Prime Alliance Bank

Headquarters

1868 South 500 West
Woods Cross, UT 84087
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.75% 0.95% →
1-Year CD 0.45% 1.01% →
2-Year CD 0.60% 0.95% →
5-Year CD 0.75% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Prime Alliance Bank is an FDIC insured institution located in Woods Cross, UT. It was founded in 2004 and has approximately $0.53 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57920
Date Established 2004
Assets $ 529.84 million
Loans $ 442.25 million
Deposits $ 472.95 million
Capital $ 55.11 million
 

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

Deposit Rates - October 27, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Personal Savings Account
0.75% $10,000 - Learn More
CD Rates APY MIN MAX
12 Month Online CD
0.45% $500 - Learn More
18 Month Online CD
0.55% $500 - Learn More
24 Month Online CD
0.60% $0 - Learn More
36 Month Online CD
0.65% $500 - Learn More
48 Month Online CD
0.70% $500 - Learn More
60 Month Online CD
0.75% $500 - Learn More


Loan Rates - October 27, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Prime Alliance Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.728% 2.625% 0.88 $3,385 $1,005 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Prime Alliance Bank
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Branches

Prime Alliance 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:
Seattle,Washington


Prime Alliance Bank Locations


Financial Details

Prime Alliance Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Prime Alliance 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
Prime Alliance Bank U.S. Bank Average
16.41% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2020, Prime Alliance Bank had $9,823,000 in non-current loans and $1,222,000 in owned real estate. To cover these potential losses it had $55,112,000 in equity and $12,214,000 in loans loss reserves. That gives it a Texas Ratio of 16.41%.

Return on Equity
Prime Alliance Bank U.S. Bank Average
8.72% 7.80%

Prime Alliance Bank has a Return on Equity of 8.72% versus the BestCashCow average of 7.80%. 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
Prime Alliance Bank U.S. Bank Average
10.4% 12.68%

Prime Alliance Bank has a Capitalization of 10.4% versus the BestCashCow average of 12.68. 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.

Prime Alliance Bank Balance Sheet Analysis

As of March 31, 2020, Prime Alliance Bank had assets of $529,839,000, loans of $442,246,000, and deposits of $472,953,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 6.85 million
Interest-bearing balances $ 3.65 million
Total securities $ 49.81 million
Federal funds sold and reverse repurchase $ 24.54 million
Net loans and leases $ 442.25 million
Loan loss allowance $ 12.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.22 million
Goodwill and other intangibles N.A.
All other assets $ 5.03 million
     Total Assets $ 474.73 million
LIABILITIES
Total deposits $ 472.95 million
      Interest-bearing deposits $ 452.03 million
      Deposits held in domestic offices $ 472.95 million
      % insured (estimated) 69.63%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.77 million
      Total Liabilities $ 474.73 million
      Shareholders’ Equity $ 55.11 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 8.50 million
Total Interest Expense $ 2.73 million
Net interest income $ 5.77 million
Provision for loan and lease losses $ 3.24 million
Total non interest income $ 0.02 million
Total non interest expense $ 1.36 million
Pre-tax Net Operating Income $ 1.19 million

Bank Loan Profile?

The top three loan types in Prime Alliance Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Prime Alliance Bank’s loan portfolio does not show any specific loan specialty.

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 0.49
Multifamily
Mortgages
0.81
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.72
Construction and Development Loans 1.10
Commercial Real Estate 12.33
Commercial and Industrial Loans 43.41
Farm Loans 0.00

Frequently Asked Questions About Prime Alliance Bank

Branches and Savings

Is Prime Alliance Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57920.

Why does Prime Alliance Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Prime Alliance Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Prime Alliance Bank a commercial bank?

Yes

Where are Prime Alliance Bank locations?

See branch locations nearby.

Is Prime Alliance Bank open on Saturdays?

Is Prime Alliance Bank open on Sundays?

What time does Prime Alliance Bank open?

What time does Prime Alliance Bank close?

Are Prime Alliance Bank ATMs Open 24/7?

Do Prime Alliance Bank ATMs accept cash deposits?

Can Prime Alliance Bank customers use other ATMs?

Do Prime Alliance Bank branches have notaries?

Will Prime Alliance Bank notarize my document?

What address for Prime Alliance Bank should I put for incoming ACH transfers?

Will the Prime Alliance Bank branch print checks?

Do Prime Alliance Bank checks expire?

Does Prime Alliance Bank require US citizenship to open account?

Can Prime Alliance Bank close my account?

Does Prime Alliance Bank Report to credit bureaus?

Does Prime Alliance Bank Use Equifax?

What is Prime Alliance Bank's ACH Routing Number?

What is Prime Alliance Bank's SWIFT code?

Products

Does Prime Alliance Bank offer mortgages?

Compare mortgage rates here.

Does Prime Alliance Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Prime Alliance Bank offer personal loans?

Compare personal loan rates here.

Does Prime Alliance Bank offer student loans?

Will Prime Alliance Bank cash a check?

Will Prime Alliance Bank redeem a savings bond?

Does Prime Alliance Bank cash savings bonds?

Will Prime Alliance Bank cash money orders?

Can Prime Alliance Bank issue a money order?

Does Prime Alliance Bank do currency exchange?

Background on The Bank

Who owns Prime Alliance Bank?

How long has Prime Alliance Bank been around?

Can Prime Alliance Bank transfer to other banks?

Does Prime Alliance Bank have quick pay?

Does Prime Alliance Bank accept rolled coins?

Will Prime Alliance Bank accept loose change?

Where is Prime Alliance Bank headquarters?

Customer Reviews for Prime Alliance Bank


  • April 17, 2020 |

    Online Savings Rates

    I have had a CD and passbook for a year or so and have had decent enough service and return. Can't complain.

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