Ally Bank

200 West Civic Centre Drive
Sandy, UT 84070

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Ally Bank

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57803
Date Established 2004
Assets $143.05 billion
Loans $108.52 billion
Deposits $98.64 billion
Capital $16.16 billion

Ally Bank is an FDIC insured institution located in Sandy, UT. It was founded in 2004 and has approximately $143.05 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.56
Credit Card Loans 0.00
Consumer Auto Loans 43.35
Small Business Loans 0.06
Construction and Development Loans 0.25
Commercial Real Estate 3.50
Commercial and Industrial Loans 39.68
Farm Loans 0.00

Deposit Rates - July 19, 2018

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
1.50% $25,000 - Learn MoreShow Less
6 Month CD
1.00% $25,000 - Learn MoreShow Less
9 Month CD
2.10% $25,000 - Learn MoreShow Less
11 Month CD
1.85% $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 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.

Loan Rates - July 19, 2018

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 2018

Lender APR Rate (%) Points Fees Monthly
Learn More NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

Note to Ally Bank
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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 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
3.1% 7.92%

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 March 31, 2018, Ally Bank had $521,000,000 in non-current loans and $10,000,000 in owned real estate. To cover these potential losses it had $16,163,000,000 in equity and $944,000,000 in loans loss reserves. That gives it a Texas Ratio of 3.1%.

Return on Equity
Ally Bank U.S. Bank Average
9.73% 9.35%

Ally Bank has a Return on Equity of 9.73% versus the BestCashCow average of 9.35%. 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.

Ally Bank U.S. Bank Average
11.3% 12.01%

Ally Bank has a Capitalization of 11.3% versus the BestCashCow average of 12.01. 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 March 31, 2018, Ally Bank had assets of $143,049,000,000, loans of $108,517,000,000, and deposits of $98,636,000,000. 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

Cash & Balances due from depository institutions $3.24 billion
Interest-bearing balances $2.86 billion
Total securities $19.63 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $108.52 billion
Loan loss allowance $0.94 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 $11.33 billion
     Total Assets $126.89 billion
Total deposits $98.64 billion
      Interest-bearing deposits $98.42 billion
      Deposits held in domestic offices $98.64 billion
      % insured (estimated) 90.34%
Federal funds purchased and repurchase agreements $0.28 billion
Trading liabilities $0.00 billion
Other borrowed funds $25.61 billion
Subordinated debt $0.00 billion
All other liabilities $2.36 billion
      Total Liabilities $126.89 billion
      Shareholders’ Equity $16.16 billion

Summary Income Statement

Total Interest Income $1.49 billion
Total Interest Expense $0.46 billion
Net interest income $1.03 billion
Provision for loan and lease losses $0.26 billion
Total non interest income $0.53 billion
Total non interest expense $0.78 billion
Pre-tax Net Operating Income $0.52 billion

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