State Bank of Southern Utah
State Bank of Southern Utah reported total assets of $2.7 bn at Q2 2026, up 3.8% on a year earlier. State Bank of Southern Utah uses the community bank leverage ratio framework, with a leverage ratio of 12.04%, and the uninsured share of State Bank of Southern Utah was 29.89%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, State Bank of Southern Utah climbed from 186th to 95th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , State Bank of Southern Utah has taken over one institution; the latest was Gunnison Valley Bank on (FDIC Call Reports).
What sets State Bank of Southern Utah apart
How large is State Bank of Southern Utah?
The balance sheet of State Bank of Southern Utah at : assets $2.7 bn, deposits $2.4 bn, net loans $1.9 bn (loans equal to 79.34% of deposits). Securities make up 17.4% of total assets at State Bank of Southern Utah. Since , when State Bank of Southern Utah held $894.0 mn, its assets grew 206.3%. In the year to , deposits at State Bank of Southern Utah rose 5.9% while its total assets rose 3.8%. At , State Bank of Southern Utah employed 306 full-time equivalent staff across 17 offices, about $8.9 mn of assets per employee and $140.9 mn of deposits per office.
How much funding at State Bank of Southern Utah is uninsured?
At State Bank of Southern Utah, uninsured deposits (above the FDIC limit) made up 29.89% of domestic deposits at (+2.27 pp on a year earlier); State Bank of Southern Utah ranks 317th of 500 on this measure. In dollars, State Bank of Southern Utah estimated $716.1 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.4 bn | +5.9% | 440th of 499 |
| Net loans and leases | $1.9 bn | +4.6% | 453rd of 500 |
| Loan-to-deposit ratio | 79.34% | -0.98 pp | 354th of 500 |
| Net interest margin | 4.22% | +0.59 pp | 95th of 500 |
| Return on assets (ROA) | 1.76% | +0.39 pp | 88th of 500 |
| Efficiency ratio | 45.84% | -3.39 pp | 89th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $21.4 mn | Narrowed by $12.4 mn | |
| Noncurrent loans to total loans | 0.47% | +0.02 pp | 179th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.27% | +0.26 pp | 382nd of 500 (1 = lowest) |
US rank of State Bank of Southern Utah: 1 = highest unless marked 1 = lowest.
Balance sheet
State Bank of Southern Utah: assets, deposits and loans
- Total assets $2.7bn
- Deposits $2.4bn
- Net loans $1.9bn
Capital and securities
State Bank of Southern Utah uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 12.04% in . Equity capital of State Bank of Southern Utah at : $312.2 mn, or 11.4% of total assets.
The available-for-sale portfolio of State Bank of Southern Utah showed an unrealized loss of $21.4 mn at ; the loss narrowed by $12.4 mn over the year.
State Bank of Southern Utah: capital ratios
- Total capital 19%
- CET1 18%
- Tier 1 leverage 12%
State Bank of Southern Utah: unrealized securities gains and losses
- Available for sale -$21mn
- Held to maturity $0
Profitability and loan quality
For the year to , State Bank of Southern Utah earned a return on equity of 15.58%; return on assets: 1.76%. Net interest margin at State Bank of Southern Utah: 4.22%, +0.59 pp in a year. State Bank of Southern Utah net income: $23.5 mn, up 33.7% year on year. The efficiency ratio of State Bank of Southern Utah was 45.84%: about 46 cents cost per revenue dollar, against 67 cents at the median peer.
At , noncurrent loans were 0.47% of total loans at State Bank of Southern Utah; net charge-offs: 0.27% of average loans. Gross loans and leases at State Bank of Southern Utah: $1.9 bn, up 4.6% in a year.
State Bank of Southern Utah: profitability
- Return on equity 16%
- Net interest margin 4.2%
- Return on assets 1.8%
Peer group of State Bank of Southern Utah
The peer group of State Bank of Southern 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 State Bank of Southern 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, State Bank of Southern Utah shows return on equity 15.58% against a peer median of 10.43% and uninsured deposit share 29.89% against a peer median of 32.07%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Avidia Bank | State-chartered stock savings bank | MA | $2.8 bn | 15.47% | 8.29% | 39.16% | |
| Lead Bank | State nonmember bank | MO | $2.8 bn | 20.33% | 18.15% | 30.02% | |
| Open Bank | State nonmember bank | CA | $2.7 bn | 12.10% | 12.57% | 49.75% | |
| State Bank of Southern Utah | State nonmember bank | UT | $2.7 bn | not reported | 15.58% | 29.89% | |
| Cornerstone Bank | State member bank | NE | $2.7 bn | not reported | 13.70% | 34.04% | |
| Westfield Bank | Federal savings bank | MA | $2.7 bn | 12.47% | 7.94% | 30.10% | |
| Home Federal Bank of Tennessee | Federal savings bank | TN | $2.7 bn | not reported | 1.87% | 21.23% | |
. FDIC Call Reports.
Last eight quarters
Two years at State Bank of Southern Utah, to : assets +7.2%, deposits +14.2%, equity +31.3%. Staff 285 to 306.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.6 bn | $2.5 bn | $2.6 bn | $2.6 bn | $2.5 bn | $2.6 bn | $2.7 bn | $2.7 bn |
| Total deposits | $2.1 bn | $2.1 bn | $2.2 bn | $2.3 bn | $2.2 bn | $2.3 bn | $2.3 bn | $2.4 bn |
| Bank equity capital | $237.9 mn | $240.6 mn | $252.1 mn | $264.7 mn | $279.8 mn | $292.2 mn | $301.5 mn | $312.2 mn |
| Return on equity (ROE) | 9.96% | 11.20% | 12.75% | 13.93% | 14.81% | 14.38% | 16.11% | 15.58% |
| Uninsured share of domestic deposits | 23.50% | 27.62% | 25.60% | 27.62% | 26.38% | 27.13% | 27.81% | 29.89% |
| Full-time equivalent employees | 285 | 294 | 305 | 297 | 296 | 298 | 302 | 306 |
| Number of offices | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of State Bank of Southern Utah, oldest first; figures before and after each event are not like for like.
- . Absorbed Gunnison Valley Bank (FDIC certificate 1250).
Questions and identifiers
What were the total assets of State Bank of Southern Utah?
State Bank of Southern Utah reported $2.7 bn at in its Call Report. That makes State Bank of Southern Utah the 462nd largest of 497 banks in our US coverage.
Is State Bank of Southern Utah the same as its holding company?
No. This page covers State Bank of Southern Utah, FDIC certificate 17964; SOUTHERN UTAH BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is State Bank of Southern Utah profitable?
State Bank of Southern Utah reported net income of $23.5 mn for the year to ; annualized return on equity: 15.58%. So yes: State Bank of Southern Utah made a profit over these months.
When is data for State Bank of Southern Utah next updated?
Figures from State Bank of Southern Utah for are due after .
Where can I check the figures for State Bank of Southern Utah?
In the FDIC BankFind Suite record for certificate 17964, and in the Call Reports of State Bank of Southern Utah (RSSD ID 656470) at the FFIEC Central Data Repository.