Celtic Bank
Celtic Bank reported total assets of $5.3 bn at Q2 2026, up 25.1% from a year earlier. It uses the community bank leverage ratio framework, with a tier 1 leverage ratio of 18.04%, and an estimated 9.11% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Net loans and leases: up 10.6% on Q1 2026, to $4.5 bn
- Total deposits: up 9.6% on Q1 2026, to $3.9 bn
- Total assets: up 7.4% on Q1 2026, to $5.3 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Celtic Bank?
Its largest one-quarter change in total assets since Q1 2016 was +255.0% between Q1 2020 and Q2 2020, a quarter with no merger or acquisition in the FDIC history. Against its six size peers, its tier 1 leverage ratio stands out most: 18.04% at Q2 2026, above the peer median of 10.84%. Its tier 1 leverage ratio of 18.04% at Q2 2026 is in the highest 5% of the 500 banks reporting it (rank 13 of 500, 1 = highest). Its noncurrent loans to total loans of 3.63% at Q2 2026 is among the highest 5% of the 500 banks reporting it, a loan-quality outlier (rank 488 of 500, 1 = lowest).
How large is Celtic Bank?
At Q2 2026 the bank held $5.3 bn of assets. Deposits were $3.9 bn and net loans and leases $4.5 bn, a loan-to-deposit ratio of 115.37%. Securities of $389.0 mn made up 7.3% of assets.
Total assets rose 1,027.3% between Q1 2016 and Q2 2026, from $473.2 mn.
How much of its funding is uninsured?
An estimated 9.11% of domestic deposits were above the FDIC insurance limit at Q2 2026, +0.96 pp from the previous quarter and -0.39 pp from a year earlier. That share ranks 471st among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $5.3 bn | +25.1% | 275th of 497 |
| Total deposits | $3.9 bn | +37.0% | 292nd of 499 |
| Net loans and leases | $4.5 bn | +37.7% | 231st of 500 |
| Bank equity capital | $928.3 mn | +21.6% | 187th of 498 |
| Tier 1 leverage ratio | 18.04% | -0.81 pp | 13th of 500 |
| Return on equity (ROE) | 19.32% | -3.04 pp | 47th of 500 |
| Net interest margin | 6.05% | -0.48 pp | 24th of 500 |
| Uninsured share of domestic deposits | 9.11% | -0.39 pp | 471st of 500 |
| Unrealized gain/loss on held-to-maturity securities | Loss of $16.7 mn | Widened by $8.5 mn | |
| Noncurrent loans to total loans | 3.63% | +0.90 pp | 488th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.49% | -0.08 pp | 440th of 500 (1 = lowest) |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026.
- Total assets $5.3bn
- Deposits $3.9bn
- Net loans $4.5bn
Capital and securities
The bank uses the community bank leverage ratio framework, so it does not report risk-based capital ratios. Its tier 1 leverage ratio was 18.04% at Q2 2026, -0.81 pp from a year earlier. The median tier 1 leverage ratio of the size peers listed below was 10.84% at Q2 2026.
Held-to-maturity securities had an unrealized loss of $16.7 mn at Q2 2026, measured as fair value minus amortized cost, equal to 1.8% of bank equity capital. The loss widened by $8.5 mn from a year earlier. The largest unrealized loss on these securities was $22.5 mn at Q3 2023.
Capital ratios
- Total capital 22%
- CET1 21%
- Tier 1 leverage 18%
Unrealized gains and losses on securities
- Available for sale $0
- Held to maturity -$17mn
Profitability and loan quality
Return on equity was 19.32% for the year to Q2 2026, annualized, with a return on assets of 3.41% and a net interest margin of 6.05%. The margin was -0.48 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 33.21%. Net income for the year to Q2 2026 was $85.8 mn, up 5.7% on the same period a year earlier. The median return on equity of its size peers was 16.36% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 3.63% of total loans at Q2 2026. Net charge-offs for the year to date were 0.49% of average loans, annualized.
Profitability
- Return on equity 19%
- Net interest margin 6.0%
- Return on assets 3.4%
Compared with banks of similar size
The six banks ranked closest to Celtic Bank by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, Celtic Bank is 4th by total assets. Its tier 1 leverage ratio of 18.04% compares with a peer median of 10.84%, its return on equity of 19.32% compares with a peer median of 16.36%, and its uninsured share of deposits of 9.11% compares with a peer median of 36.42%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Bridgewater Bank | $5.4 bn | 12.73% | 11.37% | 26.16% | |
| Five Star Bank | $5.4 bn | 11.11% | 15.97% | 59.15% | |
| Morton Community Bank | $5.3 bn | 13.59% | 16.74% | 26.93% | |
| Celtic Bank | $5.3 bn | not reported | 19.32% | 9.11% | |
| InterBank | $5.3 bn | not reported | 27.32% | 41.01% | |
| Southern Bank and Trust Company | $5.3 bn | 12.68% | 17.13% | 47.66% | |
| Leader Bank | $5.3 bn | 19.80% | 7.84% | 31.82% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 12.73%, return on equity 16.36%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Celtic Bank, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 55.9% to $5.3 bn, deposits rose 62.5% to $3.9 bn and bank equity capital rose 42.1% to $928.3 mn. Over the same period its full-time equivalent staff went from 346 to 382 and its offices went from 1 to 1.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.4 bn | $3.8 bn | $4.0 bn | $4.3 bn | $4.5 bn | $4.8 bn | $5.0 bn | $5.3 bn |
| Total deposits | $2.4 bn | $2.7 bn | $2.7 bn | $2.8 bn | $3.3 bn | $3.4 bn | $3.6 bn | $3.9 bn |
| Bank equity capital | $653.4 mn | $690.3 mn | $725.7 mn | $763.5 mn | $802.5 mn | $850.5 mn | $886.6 mn | $928.3 mn |
| Return on equity (ROE) | 26.10% | 25.62% | 22.29% | 22.36% | 22.21% | 22.98% | 18.48% | 19.32% |
| Uninsured share of domestic deposits | 8.51% | 9.66% | 9.09% | 9.50% | 8.56% | 9.20% | 8.15% | 9.11% |
| Full-time equivalent employees | 346 | 366 | 366 | 361 | 361 | 367 | 375 | 382 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Large one-quarter moves
- Total assets changed by +255.0% in the quarter to 2020-06-30, with no FDIC structure event in that quarter.
- Total assets changed by -30.5% in the quarter to 2021-09-30, with no FDIC structure event in that quarter.
- Total assets changed by -28.9% in the quarter to 2021-12-31, with no FDIC structure event in that quarter.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 57056
- Federal Reserve RSSD ID
- 2998576
- Head office
- Salt Lake City, Utah
- EconoMonitor ID
- EMB-US-000394
Frequently asked questions
What were Celtic Bank's total assets?
$5.3 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 275th among 497 banks reporting this metric (1 = highest).
How often is this page updated?
Every quarter, after Celtic Bank files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 57056, and in the Call Reports filed under RSSD ID 2998576 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.