Bank · FDIC insured
First PREMIER Bank
A $3.6B bank, the 356th largest of 4,207, headquartered in Sioux Falls, SD, with 13 branches in South Dakota. Best rates: CDs 4.25% and savings 1.14% APY.
First PREMIER Bank Carrot Score
85
Carrot Score
Higher than 71% of U.S. banks and credit unions
#4 of 18 in Sioux Falls, SD-MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First PREMIER Bank
First PREMIER Bank is an independently owned community bank owned by T. Denny Sanford.
Offering personal, business, ag banking, mortgage, wealth management, and treasury services, the bank operates 18 locations.
- Headquarters
- 500 S Minnesota Ave, Sioux Falls, SD 57104
- FDIC certificate
- 6085 ↗
Branches
13 branches in South Dakota
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South Dakota
13 branches
Sioux Falls area · 6
- First PREMIER BankMain office500 S Minnesota Ave, Sioux Falls, SD 57104Directions
- 69th & Minnesota Branch6010 S Minnesota Ave, Sioux Falls, SD 57108Directions
- Sioux Falls - Sertoma Branch6701 W 41st St, Sioux Falls, SD 57106Directions
- South Kiwanis Branch3401 S Kiwanis Ave, Sioux Falls, SD 57105Directions
- Sycamore Branch536 N Sycamore Ave, Sioux Falls, SD 57110Directions
- West Benson Branch4001 W Benson Rd, Sioux Falls, SD 57107Directions
Watertown area · 3
- Kranzburg Branch102 Dakota Ave, Kranzburg, SD 57245Directions
- Watertown Branch24 5th St Se, Watertown, SD 57201Directions
- Watertown I29 Branch824 34th St Se, Watertown, SD 57201Directions
Castlewood area · 1
- Castlewood BranchSecond And Main, Castlewood, SD 57223Directions
Lake Norden area · 1
- Lake Norden Branch503 Main Ave, Lake Norden, SD 57248Directions
Madison area · 1
- Madison Branch202 Nw 2nd St, Madison, SD 57042Directions
Vermillion area · 1
- Wakonda Branch115 Ohio St, Wakonda, SD 57073Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 13.67% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.10% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.79% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $74 | $88 | — |
- CapitalLeverage ratio13.67%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.10%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.79%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$74Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First PREMIER Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.