Transportation Alliance Bank, Inc. d/b/a TAB Bank Articles
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4185 Harrison Blvd
Ogden, UT 84403
See all branch locations →
ACH 124684657
Transportation Alliance Bank, Inc. d/b/a TAB Bank is an FDIC insured institution located in Ogden, UT. It was founded in 1998 and has approximately $1.48 billion in assets.
FDIC Insured | Yes |
FDIC Certificate | # 34781 |
Date Established | 1998 |
Assets | $ 1,476.69 million |
Loans | $ 1,130.05 million |
Deposits | $ 1,228.14 million |
Capital | $ 149.05 million |
For a more detailed analysis of Transportation Alliance Bank, Inc. d/b/a TAB Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Your Current Location: Ohio, OH 43085
Savings and Money Market Rates | APY | MIN | MAX | |
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High Yield Savings
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5.27% | $1 | - |
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Money Market
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0.25% | $1 | - |
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CD Rates | APY | MIN | MAX | |
---|---|---|---|---|
6 Month Online CD
|
5.27% | $1,000 | - |
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|
9 Month CD
|
5.27% | $1,000 | - |
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12 Month Online CD
|
5.27% | $1,000 | - |
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18 Month Online CD
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5.00% | $1,000 | - |
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24 Month Online CD
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4.80% | $1,000 | - |
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36 Month Online CD
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4.25% | $1,000 | - |
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48 Month Online CD
|
4.05% | $1,000 | - |
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60 Month Online CD
|
4.00% | $1,000 | - |
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Int Checking Rates | APY | MIN | MAX | |
---|---|---|---|---|
INTCK
|
0.10% | $25 | - | Learn More |
Checking Rates | APY | MIN | FEE | |
---|---|---|---|---|
Free Kasasa Cash Checking | 1.00% | $0 | $0.00 | Learn More |
TAB is the latest bank to drop its savings rate.
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Transportation Alliance Bank, Inc. d/b/a TAB Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Lender | APR | Rate (%) | Monthly Payment |
Learn More |
---|---|---|---|---|
NMLS ID: 401822 |
6.944% |
6.750% 1.00 points $6,400 fees |
$2,076 | Learn More |
NMLS ID: 2059741 |
7.004% |
6.875% 0.63 points $4,192 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: 491986 |
points fees |
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Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Transportation Alliance Bank, Inc. d/b/a TAB Bank
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Transportation Alliance Bank, Inc. d/b/a TAB 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:
Columbus,Ohio
TAB has no climate action plan publicly available.
Updated April 3, 2024
TAB Bank seems to have provided lending to companies building out solar installations, but they are also a recent funder of petroleum exploration companies.
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The following ratios and data are available to help you better understand the financial condition of Transportation Alliance Bank, Inc. d/b/a TAB 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.
Transportation Alliance Bank, Inc. d/b/a TAB Bank | U.S. Bank Average |
---|---|
12.96% | 3.96% |
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 December 31, 2024, Transportation Alliance Bank, Inc. d/b/a TAB Bank had $17,071,000 in non-current loans and $6,300,000 in owned real estate. To cover these potential losses it had $149,052,000 in equity and $31,247,000 in loans loss reserves. That gives it a Texas Ratio of 12.96%.
Transportation Alliance Bank, Inc. d/b/a TAB Bank | U.S. Bank Average |
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11.45% | 12.20% |
Transportation Alliance Bank, Inc. d/b/a TAB Bank has a Return on Equity of 11.45% versus the BestCashCow average of 12.20%. 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.
Transportation Alliance Bank, Inc. d/b/a TAB Bank | U.S. Bank Average |
---|---|
10.09% | 10.76% |
Transportation Alliance Bank, Inc. d/b/a TAB Bank has a Capitalization of 10.09% versus the BestCashCow average of 10.76. 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.
