Prime Alliance Bank is an FDIC insured institution headquartered at
1868 S 500 W, Woods Cross, UT 84010.
It was founded in
2004 and has approximately $1 billion in assets. Customers can open an account at one of its 1 branches.
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
3.90% | $0 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
4.00% | $500 | Compare |
|
12 Mo CD
|
3.85% | $500 | Compare |
|
18 Mo CD
|
3.80% | $500 | Compare |
|
24 Mo CD
|
4.00% | $500 | Compare |
|
36 Mo CD
|
4.00% | $500 | Compare |
|
48 Mo CD
|
3.90% | $500 | Compare |
|
60 Mo CD
|
3.90% | $500 | Compare |
| #1 Non-bank HELOC in the US, A+ BBB Rating | $0 |
Reliant Home Funding, Inc NMLS ID: 292473 / Updated 2025-09-22 |
Intro APR: 6.950 %
After Intro:6.950 % |
$15,000 |
Figure Home Equity NMLS ID: 1717824 / Updated 2025-09-22 |
Intro APR: 6.950 %
After Intro:6.950 % |
$15,000 |
|
Intro APR: 6.990 %
After Intro:6.990 % |
$0 |
Pentagon Federal Credit Union NMLS ID: 401822 |
0.000% |
$0
Fees & Points
$0 Total
0.000 Pts ($0) $0 Fees |
Reliant Home Funding, Inc. NMLS ID: 292473 |
5.872% |
$1,868
Fees & Points
$4,277 Total
0.713 Pts ($2,282) $1,995 Fees |
PenFed Credit Union NMLS ID: 401822 |
6.277% |
$1,945
Fees & Points
$5,200 Total
0.625 Pts ($2,000) $3,200 Fees |
Rocket Mortgage NMLS ID: 3030 |
Fees & Points
Total
Pts ($0) $0 Fees |
Quicken Loans NMLS ID: 167283 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 57920 |
| Date Established | 2004 |
| Assets | $ 972.93 million |
| Loans | $ 769.19 million |
| Deposits | $ 886.15 million |
| Capital | $ 83.73 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 9.08 million |
| Interest-bearing balances | $ 3.15 million |
| Total securities | $ 151.87 million |
| Federal funds sold and reverse repurchase | $ 33.32 million |
| Net loans and leases | $ 769.19 million |
| Loan loss allowance | $ 28.90 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 | $ 7.61 million |
| Total Assets | $ 889.20 million |
| LIABILITIES | |
| Total deposits | $ 886.15 million |
| Interest-bearing deposits | $ 847.68 million |
| Deposits held in domestic offices | $ 886.15 million |
| % insured (estimated)" | 87.45% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 1.52 millionn |
| Total Liabilities | $ 889.20 million |
| Shareholders’ Equity | $ 83.73 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 36.32 million |
| Total Interest Expense | $ 16.49 million |
| Net interest income | $ 19.82 million |
| Provision for loan and lease losses | $ 6.56 million |
| Total non interest income | $ 0.02 million |
| Total non interest expense | $ 4.23 million |
| Pre-tax Net Operating Income | $ 6.99 million |
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This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 3.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,950 | 1,365 |
| 2 | 51,950 | 2,026 | 1,418 |
| 3 | 53,976 | 2,105 | 1,474 |
| 4 | 56,081 | 2,187 | 1,531 |
| 5 | 58,268 | 2,272 | 1,591 |
| 6 | 60,541 | 2,361 | 1,653 |
| 7 | 62,902 | 2,453 | 1,717 |
| 8 | 65,355 | 2,549 | 1,784 |
| 9 | 67,904 | 2,648 | 1,854 |
| 10 | 70,552 | 2,752 | 1,926 |
| 11 | 73,304 | 2,859 | 2,001 |
| 12 | 76,162 | 2,970 | 2,079 |
| 13 | 79,133 | 3,086 | 2,160 |
| 14 | 82,219 | 3,207 | 2,245 |
| 15 | 85,426 | 3,332 | 2,332 |
| 16 | 88,757 | 3,462 | 2,423 |
| 17 | 92,219 | 3,597 | 2,518 |
| 18 | 95,815 | 3,737 | 2,616 |
| 19 | 99,552 | 3,883 | 2,718 |
| 20 | 103,434 | 4,034 | 2,824 |
| TOTAL | $57,468 | $40,228 |
| Year | Rate 4.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,000 | 1,400 |
| 2 | 52,000 | 2,080 | 1,456 |
| 3 | 54,080 | 2,163 | 1,514 |
| 4 | 56,243 | 2,250 | 1,575 |
| 5 | 58,493 | 2,340 | 1,638 |
| 6 | 60,833 | 2,433 | 1,703 |
| 7 | 63,266 | 2,531 | 1,771 |
| 8 | 65,797 | 2,632 | 1,842 |
| 9 | 68,428 | 2,737 | 1,916 |
| 10 | 71,166 | 2,847 | 1,993 |
| 11 | 74,012 | 2,960 | 2,072 |
| 12 | 76,973 | 3,079 | 2,155 |
| 13 | 80,052 | 3,202 | 2,241 |
| 14 | 83,254 | 3,330 | 2,331 |
| 15 | 86,584 | 3,463 | 2,424 |
| 16 | 90,047 | 3,602 | 2,521 |
| 17 | 93,649 | 3,746 | 2,622 |
| 18 | 97,395 | 3,896 | 2,727 |
| 19 | 101,291 | 4,052 | 2,836 |
| 20 | 105,342 | 4,214 | 2,950 |
| TOTAL | $59,556 | $41,689 |
howdoyoudo
July 18, 2022 |
And how is this an online bank if they are inundating me with invitations to a customer appreciation free movie showing in some remote location in Utah?
Joe L 23
October 30, 2021 |
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.
turlow1978
October 16, 2021 |
They almost made this too easy to open.
JLawrence1
October 13, 2021 |
Easy opening and funding. Did not need to speak to anyone.