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 - March 19, 2024
SAVINGS RATES | APY | MIN | |
---|---|---|---|
SAV
|
4.50% | $0 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
6 Mo CD
|
4.95% | $500 | Compare |
12 Mo CD
|
4.95% | $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 |
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Overview 2024
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 57920 |
Date Established | 2004 |
Assets | $ 724.92 million |
Loans | $ 582.07 million |
Deposits | $ 659.49 million |
Capital | $ 62.01 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 7.30 million |
Interest-bearing balances | $ 4.25 million |
Total securities | $ 105.98 million |
Federal funds sold and reverse repurchase | $ 21.91 million |
Net loans and leases | $ 582.07 million |
Loan loss allowance | $ 26.26 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 | $ 662.91 million |
LIABILITIES | |
Total deposits | $ 659.49 million |
Interest-bearing deposits | $ 625.14 million |
Deposits held in domestic offices | $ 659.49 million |
% insured (estimated) | 87.95% |
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 | $ 662.91 million |
Shareholders’ Equity | $ 62.01 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 35.50 million |
Total Interest Expense | $ 15.45 million |
Net interest income | $ 20.05 million |
Provision for loan and lease losses | $ 8.51 million |
Total non interest income | $ 0.03 million |
Total non interest expense | $ 6.04 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
Branches
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Prime Alliance Bank Locations
Savings Comparison
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.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1ONLINE CDBank-$50,0006 Month4.95%12.50x (National Avg. - 0.40%)$500-SCENARIO
Year Rate
4.95%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,475 1,733 2 52,475 2,598 1,818 3 55,073 2,726 1,908 4 57,799 2,861 2,003 5 60,660 3,003 2,102 6 63,662 3,151 2,206 7 66,814 3,307 2,315 8 70,121 3,471 2,430 9 73,592 3,643 2,550 10 77,235 3,823 2,676 11 81,058 4,012 2,809 12 85,070 4,211 2,948 13 89,281 4,419 3,094 14 93,700 4,638 3,247 15 98,339 4,868 3,407 16 103,206 5,109 3,576 17 108,315 5,362 3,753 18 113,677 5,627 3,939 19 119,304 5,906 4,134 20 125,209 6,198 4,339 TOTAL $81,407 $56,985 - 2LOCAL CDOnline Bank-$50,0006 Month5.15%13.01x (National Avg. - 0.40%)$1,000-SCENARIO
Year Rate
5.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,575 1,803 2 52,575 2,708 1,895 3 55,283 2,847 1,993 4 58,130 2,994 2,096 5 61,123 3,148 2,203 6 64,271 3,310 2,317 7 67,581 3,480 2,436 8 71,062 3,660 2,562 9 74,721 3,848 2,694 10 78,569 4,046 2,832 11 82,616 4,255 2,978 12 86,870 4,474 3,132 13 91,344 4,704 3,293 14 96,049 4,946 3,463 15 100,995 5,201 3,641 16 106,196 5,469 3,828 17 111,665 5,751 4,026 18 117,416 6,047 4,233 19 123,463 6,358 4,451 20 129,821 6,686 4,680 TOTAL $86,507 $60,555 - 3LOCAL CDOnline Bank-$50,00012 Month5.20%9.42x (National Avg. - 0.55%)$1,000-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468
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.