Transportation Alliance Bank, Inc. d/b/a TAB Bank


Transportation Alliance Bank, Inc. d/b/a TAB Bank is an FDIC insured institution headquartered at 4185 Harrison Blvd, Ogden, UT 84403.
It was founded in 1998 and has approximately $1 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - February 26, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
MM RATES APY MIN
Money Market
0.25% $1 Compare
INT CHECKING RATES APY MIN
INTCK
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34781
Date Established 1998
Assets $ 1,365.55 million
Loans $ 1,085.53 million
Deposits $ 1,106.91 million
Capital $ 145.26 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 74.50 million
Interest-bearing balances $ 63.53 million
Total securities $ 99.90 million
Federal funds sold and reverse repurchase $ 9.17 million
Net loans and leases $ 1,085.53 million
Loan loss allowance $ 26.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.23 million
All other assets $ 53.31 million
     Total Assets $ 1,220.30 million

LIABILITIES
Total deposits $ 1,106.91 million
      Interest-bearing deposits $ 1,102.57 million
      Deposits held in domestic offices $ 1,106.91 million
      % insured (estimated) 80.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 67.65 million
Subordinated debt N.A.
All other liabilities $ 18.42 millionn
      Total Liabilities $ 1,220.30 million
      Shareholders’ Equity $ 145.26 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 102.80 million
Total Interest Expense $ 22.13 million
Net interest income $ 80.67 million
Provision for loan and lease losses $ 20.20 million
Total non interest income $ 14.92 million
Total non interest expense $ 56.23 million
Pre-tax Net Operating Income $ 17.15 million

Customer Reviews for Transportation Alliance Bank, Inc. d/b/a TAB Bank (3)

Rated 1.33 stars out of 5 - based on 3 reviews
  • I got into this one and a couple of other small Utah banks last years when I saw that they were a little higher than national rates (something like 0.70% versus 0.50%). Whatever I made with this adjustment, I've lost over the last month or two as they have become uncompetitive. Nice folks at all of these places when I call, but it is time to move along now.

  • I know that there are bigger issues in this world, but this bank's ties to puppy mill funders will keep me away: https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner

  • Their website is 1990s. That should have been the warning but I didn't heed it. ACH transfers limited to $3,000 inbound and outbound, no exceptions. Customer service is disinterested and not helpful. Then, as someone else here pointed out, they email you your account number. Save yourself the aggravation and go with another bank on this list. As in, any other bank on this list.


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Branches

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Transportation Alliance Bank, Inc. d/b/a TAB 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.

  • 1
    ONLINE CD
    Bank
    -
    $50,000
    6 Month
    5.27%
    13.55x (National Avg. - 0.39%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.27%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,635 1,845
    2 52,635 2,774 1,942
    3 55,409 2,920 2,044
    4 58,329 3,074 2,152
    5 61,403 3,236 2,265
    6 64,639 3,406 2,385
    7 68,045 3,586 2,510
    8 71,631 3,775 2,642
    9 75,406 3,974 2,782
    10 79,380 4,183 2,928
    11 83,563 4,404 3,083
    12 87,967 4,636 3,245
    13 92,603 4,880 3,416
    14 97,483 5,137 3,596
    15 102,621 5,408 3,786
    16 108,029 5,693 3,985
    17 113,722 5,993 4,195
    18 119,715 6,309 4,416
    19 126,024 6,641 4,649
    20 132,665 6,991 4,894
    TOTAL $89,657 $62,760
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    6 Month
    5.35%
    13.75x (National Avg. - 0.39%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,675 1,873
    2 52,675 2,818 1,973
    3 55,493 2,969 2,078
    4 58,462 3,128 2,189
    5 61,590 3,295 2,307
    6 64,885 3,471 2,430
    7 68,356 3,657 2,560
    8 72,013 3,853 2,697
    9 75,866 4,059 2,841
    10 79,925 4,276 2,993
    11 84,201 4,505 3,153
    12 88,705 4,746 3,322
    13 93,451 5,000 3,500
    14 98,451 5,267 3,687
    15 103,718 5,549 3,884
    16 109,267 5,846 4,092
    17 115,113 6,159 4,311
    18 121,271 6,488 4,542
    19 127,759 6,835 4,785
    20 134,594 7,201 5,041
    TOTAL $91,795 $64,256
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    5.40%
    9.89x (National Avg. - 0.55%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.40%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,700 1,890
    2 52,700 2,846 1,992
    3 55,546 2,999 2,100
    4 58,545 3,161 2,213
    5 61,707 3,332 2,333
    6 65,039 3,512 2,458
    7 68,551 3,702 2,591
    8 72,253 3,902 2,731
    9 76,154 4,112 2,879
    10 80,267 4,334 3,034
    11 84,601 4,568 3,198
    12 89,170 4,815 3,371
    13 93,985 5,075 3,553
    14 99,060 5,349 3,744
    15 104,409 5,638 3,947
    16 110,047 5,943 4,160
    17 115,990 6,263 4,384
    18 122,253 6,602 4,621
    19 128,855 6,958 4,871
    20 135,813 7,334 5,134
    TOTAL $93,147 $65,203
  • 4
    LOCAL CD
    Bank
    -
    $50,000
    12 Month
    5.30%
    9.71x (National Avg. - 0.55%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319