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.
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taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57920
Date Established
2004
Assets
$ 724.99 million
Loans
$ 556.62 million
Deposits
$ 649.27 million
Capital
$ 72.03 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 7.32 million
Interest-bearing balances
$ 4.25 million
Total securities
$ 125.63 million
Federal funds sold and reverse repurchase
$ 28.08 million
Net loans and leases
$ 556.62 million
Loan loss allowance
$ 24.53 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
$ 652.96 million
LIABILITIES
Total deposits
$ 649.27 million
Interest-bearing deposits
$ 621.85 million
Deposits held in domestic offices
$ 649.27 million
% insured (estimated)
88.94%
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
$ 652.96 million
Shareholders’ Equity
$ 72.03 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 14.35 million
Total Interest Expense
$ 6.69 million
Net interest income
$ 7.66 million
Provision for loan and lease losses
$ 0.45 million
Total non interest income
$ 0.01 million
Total non interest expense
$ 1.38 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
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.
Branches
Click on location and enter new zip number to change.
Your current location is: Ashburn, VA
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.