Prime Alliance Bank in Woods Cross, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Prime Alliance Bank in Woods Cross, Utah (UT)
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Prime Alliance Bank - Overview

  • General
  • FDIC Certificate #: 57920
    Status: Active
    Federal Reserve ID: 3309571
    Date Established: December 08, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 431414
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 08, 2004
    Last Structure Change Effective Date: January 20, 2010
    Last Structure Change Process Date: January 20, 2010
    Last Data Update: January 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1868 South 500 West, Woods Cross, UT 84087
    County: Davis
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160)
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Ogden-Clearfield, UT (#36260)
    CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
  • Financial Summary
  • Total assets: $100.2 mil
    Equity capital: $15.0 mil
    Deposits held in domestic offices: $82.8 mil
    Return on assets (ROA): 0.98% ($1.0 mil)
    Quarterly return on assets: 0.48% ($0.5 mil)
    Return on Equity (ROE): 7.25% ($1.1 mil)
    Quarterly return on equity: 3.27% ($0.5 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.98% ($982.0 mil)
    Quarterly Pretax return on assets: 0.48% ($481.0 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $100,203Total assets
  • $2,442Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,696Securities
  • $4,375Federal funds sold & reverse repurchase agreements
  • $74,189Net loans & leases
  • $2,167Loan loss allowance
  • $0Trading account assets
  • $131Bank premises and fixed assets
  • $2,551Other real estate owned
  • $0Goodwill and other intangibles
  • $100,203Life insurance assets
  • $819All other assets
  • $85,224Total liabilities and capital
  • $82,794Total liabilities
  • $77,464Total deposits
  • $82,794Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 2173.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $257Subordinated debt
  • $14,979All other liabilities
  • $14,979Total equity capital
  • $14,979Total bank equity capital
  • $0Perpetual preferred stock
  • $227Common stock
  • $27,027Surplus
  • $-12,275Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $424Income earned, not collected on loans
  • $0Earning assets
  • $522Long-term assets (5+ years)
  • $94,260Average Assets, year-to-date
  • $11,072Average Assets, quarterly
  • $102,991Volatile liabilities
  • $102,536Insider loans
  • $79,963FHLB advances
  • $102,875Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,130Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,378Restructured Loans and leases
  • $1,640Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,384Total interest income
  • $1,328Total interest expense
  • $5,056Net interest income
  • $430Provision for loan and lease losses
  • $252Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $199Additional noninterest income
  • $3,938Total noninterest expense
  • $1,803Salaries and employee benefits
  • $256Premises and equipment expense
  • $1,879Additional noninterest expense
  • $940Pre-tax net operating income
  • $65Securities gains (losses)
  • $0Applicable income taxes
  • $1,005Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,005Net income attributable to bank
  • $0Net charge-offs
  • $1,005Cash dividends
  • $1,524Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.64%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 5.26%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 7.25%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 1.94%Net charge-offs to loans
  • 28.22%Credit loss provision to net charge-offs
  • 0.90%Efficiency ratio
  • 74,190Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.84%Loss allowance to noncurrent loans
  • 511.08%Noncurrent assets plus other real estate owned to assets
  • 2.97%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 89.61%Net loans and leases to core deposits
  • 93.33%Equity capital to assets
  • 14.95%Core capital (leverage) ratio
  • 13.74%Tier 1 risk-based capital ratio
  • 17.67%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $102,991Average earning assets
  • $13,856Average equity
  • $96,092Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0431414Prime Alliance Bank1868 South 500 West, Woods Cross, UT 84087December 08, 2004Full Service Brick and Mortar

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