Transportation Alliance Bank, Inc. d/b/a TAB Bank
Analysis
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Edited by General
Transportation Alliance Bank is mainly a bank servicing the industrial transportation industry. At a certain point, it expanded to creating services for truckers through the TAB Bank website which it has now expanded to the general public.
Advantages
- TAB offers some high yielding deposit accounts with low mininum deposits. Its CD rates are particularly competitive.
- The bank's mobile app is strong.
Disadvantages
- TAB's shortest CD term is 1-year.
Financial Details
Transportation Alliance Bank, Inc. d/b/a TAB Bank Ratio Analysis
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.
Texas Ratio
| Transportation Alliance Bank, Inc. d/b/a TAB Bank | U.S. Bank Average |
|---|---|
| 15.38% | 4.29% |
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, 2024, Transportation Alliance Bank, Inc. d/b/a TAB Bank had $21,134,000 in non-current loans and $6,300,000 in owned real estate. To cover these potential losses it had $148,893,000 in equity and $29,529,000 in loans loss reserves. That gives it a Texas Ratio of 15.38%.
Return on Equity
| Transportation Alliance Bank, Inc. d/b/a TAB Bank | U.S. Bank Average |
|---|---|
| 0.01% | 10.46% |
Transportation Alliance Bank, Inc. d/b/a TAB Bank has a Return on Equity of 0.01% versus the BestCashCow average of 10.46%. 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
| Transportation Alliance Bank, Inc. d/b/a TAB Bank | U.S. Bank Average |
|---|---|
| 9.85% | 10.73% |
Transportation Alliance Bank, Inc. d/b/a TAB Bank has a Capitalization of 9.85% versus the BestCashCow average of 10.73. 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.
Transportation Alliance Bank, Inc. d/b/a TAB Bank Balance Sheet Analysis
As of March 31, 2024, Transportation Alliance Bank, Inc. d/b/a TAB Bank had assets of $1,511,761,000, loans of $1,166,469,000, and deposits of $1,264,038,000. 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, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 126.54 million |
| Interest-bearing balances | $ 116.62 million |
| Total securities | $ 114.56 million |
| Federal funds sold and reverse repurchase | $ 8.02 million |
| Net loans and leases | $ 1,166.47 million |
| Loan loss allowance | $ 29.53 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 6.30 million |
| Goodwill and other intangibles | $ 1.11 million |
| All other assets | $ 53.31 million |
| Total Assets | $ 1,362.87 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,264.04 million |
| Interest-bearing deposits | $ 1,259.64 million |
| Deposits held in domestic offices | $ 1,264.04 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 | $ 1,362.87 million |
| Shareholders’ Equity | $ 148.89 million |
Summary Income Statement
March 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 39.17 million |
| Total Interest Expense | $ 13.11 million |
| Net interest income | $ 26.06 million |
| Provision for loan and lease losses | $ 10.41 million |
| Total non interest income | $ 3.59 million |
| Total non interest expense | $ 19.32 million |
| Pre-tax Net Operating Income | $ 17.15 million |
Bank Loan Profile?
The top three loan types in Transportation Alliance Bank, Inc. d/b/a TAB Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.
Compared to other banks in Utah, Transportation Alliance Bank, Inc. d/b/a TAB Bank has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Credit Card Loans, Construction and Development Loans, Commercial Real Estate, 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 |
2.77 | ✓ | ||
| Credit Card Loans | 1.39 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 1.84 | ✓ | ||
| Commercial Real Estate | 3.71 | ✓ | ||
| Commercial and Industrial Loans | 63.11 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Best Rate
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
Climate Strategy
TAB Bank seems to have provided lending to companies building out solar installations, but they are also a recent funder of petroleum exploration companies.
Transportation Alliance Bank, Inc. d/b/a TAB Bank Reviews
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
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