First Premier Bank is a bank based in Sioux Falls, South Dakota, established in 1914, with $3.6 billion in total assets across 13 branches. By Trust Grade it ranks 23rd of 56 banks we track in South Dakota. Its capital ratio of 13.7% is stronger than 90% of similarly sized banks, versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 1.69% return on assets. No consumer complaints against First Premier Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Premier Bank compares to South Dakota peers
How we graded First Premier Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.7% capital ratio)
- Strongly profitable (ROA 1.69%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Premier Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (13)
- 3401 S Kiwanis Ave, Sioux Falls, SD 57105
- 115 Ohio St, Wakonda, SD 57073
- Second And Main, Castlewood, SD 57223
- 503 Main Ave, Lake Norden, SD 57248
- 824 34th St Se, Watertown, SD 57201
- 500 S Minnesota Ave, Sioux Falls, SD 57104
- 6701 W 41st St, Sioux Falls, SD 57106
- 6010 S Minnesota Ave, Sioux Falls, SD 57108
- 536 N Sycamore Ave, Sioux Falls, SD 57110
- 4001 W Benson Rd, Sioux Falls, SD 57107
- 24 5th St Se, Watertown, SD 57201
- 202 Nw 2nd St, Madison, SD 57042
- 102 Dakota Ave, Kranzburg, SD 57245
Are deposits at First Premier Bank insured?
Yes. First Premier Bank is an FDIC-insured bank (FDIC certificate #6085). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Premier Bank: frequently asked questions
Is First Premier Bank a good bank?
First Premier Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (13.7% capital ratio); Strongly profitable (ROA 1.69%).
Is First Premier Bank FDIC-insured?
Yes. First Premier Bank is a FDIC-insured bank (FDIC certificate #6085). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Premier Bank?
First Premier Bank holds $3.6 billion in total assets, ranking 23rd of 56 banks we track in South Dakota. It operates 13 branches.
Does First Premier Bank have CFPB complaints?
No CFPB complaints against First Premier Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
