Prime Alliance Bank


Prime Alliance Bank ACH Number: 124303081

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.

Deposit Rates - April 15, 2024

SAVINGS RATES APY MIN
SAV
4.50% $0 Compare
CD RATES APY MIN
6 Mo CD
5.30% $500 Compare
12 Mo CD
5.30% $500 Compare
18 Mo CD
4.75% $500 Compare
24 Mo CD
4.50% $500 Compare
36 Mo CD
4.25% $500 Compare
48 Mo CD
4.00% $500 Compare
60 Mo CD
4.00% $500 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57920
Date Established 2004
Assets $ 740.16 million
Loans $ 567.22 million
Deposits $ 667.15 million
Capital $ 68.97 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 7.41 million
Interest-bearing balances $ 4.25 million
Total securities $ 117.72 million
Federal funds sold and reverse repurchase $ 39.74 million
Net loans and leases $ 567.22 million
Loan loss allowance $ 23.77 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 $ 671.19 million

LIABILITIES
Total deposits $ 667.15 million
      Interest-bearing deposits $ 627.29 million
      Deposits held in domestic offices $ 667.15 million
      % insured (estimated) 87.24%
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 $ 671.19 million
      Shareholders’ Equity $ 68.97 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 49.81 million
Total Interest Expense $ 22.15 million
Net interest income $ 27.67 million
Provision for loan and lease losses $ 9.48 million
Total non interest income $ 0.04 million
Total non interest expense $ 8.32 million
Pre-tax Net Operating Income $ 6.99 million

Customer Reviews for Prime Alliance Bank (4)

Rated 3.50 stars out of 5 - based on 4 reviews
  • 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?

  • 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.


Add Your Review


Rate it here →



Branches

Click on location and enter new zip number to change.
Your current location is: Ashburn, VA
View Branches Statewide →

View Branches Nationwide →

Prime Alliance Bank Locations