Ally Bank

200 West Civic Centre Drive
Sandy, UT 84070

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Ally Bank
 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57803
Date Established 2004
Assets $151.08 billion
Loans $114.48 billion
Deposits $102.74 billion
Capital $16.06 billion

Ally Bank is an FDIC insured institution located in Sandy, UT. It was founded in 2004 and has approximately $151.08 billion in assets.

For a more detailed analysis of Ally Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Ally Bank’s loan portfolio are Consumer Auto Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Utah, Ally Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.45
Multifamily
Mortgages
0.03
Credit Card Loans 0.00
Consumer Auto Loans 45.24
Small Business Loans 0.06
Construction and Development Loans 0.18
Commercial Real Estate 3.54
Commercial and Industrial Loans 36.89
Farm Loans 0.00

Deposit Rates - January 21, 2019

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of Ally Bank

Online Savings Rates APY MIN MAX

Online Only CD Rates of Ally Bank

Online CD Rates APY MIN MAX
3 Month CD
0.75% $25,000 - Learn MoreShow Less
6 Month CD
1.00% $25,000 - Learn MoreShow Less
9 Month CD
1.25% $25,000 - Learn MoreShow Less
11 Month CD
2.30% $25,000 - Learn MoreShow Less
1 Year CD
2.75% $25,000 - Learn MoreShow Less
18 Month CD
2.70% $25,000 - Learn MoreShow Less
2 Year "Raise Your Rate" CD
2.60% $0 - Learn MoreShow Less
3 Year CD
2.75% $25,000 - Learn MoreShow Less
4 Year "Raise Your Rate" CD
2.60% $0 - Learn MoreShow Less
5 year CD
3.10% $25,000 - Learn MoreShow Less
There are currently no rates available for Ally Bank, but see these great savings and CD rates:

Advertiser Disclosure
Checking Rates APY MIN FEE
Interest Checking Account 0.75% $0 $0.00 Learn MoreShow Less

Bank Offers

Ally Raises No Penalty CD Rate to 2.30% on deposits over $25,000
Dec 20, 2018

Ally's 13-Month No Penalty CD rate on deposits over $25,000 is now 2.30%.  The No Penalty CD may be opened online, and closed online at any point after one week without penalty.   Ally usually offers this product at a premium and often raises this rate faster than its raises its savings rate (see our discussion on No Penalty CDs here).


Ally increases its online savings rate from 2.00% to 2.20%
Jan 17, 2019

Those with over $25,000 at Ally may find its 11-Month No Penalty CD to be more attractive and that rate remains at 2.30%.


Bank Online Offers

Ally Bank raises its online savings rate
Jun 29, 2018

Ally Bank has raised its online savings rate to 1.75%.   The complete list of the best savings and money market rates is here.  Ally Bank has also raised some of its CD offerings, including its 2-year and 4-year "Raise Your Rate" CDs to 2.50% on balances over $25,000.   Ally's new rate on its 11-month no penalty CD is now 1.85% on balances over $25,000.  All of Ally's rates are listed here.


Ally Raises Savings and 11-Month No Penalty CD rates
Aug 3, 2018

Ally Bank raised its savings rate this morning to 1.80% on all balances.   Ally also raised its 11-Month No Penalty CD rate to 2.00% on balances over $25,000.   You can find a complete list of rates and offerings from Ally here or compare all online savings rates here.


Ally Raises Online Savings Rate to 1.90%
Oct 5, 2018

Ally Bank has raised its online savings rate to 1.90% on all balances.   Those with more than $25,000 to deposit will find Ally's 11-Month No Penalty CD at 2.10% to be more compelling.    


Loan Rates - January 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Ally Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.287% 4.250% 0.00 $1,212 $1,230 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.274% 4.250% 0.25 $722 $1,230 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Ally Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Ally Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Ally Bank Locations

Financial Details

Ally Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ally Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Ally Bank U.S. Bank Average
3.74% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2018, Ally Bank had $628,000,000 in non-current loans and $11,000,000 in owned real estate. To cover these potential losses it had $16,057,000,000 in equity and $1,015,000,000 in loans loss reserves. That gives it a Texas Ratio of 3.74%.

Return on Equity
Ally Bank U.S. Bank Average
12.03% 9.95%

Ally Bank has a Return on Equity of 12.03% versus the BestCashCow average of 9.95%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Ally Bank U.S. Bank Average
10.63% 12.19%

Ally Bank has a Capitalization of 10.63% versus the BestCashCow average of 12.19. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Ally Bank Balance Sheet Analysis

As of September 30, 2018, Ally Bank had assets of $151,077,000,000, loans of $114,484,000,000, and deposits of $102,744,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $3.26 billion
Interest-bearing balances $2.85 billion
Total securities $21.11 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $114.48 billion
Loan loss allowance $1.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $11.82 billion
     Total Assets $135.02 billion
LIABILITIES
Total deposits $102.74 billion
      Interest-bearing deposits $102.47 billion
      Deposits held in domestic offices $102.74 billion
      % insured (estimated) 91.31%
Federal funds purchased and repurchase agreements $0.41 billion
Trading liabilities $0.00 billion
Other borrowed funds $28.73 billion
Subordinated debt $0.00 billion
All other liabilities $3.14 billion
      Total Liabilities $135.02 billion
      Shareholders’ Equity $16.06 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $4.93 billion
Total Interest Expense $1.64 billion
Net interest income $3.29 billion
Provision for loan and lease losses $0.61 billion
Total non interest income $1.57 billion
Total non interest expense $2.32 billion
Pre-tax Net Operating Income $1.93 billion

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*All images, logos and public notes on this page appear courtesy of Ally Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.