Prime Alliance Bank

1868 South 500 West
Woods Cross, UT 84087

Notable Rates APY Vs.Others
Savings 1.96% 2.10% →
1-Year CD 1.25% 2.02% →
2-Year CD 1.45% 2.02% →
5-Year CD 1.75% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

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 $0.48 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57920
Date Established 2004
Assets $0.48 billion
Loans $0.40 billion
Deposits $0.42 billion
Capital $0.05 billion

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 - March 28, 2020

Loan Rates - March 28, 2020

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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 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
7.75% 6.70%

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 September 30, 2019, Prime Alliance Bank had $4,601,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $51,096,000 in equity and $8,280,000 in loans loss reserves. That gives it a Texas Ratio of 7.75%.

Return on Equity
Prime Alliance Bank U.S. Bank Average
23.73% 9.72%

Prime Alliance Bank has a Return on Equity of 23.73% versus the BestCashCow average of 9.72%. 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.

Prime Alliance Bank U.S. Bank Average
10.71% 12.89%

Prime Alliance Bank has a Capitalization of 10.71% versus the BestCashCow average of 12.89. 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 September 30, 2019, Prime Alliance Bank had assets of $477,280,000, loans of $403,299,000, and deposits of $424,512,000. 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, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.40 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.43 billion
Total deposits $0.42 billion
      Interest-bearing deposits $0.41 billion
      Deposits held in domestic offices $0.42 billion
      % insured (estimated) 70.73%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.43 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.02 billion
Total Interest Expense $0.01 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.01 billion

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.56
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.83
Construction and Development Loans 0.02
Commercial Real Estate 15.47
Commercial and Industrial Loans 41.50
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?

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Background on The Bank

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