Bank of Utah
Bank of Utah reported total assets of $3.8 bn at Q2 2026, up 6.7% on a year earlier, the 344th largest of 497 banks in our US coverage. The CET1 capital ratio at Bank of Utah was 16.36%, and the uninsured share of Bank of Utah was 46.42%. Source: FDIC Call Reports.
Key takeaways
- On noncurrent loans to total loans, Bank of Utah climbed from 160th to 49th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , Bank of Utah has taken over one institution; the latest was American Bank of Commerce on (FDIC Call Reports).
What sets Bank of Utah apart
How large is Bank of Utah?
The balance sheet of Bank of Utah at : assets $3.8 bn, deposits $3.0 bn, net loans $2.9 bn (loans equal to 99.24% of deposits). Securities make up 6.8% of total assets at Bank of Utah. Since , when Bank of Utah held $974.4 mn, its assets grew 288.5%. In the year to , deposits at Bank of Utah rose 5.3% while its total assets rose 6.7%. At , Bank of Utah employed 426 full-time equivalent staff across 20 offices, about $8.9 mn of assets per employee and $147.7 mn of deposits per office.
How much funding at Bank of Utah is uninsured?
At Bank of Utah, uninsured deposits (above the FDIC limit) made up 46.42% of domestic deposits at (+4.49 pp on a year earlier); Bank of Utah ranks 117th of 500 on this measure. In dollars, Bank of Utah estimated $1.4 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.0 bn | +5.3% | 362nd of 499 |
| Net loans and leases | $2.9 bn | +4.4% | 318th of 500 |
| Loan-to-deposit ratio | 99.24% | -0.87 pp | 65th of 500 |
| Tier 1 leverage ratio | 12.74% | +0.42 pp | 65th of 500 |
| Total risk-based capital ratio | 17.61% | +0.54 pp | 80th of 448 |
| Net interest margin | 3.53% | +0.28 pp | 288th of 500 |
| Return on assets (ROA) | 1.30% | +0.07 pp | 249th of 500 |
| Efficiency ratio | 61.65% | +3.03 pp | 357th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $10.7 mn | Narrowed by $2.3 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $11.1 mn | Narrowed by $2.4 mn | |
| Noncurrent loans to total loans | 0.15% | -0.21 pp | 49th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.23% | +0.23 pp | 359th of 500 (1 = lowest) |
US rank of Bank of Utah: 1 = highest unless marked 1 = lowest.
Balance sheet
Bank of Utah: assets, deposits and loans
- Total assets $3.8bn
- Deposits $3.0bn
- Net loans $2.9bn
Capital and securities
The CET1 ratio of Bank of Utah stood at 16.36% in , +0.54 pp year on year. Low and high at Bank of Utah since : 13.96% () to 19.46% (). Equity capital of Bank of Utah at : $465.5 mn, or 12.3% of total assets. Bank of Utah also reported a total capital ratio of 17.61% for , and a tier 1 leverage ratio of 12.74%.
On held-to-maturity securities, Bank of Utah carried an unrealized loss of $10.7 mn at , equal to 2.3% of equity capital. The loss narrowed by $2.3 mn over the year. Its deepest point: $20.7 mn in . The available-for-sale portfolio of Bank of Utah showed an unrealized loss of $11.1 mn at ; the loss narrowed by $2.4 mn over the year.
Bank of Utah: capital ratios
- Total capital 18%
- CET1 16%
- Tier 1 leverage 13%
Bank of Utah: unrealized securities gains and losses
- Available for sale -$11mn
- Held to maturity -$11mn
Profitability and loan quality
For the year to , Bank of Utah earned a return on equity of 10.55%; return on assets: 1.30%. Net interest margin at Bank of Utah: 3.53%, +0.28 pp in a year. Bank of Utah net income: $24.1 mn, up 12.7% year on year. The efficiency ratio of Bank of Utah was 61.65%: about 62 cents cost per revenue dollar, against 63 cents at the median peer.
At , noncurrent loans were 0.15% of total loans at Bank of Utah; net charge-offs: 0.23% of average loans. Gross loans and leases at Bank of Utah: $3.0 bn, up 4.3% in a year.
Bank of Utah: profitability
- Return on equity 11%
- Net interest margin 3.5%
- Return on assets 1.3%
Peer group of Bank of Utah
The peer group of Bank of Utah is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Bank of Utah (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Utah. Against them, Bank of Utah shows CET1 ratio 16.36% against a peer median of 11.83%, return on equity 10.55% against a peer median of 12.59% and uninsured deposit share 46.42% against a peer median of 36.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Investar Bank | National bank | LA | $3.9 bn | 13.51% | 11.66% | 34.14% | |
| Capital Bank | National bank | MD | $3.8 bn | 11.34% | 13.52% | 45.13% | |
| Independence Bank of Kentucky | State member bank | KY | $3.8 bn | not reported | 13.76% | 41.24% | |
| Bank of Utah | State nonmember bank | UT | $3.8 bn | 16.36% | 10.55% | 46.42% | |
| Bank of the Sierra | State nonmember bank | CA | $3.7 bn | not reported | 11.30% | 27.86% | |
| ENCORE BANK | State member bank | AR | $3.7 bn | 11.83% | 4.49% | 39.81% | |
| D. L. Evans Bank | State nonmember bank | ID | $3.7 bn | not reported | 14.79% | 30.15% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bank of Utah, to : assets +1.0%, deposits -2.4%, equity +16.1%. Staff 393 to 426.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.7 bn | $3.3 bn | $3.5 bn | $3.5 bn | $3.7 bn | $3.6 bn | $3.7 bn | $3.8 bn |
| Total deposits | $3.0 bn | $2.6 bn | $2.8 bn | $2.8 bn | $3.0 bn | $2.9 bn | $2.9 bn | $3.0 bn |
| Bank equity capital | $400.8 mn | $404.2 mn | $415.1 mn | $424.1 mn | $437.5 mn | $447.5 mn | $456.1 mn | $465.5 mn |
| CET1 ratio | 16.62% | 16.19% | 16.15% | 15.82% | 16.11% | 16.41% | 16.56% | 16.36% |
| Return on equity (ROE) | 10.72% | 10.71% | 10.42% | 10.31% | 11.26% | 11.17% | 10.70% | 10.55% |
| Uninsured share of domestic deposits | 43.85% | 42.25% | 42.97% | 41.93% | 45.99% | 45.58% | 44.30% | 46.42% |
| Full-time equivalent employees | 393 | 409 | 414 | 421 | 403 | 426 | 423 | 426 |
| Number of offices | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bank of Utah, oldest first; figures before and after each event are not like for like.
- . Absorbed American Bank of Commerce (FDIC certificate 34232).
Questions and identifiers
What were the total assets of Bank of Utah?
Bank of Utah reported $3.8 bn at in its Call Report. That makes Bank of Utah the 344th largest of 497 banks in our US coverage.
Is Bank of Utah the same as its holding company?
No. This page covers Bank of Utah, FDIC certificate 17159; BOU BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bank of Utah profitable?
Bank of Utah reported net income of $24.1 mn for the year to ; annualized return on equity: 10.55%. So yes: Bank of Utah made a profit over these months.
When is data for Bank of Utah next updated?
Figures from Bank of Utah for are due after .
Where can I check the figures for Bank of Utah?
In the FDIC BankFind Suite record for certificate 17159, and in the Call Reports of Bank of Utah (RSSD ID 933975) at the FFIEC Central Data Repository.