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Bank of Utah

Ogden, UT · Cert 17159 · Bou Bcorp Inc.

State charter, non-member · FDIC · 19 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

82

Q2 2024Q2 2026peer median (50)

Asset Quality

50

Q2 2024Q2 2026peer median (50)

Profitability

43

Q2 2024Q2 2026peer median (50)

Liquidity

20

Q2 2024Q2 2026peer median

Efficiency

44

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of Utah

Ogden, UT · Cert 17159 · Bou Bcorp Inc.

State charter, non-member · FDIC · 19 branches

Q2 2026

$3.8BAssets
$3.0BLoans
$3.0BDeposits
$465.5MEquity
Loan mix
93%RE $1.9B7%C&I $0.1B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
72%Interest-bearing $2.1B28%Noninterest $0.8BQ2 2025Q2 2026

NIM

5.09%Q2 ’245.26%Q2 ’255.33%Q2 ’26+3%+10%

Non-interest income vs. expense

2.15%Q2 ’242.23%Q2 ’252.55%Q2 ’26+8%+19%

Market Position · Ogden, UT · 2026 SOD (annual) · 19.9% share · #1 of 14 inst. · $1.9B of $9.5B

32.4% Weber
0.0% Salt Lake
1.0% Utah
6.1% Davis

Executive Summary

  • Earnings: ROA of 1.30%, up 7 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.15% of loans (-21 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 12.74%, up 42 bps from a year ago.
  • Funding: loans stand at 100.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.30%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.35%+30 bps YoY

Efficiency Ratio (YTD, annualized)

61.65%+303 bps YoY

Tier 1 Leverage Ratio

12.74%+42 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.23%1.34%1.35%1.32%1.30%+7 bps
Return on Equity10.31%11.26%11.17%10.70%10.55%+25 bps
Net Interest Margin3.05%3.00%3.13%3.48%3.35%+30 bps
Efficiency Ratio58.62%56.56%57.66%61.95%61.65%+303 bps
Non-Interest Burden1.47%1.39%1.48%1.84%1.76%+28 bps
Growth
Asset Growth (YoY)8.05%-0.85%7.78%6.05%6.74%-131 bps
Loan Growth (YoY)14.29%11.35%8.74%5.97%4.33%-997 bps
Deposit Growth (YoY)8.43%-2.33%11.18%3.17%5.28%-315 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.00%0.28%0.09%0.15%-21 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.45%0.22%+23 bps
Allowance / Loans1.23%1.24%1.27%1.18%1.19%-4 bps
Allowance Coverage of NPLs3.4x715.2x4.5x13.5x7.9x+4.5x
Capital
Tier 1 Leverage Ratio12.31%11.77%12.25%12.85%12.74%+42 bps
Total Risk-Based Capital17.07%17.36%17.66%17.81%17.61%+54 bps
Equity / Assets11.96%11.77%12.52%12.24%12.30%+34 bps
Liquidity & Funding
Loans / Deposits101.35%97.21%100.74%101.81%100.43%-92 bps
Liquid Assets / Assets8.90%12.08%9.20%11.67%11.31%+241 bps
CRE / Total Capitaln/a357%351%349%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bank of Utah

Ogden, UT · Cert 17159 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Bou Bcorp Inc.

State charter, non-member · FDIC · 19 branches

Q2 2026

$3.8BAssets
$3.0BLoans
$3.0BDeposits
$465.5MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 83% of banks $1B-$10B in assets operating in a single state (rank 45 of 258).
  • Widest gap: net charge-offs / loans trails 80% of banks $1B-$10B in assets operating in a single state (rank 207 of 258).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.27%

Rank 119 of 258

Net Interest Margin

3.35%

Rank 156 of 258

Efficiency Ratio

61.65%

Rank 145 of 257

Equity / Assets

12.30%

Rank 51 of 258

Non-interest income vs. expense

$28.9M$93.2MINCOMEEXPENSE
Unfavorable gap of $64.2M · efficiency ratio beats 44% of banks $1B-$10B in assets operating in a single state
Bank 61.65%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.27%0.93%1.23%1.54%Beats 54%119 / 258
Return on Equity10.35%9.26%11.84%14.74%Beats 36%165 / 258
Net Interest Margin3.35%3.16%3.49%3.88%Beats 40%156 / 258
Efficiency Ratio61.65%51.71%60.30%69.65%Beats 44%145 / 257
Asset Quality
Nonperforming Loans / Loans0.15%0.19%0.46%0.90%Beats 79%54 / 258
Net Charge-Offs / Loans0.11%0.01%0.02%0.07%Beats 20%207 / 258
Capital
Tier 1 Capital Ratio16.36%11.41%12.98%15.12%Beats 83%45 / 258
Total Risk-Based Capital Ratio17.61%12.10%13.91%16.08%Beats 83%43 / 258
Equity / Assets12.30%9.09%10.24%11.72%Beats 80%51 / 258
Liquidity & Funding
Loans / Deposits100.43%73.24%86.34%95.95%84th pctl41 / 258
Loans / Assets78.38%63.01%72.27%78.40%74th pctl66 / 258
Brokered Deposits / Depositsn/aNot reported for this institution