As of December 31, 2023, Transportation Alliance Bank, Inc. d/b/a TAB Bank had assets of $1,476,691,000, loans of $1,130,054,000, and deposits of $1,228,139,000. 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.
ASSETS | |
---|---|
Cash & Balances due from depository institutions | $ 135.31 million |
Interest-bearing balances | $ 108.05 million |
Total securities | $ 107.06 million |
Federal funds sold and reverse repurchase | $ 8.23 million |
Net loans and leases | $ 1,130.05 million |
Loan loss allowance | $ 31.25 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 6.30 million |
Goodwill and other intangibles | $ 1.53 million |
All other assets | $ 53.31 million |
Total Assets | $ 1,327.64 million |
LIABILITIES | |
---|---|
Total deposits | $ 1,228.14 million |
Interest-bearing deposits | $ 1,222.71 million |
Deposits held in domestic offices | $ 1,228.14 million |
% insured (estimated) | 81.11% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 67.65 million |
Subordinated debt | N.A. |
All other liabilities | $ 18.42 million |
Total Liabilities | $ 1,327.64 million |
Shareholders’ Equity | $ 149.05 million |
INCOME AND EXPENSES | |
---|---|
Total Interest Income | $ 143.67 million |
Total Interest Expense | $ 34.32 million |
Net interest income | $ 109.35 million |
Provision for loan and lease losses | $ 31.03 million |
Total non interest income | $ 18.00 million |
Total non interest expense | $ 75.32 million |
Pre-tax Net Operating Income | $ 17.15 million |
The top three loan types in Transportation Alliance Bank, Inc. d/b/a TAB Bank’s loan portfolio are Commercial and Industrial Loans, Small Business Loans, and Commercial Real Estate.
Compared to other banks in Utah, Transportation Alliance Bank, Inc. d/b/a TAB Bank has a significantly higher percent of Commercial and Industrial 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 | 0.01 | ✓ | ||
Multifamily Mortgages |
2.86 | ✓ | ||
Credit Card Loans | 1.44 | ✓ | ||
Consumer Auto Loans | 0.00 | ✓ | ||
Small Business Loans | 9.40 | ✓ | ||
Construction and Development Loans | 1.90 | ✓ | ||
Commercial Real Estate | 3.83 | ✓ | ||
Commercial and Industrial Loans | 65.14 | ✓ | ||
Farm Loans | 0.00 | ✓ |
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Customer Reviews for Transportation Alliance Bank, Inc. d/b/a TAB Bank
Yat 1965
March 19, 2022
Problem with ties to puppy mills. I closed a cct. https://www.americanbanker.com/news/tab-bank-dragged-into-seedy-world-of-puppy-mill-loans-by-fintech-partner
Is this review helpful? Yes:4 / No: 0
Joy
February 28, 2021 |
ACH transfers limited to $3,000, unsecured website, emailing acct numbers, hours to reach customer service. Need not say more.
Is this review helpful? Yes:8 / No: 0
RickS
January 23, 2021 |
Not worth the hassle.
Is this review helpful? Yes:6 / No: 0
VP Michael Penis
October 24, 2020 |
Avoid any bank that lowers its savings rate from 0.90% to 0.65% without any notice to customers. just avoid it.
Is this review helpful? Yes:7 / No: 0
Ted Doolittle
October 17, 2020 |
I opened an account here online two weeks ago. I funded with $50,000 from WFC, easy, no issues. Then I set it up to increase funding and each entry was rejected. Only after opening I learn the bank has a $3,000 external funding limit. I tried to reach someone by phone to ask about this and was placed on hold for over 30 minutes at which point I hanged up. From reading some of the other reviews on this site, I see that I might be able to overcome this rule by funding from source account at WFC, but I will still need to check with them and that will involve another 30 minutes of wasted time. I would not have bothered with this account had I been aware of these limitations. Also, I am now regretting working with a bank in Utah as it is the only damn State in the Union still backing the orange narcissist.
Is this review helpful? Yes:7 / No: 0
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