Happen Bank
Happen Bank reported total assets of $12.5 bn at Q2 2026, up 17.0% on a year earlier, the 142nd largest of 497 banks in our US coverage. The CET1 capital ratio at Happen Bank was 15.57%, and the uninsured share of Happen Bank was 11.97%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Happen Bank climbed from 367th to 102nd among 500 US banks between and (1 = highest; FDIC Call Reports).
- Happen Bank has one of the highest net charge-offs to average loans readings among banks of $10 bn to $100 bn: 2.15% at , against a median of 0.14% across 126 banks (FDIC Call Reports).
- At 6.30%, the net interest margin of Happen Bank sits in the top tenth of its size group ($10 bn to $100 bn, 126 banks), where the median is 3.62% (FDIC Call Reports).
What sets Happen Bank apart
- Few banks of $10 bn to $100 bn report a higher efficiency ratio than Happen Bank, at 74.08% in against a group median of 55.14%.
- Happen Bank reports one of the lowest loan-to-deposit ratio readings among banks of $10 bn to $100 bn: 63.12% at , where the median of the 126 banks is 85.69%.
How large is Happen Bank?
The balance sheet of Happen Bank at : assets $12.5 bn, deposits $10.9 bn, net loans $6.9 bn (loans equal to 63.12% of deposits). Securities make up 32.4% of total assets at Happen Bank. Since , when Happen Bank held $790.1 mn, its assets grew 1,479.2%. In the year to , deposits at Happen Bank rose 17.2% while its total assets rose 17.0%. At , Happen Bank employed 1,093 full-time equivalent staff across 3 offices, about $11.4 mn of assets per employee and $3.6 bn of deposits per office.
How much funding at Happen Bank is uninsured?
At Happen Bank, uninsured deposits (above the FDIC limit) made up 11.97% of domestic deposits at (-1.53 pp on a year earlier); Happen Bank ranks 461st of 500 on this measure. In dollars, Happen Bank estimated $1.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $10.9 bn | +17.2% | 136th of 499 |
| Net loans and leases | $6.9 bn | +18.7% | 163rd of 500 |
| Loan-to-deposit ratio | 63.12% | +0.78 pp | 448th of 500 |
| Tier 1 leverage ratio | 10.98% | +0.15 pp | 174th of 500 |
| Total risk-based capital ratio | 16.83% | +0.06 pp | 94th of 448 |
| Net interest margin | 6.30% | +0.17 pp | 18th of 500 |
| Return on assets (ROA) | 1.82% | +0.88 pp | 73rd of 500 |
| Efficiency ratio | 74.08% | +10.73 pp | 458th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $56.3 mn | Widened by $17.6 mn | |
| Noncurrent loans to total loans | 0.82% | -0.16 pp | 318th of 500 (1 = lowest) |
| Net charge-offs to average loans | 2.15% | -0.61 pp | 486th of 500 (1 = lowest) |
US rank of Happen Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Happen Bank: assets, deposits and loans
- Total assets $12.5bn
- Deposits $10.9bn
- Net loans $6.9bn
Capital and securities
The CET1 ratio of Happen Bank stood at 15.57% in , +0.08 pp year on year. Low and high at Happen Bank since : 10.68% () to 20.95% (). Equity capital of Happen Bank at : $1.4 bn, or 11.5% of total assets. Happen Bank also reported a total capital ratio of 16.83% for , and a tier 1 leverage ratio of 10.98%.
The available-for-sale portfolio of Happen Bank showed an unrealized loss of $56.3 mn at ; the loss widened by $17.6 mn over the year.
Happen Bank: capital ratios
- Total capital 17%
- CET1 16%
- Tier 1 leverage 11%
Happen Bank: unrealized securities gains and losses
- Available for sale -$56mn
- Held to maturity $0
Profitability and loan quality
For the year to , Happen Bank earned a return on equity of 15.94%; return on assets: 1.82%. Net interest margin at Happen Bank: 6.30%, +0.17 pp in a year. Happen Bank net income: $108.8 mn, up 120.0% year on year. The efficiency ratio of Happen Bank was 74.08%: about 74 cents cost per revenue dollar, against 60 cents at the median peer.
