q1 2026 and Q2 2026, its total assets rose 2.5% to $3.64B, loans rose 0.9% and deposits rose 1.7%. Other consumer loans made up 50.6% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 8.2%. Its 13 offices in the FDIC Summary of Deposits are in 7 cities in SD; its Sioux Falls 6 offices book 89% of its branch deposits. Judged on its Q2 2026 call report, First Premier Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 500 S Minnesota Ave, Sioux Falls, SD 57104
- County
- Minnehaha
- Metro Area
- Sioux Falls, SD-MN
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1914
- Former names
- First Premier Bank, National Association (1992-1996); First Interstate Bank of South Dakota, National Association (1988-1992); United National Bank (1971-1988); United National Bank of South Dakota (1971); United National Bank of Vermillion, Vermillion, South Dakota (1969-1971); Citizens Bank (1939-1969)
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 391
- Domestic deposits
- $2.89B
- Allowance for credit losses
- $30.8M
- Net charge-offs (YTD)
- $2.1M
- Average total assets
- $3.82B
- Average total loans
- $2.11B
- Average interest-bearing deposits
- $2.11B
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 6085
- Fed RSSD
- 374653
- Website
- www.firstpremier.com →
- Parent Holding Company
- UNITED NATIONAL CORPORATION (RSSD 1842421)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Premier Bank's total assets ranged from $2.91B (Q3 2023) to $4.15B (Q4 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.64B total assets against $3.13B; $3.15B total liabilities against $2.69B.
$2.11B net loans and leases against $2.12B; $2.89B total deposits against $2.55B.
$767.4M securities against $416.1M; $575.6M cash and balances due against $431.7M.
$45.0M total interest income against $41.7M; $14.6M total interest expense against $15.0M.
$30.4M net interest income against $26.8M.
$15.5M total noninterest income against $14.3M; $26.4M total noninterest expense against $25.0M.
$1.1M provision for credit losses against $2.5M.
$17.6M net income against $12.8M.
1.85% return on assets against 1.50%; 3.54% net interest margin against 3.47%.
19.95% CET1 capital ratio against 18.98%; 13.67% tier 1 leverage ratio against 13.92%.
Inside the full First Premier Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
More than half of deposits are uninsured (above the $250K FDIC threshold). Worth understanding the depositor concentration in stressed scenarios. BankRegReports early-warning band.
First Premier Bank rankings
Its closest position to the top of a national ranking is 55 of 980, for uninsured deposits; its furthest is 3,022 of 3,640, for Texas Ratio.
Metric pages for First Premier Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.50% (Q2 2025) to 1.85% (Q2 2026) and its net interest margin ran from 3.31% (Q3 2024) to 3.63% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.95% | 1.85% | 0.10% | 0.40% | 3.54% |
| Q1 2026 | 20.11% | 1.74% | 0.14% | 0.59% | 3.49% |
| Q4 2025 | 19.78% | 1.76% | 0.12% | 0.52% | 3.63% |
| Q3 2025 | 19.08% | 1.67% | 0.16% | 0.71% | 3.61% |
| Q2 2025 | 18.98% | 1.50% | 0.15% | 0.67% | 3.47% |
| Q1 2025 | 19.31% | 1.60% | 0.07% | 0.32% | 3.40% |
| Q4 2024 | 18.98% | 1.77% | 0.09% | 0.41% | 3.48% |
| Q3 2024 | 18.36% | 1.59% | 0.06% | 0.27% | 3.31% |
Swipe the table sideways to see every column.
Branch Network
View all 13 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Premier Bank (main office) | Sioux Falls , SD | 57104 | $2.33B |
| Watertown I29 Branch | Watertown , SD | 57201 | $132.5M |
| 69th & Minnesota Branch | Sioux Falls , SD | 57108 | $110.2M |
| Madison Branch | Madison , SD | 57042 | $49.4M |
| South Kiwanis Branch | Sioux Falls , SD | 57105 | $48.6M |
| Lake Norden Branch | Lake Norden , SD | 57248 | $38.1M |
| Sioux Falls - Sertoma Branch | Sioux Falls , SD | 57106 | $36.6M |
| Watertown Branch | Watertown , SD | 57201 | $35.9M |
| Wakonda Branch | Wakonda , SD | 57073 | $28.6M |
| Sycamore Branch | Sioux Falls , SD | 57110 | $27.3M |
| West Benson Branch | Sioux Falls , SD | 57107 | $22.4M |
| Castlewood Branch | Castlewood , SD | 57223 | $15.7M |
| Kranzburg Branch | Kranzburg , SD | 57245 | $14.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 2, 1985 | Structure Change | Acquired Farmers State Bank, of Kranzburg, S. D. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 2, 1985 | M&A | Acquired Farmers State Bank, of Kranzburg, S. D. merger for the acquired bank | SEC |
| December 2, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 1985 | M&A | Acquired United National Bank merger for the acquired bank | SEC |
| October 17, 1985 | Structure Change | Acquired United National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 17, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 11, 1985 | Structure Change | Acquired SunBank of South Dakota Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 11, 1985 | M&A | Acquired SunBank of South Dakota merger for the acquired bank | SEC |
| October 11, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 4, 1978 | M&A | Acquired Rosholt Community Bank merger for the acquired bank | SEC |
| November 4, 1978 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 4, 1978 | Structure Change | Acquired Rosholt Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 17, 1976 | M&A | Acquired Union Bank & Trust merger for the acquired bank | SEC |
| February 17, 1976 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 17, 1976 | Structure Change | Acquired Union Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 1, 1971 | M&A | Acquired The Security National Bank of Viborg merger for the acquired bank | SEC |
| August 1, 1971 | Structure Change | Acquired The Security National Bank of Viborg Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 31, 1971 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 1, 1969 | M&A | Acquired United National Bank of Brandon merger for the acquired bank | SEC |
| August 1, 1969 | Structure Change | Acquired United National Bank of Brandon Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 1965 | Structure Change | Acquired Security State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 1965 | M&A | Acquired Security State Bank merger for the acquired bank | SEC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 22 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC); 1 against individuals associated with it
- July 28, 1993, OCC: Formal Agreement: First Premier Bank National Association
- Period: Most recent institution action July 28, 1993. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in SD, rank 8 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,511 applications, 977 loans originated, $230.8M originated, across 27 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $27K approved, $27K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Premier Bank
What are First Premier Bank's total assets?
As of the Q2 2026 filing, First Premier Bank reported total assets of $3.64 billion in its FFIEC call report.
Where is First Premier Bank headquartered?
It is headquartered in Sioux Falls, SD, United States.
When was First Premier Bank founded?
It was established in 1914, per the FDIC institution directory.
Is First Premier Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #6085). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Premier Bank?
First Premier Bank's primary federal regulator is the Federal Reserve.
What is First Premier Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.95% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Premier Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Premier Bank's Texas Ratio?
Its Texas Ratio is 0.40% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was First Premier Bank previously called?
The charter now named First Premier Bank has also operated as First Premier Bank, National Association (1992-1996), First Interstate Bank of South Dakota, National Association (1988-1992), United National Bank (1971-1988), United National Bank of South Dakota (1971), United National Bank of Vermillion, Vermillion, South Dakota (1969-1971), Citizens Bank (1939-1969), per FDIC structure-change records.
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