Premier Bank (Rock Valley, IA)
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Data as of · sourced from FFIEC call reports. How we update
Premier Bank is an FDIC-insured commercial bank headquartered in Rock Valley, IA, established in 1997 (FDIC certificate 34384), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $826.5M, up 15.3% from Q2 2025, the 30th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.55% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 34384
- Headquarters
- Rock Valley, IA
- Established
- 1997
- Total assets, Q2 2026
- $826.5M
- Assets vs Q2 2025
- +15.3%
- Tier 1 leverage ratio, Q2 2026
- 9.55%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 073922555
- Latest call report
- Q2 2026, FFIEC 051 · Premier Bank call report
- Holding company
- PREMIER HOLDINGS, LTD.
- Asset rank in state
- 30th of 225 in Iowa
Problem loans are rising at Premier Bank. It reported $826 million in assets at June 30, 2026, up 15.3% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.37% of loans from 0.29% a year earlier. It earns about $2.29 a year on every $100 of assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 39 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
Net income for the quarter rose 25% from a year earlier, to $4.8 million. The commercial and industrial book ($94 million) is worsening: 1.89% of it is past due or on nonaccrual, up from 0.84% a year earlier. Funding is the softer spot: it pays an average of 2.81% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.80%).
As of June 30, 2026, Premier Bank reported a return on assets of 2.29%, a nonperforming-loan ratio of 1.51% and a Texas ratio of 11.26%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Premier Bank is the 30th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.5% to $826.5M, loans fell 3.2% and deposits fell 4.0%. Agricultural production loans made up 39.5% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 26.7%. Its 6 offices in the FDIC Summary of Deposits are in 6 cities across 3 states; its Rock Valley office books 47% of its branch deposits. Judged on its Q2 2026 call report, Premier Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1004 21st Ave, Rock Valley, IA 51247
- County
- Sioux
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 25, 1997
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 65
- Domestic deposits
- $671.7M
- Allowance for credit losses
- $8.4M
- Net charge-offs (YTD)
- -$16K
- Average total assets
- $833.8M
- Average total loans
- $735.2M
- Average interest-bearing deposits
- $596.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 25, 1997
- FDIC Cert
- 34384
- Fed RSSD
- 2539960
- SEC CIK
- 1753697 → filed by PREMIER HOLDINGS, LTD.
- Website
- www.premierbank.bank →
- Parent Holding Company
- PREMIER HOLDINGS, LTD. (RSSD 3066922)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Premier Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Premier Bank's total assets ran between $573.4M (Q3 2023) and $847.9M (Q1 2026), 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
$826.5M total assets against $716.5M; $739.2M total liabilities against $645.6M.
$706.1M net loans and leases against $624.0M; $671.7M total deposits against $589.3M.
$54.4M securities against $54.4M; $32.4M cash and balances due against $11.4M.
$13.3M total interest income against $11.8M; $5.2M total interest expense against $5.2M.
$8.1M net interest income against $6.7M.
$552K total noninterest income against $553K; $3.7M total noninterest expense against $2.5M.
$0 provision for credit losses against $750K.
$4.8M net income against $3.8M.
2.29% return on assets against 2.15%; 4.00% net interest margin against 3.96%.
9.55% tier 1 leverage ratio against 9.44%.
Inside the full 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Premier Bank rankings
Its closest position to the top of a national ranking is 181 of 3,606, for efficiency ratio; its furthest is 1,214 of 4,196, for total assets.
Banks merged into Premier Bank
- Adrian State Bank, effective January 17, 2026
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.82% (Q4 2024) to 2.37% (Q3 2025) and its net interest margin ran from 3.57% (Q3 2024) to 4.00% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.55% | 2.29% | 1.51% | 11.26% | 4.00% |
| Q1 2026 | 9.58% | 2.12% | 0.54% | 3.52% | 3.96% |
| Q4 2025 | 9.46% | 1.85% | 0.54% | 3.22% | 3.76% |
| Q3 2025 | 9.53% | 2.37% | 0.47% | 2.56% | 3.91% |
| Q2 2025 | 9.44% | 2.15% | 0.47% | 2.56% | 3.96% |
| Q1 2025 | 9.55% | 2.10% | 0.29% | 4.84% | 3.66% |
| Q4 2024 | 9.30% | 1.82% | 0.02% | 2.55% | 3.79% |
| Q3 2024 | 9.21% | 2.01% | 0.68% | 5.45% | 3.57% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 |
|---|---|---|---|
| Premier Bank (main office) | Rock Valley , IA | 51247 | $316.1M |
| Alcester Bank Branch | Alcester , SD | 57001 | $152.8M |
| Rock Rapids Branch | Rock Rapids , IA | 51246 | $84.8M |
| Adrian Branch | Adrian , MN | 56110 | $53.8M |
| Doon Branch | Doon , IA | 51235 | $35.6M |
| Hudson Branch | Hudson , SD | 57034 | $28.6M |
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 |
|---|---|---|---|
| January 17, 2026 | Structure Change | Acquired Adrian State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 16, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 18, 2017 | Structure Change | Acquired State Bank of Alcester Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 17, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2004 | Structure Change | Acquired State Bank of Hudson Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 65 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 117 applications, 90 loans originated, $18.5M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2016 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Premier Bank
What are Premier Bank's total assets?
As of the Q2 2026 filing, Premier Bank reported total assets of $826.5 million in its FFIEC call report.
Where is Premier Bank headquartered?
It is headquartered in Rock Valley, IA, United States.
When was Premier Bank founded?
It was established in 1997, per the FDIC institution directory.
Is Premier Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34384). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Premier Bank?
Premier Bank's primary federal regulator is the FDIC.
How many branches does Premier Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Premier Bank's Texas Ratio?
Its Texas Ratio is 11.26% 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.
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