At , noncurrent loans were 0.82% of total loans at Happen Bank; net charge-offs: 2.15% of average loans. Gross loans and leases at Happen Bank: $7.0 bn, up 16.9% in a year.
Happen Bank: profitability
- Return on equity 16%
- Net interest margin 6.3%
- Return on assets 1.8%
Peer group of Happen Bank
The peer group of Happen Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Happen Bank (national bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Utah. Against them, Happen Bank shows CET1 ratio 15.57% against a peer median of 12.38%, return on equity 15.94% against a peer median of 10.66% and uninsured deposit share 11.97% against a peer median of 38.01%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| PlainsCapital Bank | State member bank | TX | $12.7 bn | 12.50% | 9.99% | 53.89% | |
| The Park National Bank | National bank | OH | $12.6 bn | 12.24% | 16.37% | 22.29% | |
| NBH Bank | State member bank | CO | $12.5 bn | 12.27% | 8.40% | 30.37% | |
| Happen Bank | National bank | UT | $12.5 bn | 15.57% | 15.94% | 11.97% | |
| First Commonwealth Bank | State nonmember bank | PA | $12.2 bn | 12.24% | 11.32% | 27.53% | |
| Columbia Bank | Federal savings bank | NJ | $12.2 bn | 13.19% | 5.31% | 45.65% | |
| Oriental Bank | State nonmember bank | PR | $12.0 bn | 13.22% | 16.60% | 52.02% | |
. FDIC Call Reports.
Last eight quarters
Two years at Happen Bank, to : assets +15.0%, deposits +13.9%, equity +25.3%. Staff 1,002 to 1,093.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $10.8 bn | $10.5 bn | $10.3 bn | $10.7 bn | $11.0 bn | $11.5 bn | $11.8 bn | $12.5 bn |
| Total deposits | $9.5 bn | $9.1 bn | $9.0 bn | $9.3 bn | $9.5 bn | $9.9 bn | $10.3 bn | $10.9 bn |
| Bank equity capital | $1.1 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.3 bn | $1.3 bn | $1.4 bn | $1.4 bn |
| CET1 ratio | 14.52% | 16.14% | 15.69% | 15.49% | 15.83% | 15.47% | 15.48% | 15.57% |
| Return on equity (ROE) | 4.74% | 4.38% | 4.14% | 8.41% | 10.35% | 10.81% | 15.29% | 15.94% |
| Uninsured share of domestic deposits | 12.00% | 12.63% | 13.19% | 13.51% | 12.14% | 12.07% | 12.25% | 11.97% |
| Full-time equivalent employees | 1,002 | 1,003 | 1,040 | 1,068 | 1,091 | 1,075 | 1,104 | 1,093 |
| Number of offices | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
FDIC Call Reports.
Mergers and acquisitions
Large one-quarter moves at Happen Bank
- Total assets at Happen Bank changed by +54.8% in the quarter to 2020-06-30, with no FDIC structure event in that quarter.
- Total assets at Happen Bank changed by +38.0% in the quarter to 2021-03-31, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of Happen Bank?
Happen Bank reported $12.5 bn at in its Call Report. That makes Happen Bank the 142nd largest of 497 banks in our US coverage.
Is Happen Bank the same as its holding company?
No. This page covers Happen Bank, FDIC certificate 32551; Happen, Inc., its holding company, reports separately to the Federal Reserve.
Is Happen Bank profitable?
Happen Bank reported net income of $108.8 mn for the year to ; annualized return on equity: 15.94%. So yes: Happen Bank made a profit over these months.
When is data for Happen Bank next updated?
Figures from Happen Bank for are due after .
Where can I check the figures for Happen Bank?
In the FDIC BankFind Suite record for certificate 32551, and in the Call Reports of Happen Bank (RSSD ID 264772) at the FFIEC Central Data Repository.