FDIC Certificate #: 57920 Status: Active Federal Reserve ID: 3309571 Date Established: December 08, 2004 WWW:http://www.primealliancebank.com 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
No
ID
Name
Address
Established
Service Type
Map
0
431414
Prime Alliance Bank
1868 South 500 West, Woods Cross, UT 84087
December 08, 2004
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Prime Alliance Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: