Altabank

Our records indicate that this bank has been acquired by Glacier Bank.


Altabank is an FDIC insured institution headquartered at 33 East Main Street, American Fork, UT 84003.
It was founded in 1913 and has approximately $4 billion in assets. Customers can open an account at one of its 31 branches.

Deposit Rates - March 28, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.20% $10,000 Compare
6 Mo CD
0.35% $100,000 Compare
12 Mo CD
0.25% $10,000 Compare
12 Mo CD
0.45% $100,000 Compare
18 Mo CD
0.30% $10,000 Compare
18 Mo CD
0.55% $100,000 Compare
24 Mo CD
0.45% $10,000 Compare
24 Mo CD
0.70% $100,000 Compare
36 Mo CD
0.55% $10,000 Compare
36 Mo CD
0.80% $100,000 Compare
48 Mo CD
0.60% $10,000 Compare
48 Mo CD
0.85% $100,000 Compare
60 Mo CD
0.65% $10,000 Compare
60 Mo CD
0.95% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.20% $25,000 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12773
Date Established 1913
Assets $ 3.54 billion
Loans $ 1,878.41 million
Deposits $ 3.28 billion
Capital $ 355.56 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 1,623.82 million
Interest-bearing balances $ 1,587.77 million
Total securities $ 6.86 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,878.41 million
Loan loss allowance $ 34.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 28.76 million
All other assets $ 76.69 million
     Total Assets $ 3.29 billion

LIABILITIES
Total deposits $ 3.28 billion
      Interest-bearing deposits $ 2.07 billion
      Deposits held in domestic offices $ 3.28 billion
      % insured (estimated) 55.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 14.13 millionn
      Total Liabilities $ 3.29 billion
      Shareholders’ Equity $ 247.87 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 80.53 million
Total Interest Expense $ 4.48 million
Net interest income $ 76.06 million
Provision for loan and lease losses N.A.
Total non interest income $ 17.64 million
Total non interest expense $ 66.47 million
Pre-tax Net Operating Income $ 32.23 million

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