First PREMIER Bank: how it compares with its peers
Against 9 SD banks with half to twice its assets, First PREMIER Bank's strongest measure in Q2 2026 is return on assets (1.79% vs. a 1.31% peer median). Its weakest relative measure is net interest margin (3.52% vs. 4.01%).
| Measure | First PREMIER Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.79% | 1.31% | Top third Ahead of 78% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.52% | 4.01% | Bottom third Ahead of 11% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 57.61% | 62.19% | Top third Ahead of 67% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.3M | $8.0M | Top third Ahead of 67% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.74% | 86.63% | Context |
What it means for lending operations
Its efficiency ratio of 57.61% is better than the 62.19% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- First Dakota National Bank Yankton, SD · $3.39B
- Sunrise Banks, National Association Sioux Falls, SD · $2.78B
- First Bank & Trust Brookings, SD · $4.78B
- Dacotah Bank Aberdeen, SD · $4.92B
- American Bank & Trust Sioux Falls, SD · $2.25B
- The First National Bank in Sioux Falls Sioux Falls, SD · $2.12B
Questions about First PREMIER Bank
How big is First PREMIER Bank?
First PREMIER Bank, established in 1914, is headquartered in Sioux Falls, SD. It reported $3.64B in total assets in its Q2 2026 FDIC call report and operates 13 offices.
What is First PREMIER Bank's return on assets?
1.79% annualized in Q2 2026, against a 1.31% median for 9 SD banks with half to twice its assets, ahead of 78% of them.
What is First PREMIER Bank's efficiency ratio?
57.61% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 62.19%, and lower is better.
Is First PREMIER Bank growing its loans?
Net loans shrank 0.5% over the year to Q2 2026, while deposits grew 13.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are SD banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every South Dakota bank ranked.