First PREMIER Bank
Sioux Falls, South Dakota, Minnehaha County
$3.6B in total assets, the 369th largest of 4,309 US banks and 7th of 58 headquartered in South Dakota.
- FDIC certificate
- 6085
- Established
- 1914
- Owned by
- United National Corp
- Primary regulator
- FED
- Website
- www.firstpremier.com
At a glance
Compared with 16 banks headquartered in South Dakota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.6B | 75% | $2.1B | |
| Loans | $2.1B | 69% | $1.6B | |
| Deposits | $2.9B | 69% | $1.7B | |
| Return on assets | 1.81% | 69% | 1.38% | |
| Net interest margin | 3.52% | 6% | 4.02% | |
| Efficiency ratio | 57.6% | 38% | 60.6% | |
| Equity to assets | 13.55% | 81% | 10.12% | |
| Loans to deposits | 74% | 20% | 90% |
Growth
Total assets grew 3.9% a year over the last 5 years and 6.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 1985 | Farmers State Bank, of Kranzburg, S. D. Kranzburg, SD | $6M |
| Oct 1985 | United National Bank Watertown, SD | $20M |
| Oct 1985 | SunBank of South Dakota Sioux Falls, SD | $15M |
| Nov 1978 | Rosholt Community Bank Rosholt, SD | n/a |
| Feb 1976 | Union Bank & Trust Sioux Falls, SD | n/a |
| Aug 1971 | The Security National Bank of Viborg Viborg, SD | n/a |
| Jul 1971 | Rushmore State Bank Rapid City, SD | n/a |
Where they operate
13 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Minnehaha County, SD | $2.5B | 0.5% | 3 of 26 |
| Codington County, SD | $183M | 11.5% | 3 of 10 |
| Lincoln County, SD | $110M | 0.0% | 10 of 26 |
| Hamlin County, SD | $54M | 23.9% | 2 of 4 |
| Lake County, SD | $49M | 9.9% | 5 of 6 |
| Clay County, SD | $29M | 6.7% | 6 of 7 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 4 branches since 2016 (17 to 13, −23.5%). 1 opened, 0 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 17 | |||
| 2019 | Closed Watertown | 0 | 1 | −1 | 16 |
| 2020 | Opened Madison | 1 | 0 | +1 | 17 |
| 2021 | Closed Sioux Falls | 0 | 1 | −1 | 16 |
| 2023 | Closed Sioux Falls | 0 | 2 | −2 | 14 |
| 2025 | Closed Sioux Falls | 0 | 1 | −1 | 13 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Consumer | 54% | 10% | |
| Commercial real estate | 11% | 25% | |
| 1-4 family residential | 8% | 12% | |
| Business (C&I) | 8% | 19% | |
| Construction and land | 6% | 7% | |
| Multifamily | 5% | 8% | |
| Agricultural | 4% | 9% | |
| Farmland | 3% | 8% | |
| Other | 1% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 45% | 43% | |
| Noninterest-bearing | 29% | 32% | |
| Time deposits | 25% | 25% |
Brokered deposits are 18.3% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.10% | 0.87% |
| Net charge-offs, annualized | 0.19% | 0.23% |
| Reserves to loans | 1.44% | 1.19% |
| Leverage ratio | 13.67% | 10.35% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Minnehaha County, SD
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/first-premier