First Premier Bank: Financial Reports & UBPR Data
BankRegReports is independent of First Premier Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
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%, according to its call report filed with the FFIEC.
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)
- Offices
- 13 domestic
- 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
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Premier Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First Premier 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
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| 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
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 13 branches →
| 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 | 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 |
| 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 |
| October 17, 1985 | M&A | Acquired United National Bank merger for the acquired bank | SEC |
| October 17, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 17, 1985 | Structure Change | Acquired United National Bank 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 |
| October 11, 1985 | Structure Change | Acquired SunBank of South Dakota Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| 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 Rushmore State Bank merger for the acquired bank | SEC |
| August 1, 1971 | Structure Change | Acquired Rushmore State Bank 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 | M&A | Acquired Farmers State Bank merger for the acquired bank | SEC |
| July 1, 1965 | Structure Change | Acquired Farmers State Bank 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 22 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for First Premier Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- 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).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
Add this badge to your website
Free to use. The badge always shows First Premier Bank’s most recent filed regulatory figures. It updates automatically each quarter, so it never goes stale.
Similar banks
Compare First Premier Bank with peers
Side-by-side comparison of capital, profitability, asset quality, and balance sheet. Pick a peer to view the full head-to-head.
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. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Premier Bank headquartered?
First Premier Bank is headquartered in Sioux Falls, SD, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Premier Bank founded?
First Premier Bank was established in 1914, per the FDIC institution directory.
Is First Premier Bank FDIC-insured?
Yes. First Premier Bank 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. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Premier Bank's CET1 capital ratio?
First Premier Bank 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?
First Premier Bank 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?
First Premier Bank's Texas Ratio is 0.40% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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.
Go deeper on First Premier Bank.
Unlock the full terminal: 26 years of quarterly trends, peer benchmarking, watch flags, and Excel tearsheets for this bank and every other US institution.
Unlock First Premier Bank, freeFree account