Prime Alliance Bank

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Deposit Rates - January 24, 2022

SAVINGS RATES APY MIN MAX
SAV
0.60% $1 - Compare
CD RATES APY MIN MAX
12 Mo CD
0.45% $500 - Compare
18 Mo CD
0.55% $500 - Compare
24 Mo CD
0.60% $500 - Compare
36 Mo CD
0.65% $500 - Compare
48 Mo CD
0.70% $500 - Compare
60 Mo CD
0.75% $500 - Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57920
Date Established 2004
Assets $ 539.07 million
Loans $ 459.64 million
Deposits $ 475.18 million
Capital $ 62.56 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 5.36 million
Interest-bearing balances $ 2.60 million
Total securities $ 59.73 million
Federal funds sold and reverse repurchase $ 8.29 million
Net loans and leases $ 459.64 million
Loan loss allowance $ 13.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 5.94 million
     Total Assets $ 476.51 million

LIABILITIES
Total deposits $ 475.18 million
      Interest-bearing deposits $ 449.94 million
      Deposits held in domestic offices $ 475.18 million
      % insured (estimated) 82.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.33 millionn
      Total Liabilities $ 476.51 million
      Shareholders’ Equity $ 62.56 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 24.98 million
Total Interest Expense $ 5.84 million
Net interest income $ 19.13 million
Provision for loan and lease losses $ 4.91 million
Total non interest income $ 0.05 million
Total non interest expense $ 4.51 million
Pre-tax Net Operating Income $ 9.77 million

Prime Alliance Bank is an FDIC insured institution headquartered at 1868 South 500 West, Woods Cross, UT 84087.
It was founded in 2004 and has approximately $1 billion in assets. Customers can open an account at one of its 1 branches.

Customer Reviews for Prime Alliance Bank (3)

Rated 4.33 stars out of 5 - based on 3 reviews
  • This bank only pays interest quarterly. I am not sure what this means, other than that I need to remember to close the account whenever I do close it on Jan 1, April 1, July 1 or Oct 1. Not sure if there are other considerations, but it is unusual and makes me uncomfortable. No other issues so far.

  • They almost made this too easy to open.

  • Easy opening and funding. Did not need to speak to anyone.


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