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.
Get a HELOC from PenFed to Put Your Home Equity to Work
HELOCs Can Offer Lower Rates Than Credit Cards or Personal Loans
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
97% of borrowers would recommend to friends or family
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
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
$ 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
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: Columbus, OH
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.