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Utah Independent Bank

Salina, UT · Cert 22514

State charter, Fed member · FED · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 under $1B in assets (n=573 to 620). 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

68

Q2 2024Q2 2026peer median (50)

Asset Quality

58

Q2 2024Q2 2026peer median (50)

Profitability

94

Q2 2024Q2 2026peer median (50)

Liquidity

79

Q2 2024Q2 2026peer median

Efficiency

95

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 2026-10-10

Utah Independent Bank

Salina, UT · Cert 22514

State charter, Fed member · FED · 4 branches

Q2 2026

$170.9MAssets
$121.1MLoans
$143.2MDeposits
$25.8MEquity
Loan mix
80%RE $83.6M16%C&I $16.5M4%Consumer $4.7MQ3 2024Q2 2026
Deposit mix
65%Interest-bearing $93.4M35%Noninterest $49.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 2.70%, up 74 bps year over year; NIM at 6.36%.
  • Asset quality: problem loans at 1.82% of loans (-202 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 16.31%, up 149 bps from a year ago.
  • Funding: loans stand at 84.58% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.70%+74 bps YoY

Net Interest Margin (YTD, annualized)

6.36%+56 bps YoY

Efficiency Ratio (YTD, annualized)

42.95%-105 bps YoY

Tier 1 Leverage Ratio

16.31%+149 bps YoY

NIM

6.92%Q2 ’247.07%Q2 ’257.52%Q2 ’26+2%+10%

Non-interest income vs. expense

2.68%Q2 ’242.73%Q2 ’252.87%Q2 ’26+6%+10%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.69%2.43%2.67%1.95%2.09%2.03%2.68%2.70%+74 bps
Return on Equity19.52%17.72%19.57%14.08%14.78%14.29%18.14%18.09%+401 bps
Net Interest Margin5.73%5.55%5.88%5.80%5.90%6.01%6.59%6.36%+56 bps
Efficiency Ratio43.11%49.30%41.57%44.01%46.25%50.33%44.57%42.95%-105 bps
Non-Interest Burden2.20%2.51%2.20%2.32%2.51%2.83%2.78%2.55%+22 bps
Growth
Asset Growth (YoY)11.90%15.45%11.45%10.11%5.70%5.34%2.11%7.84%-226 bps
Loan Growth (YoY)22.55%18.45%12.90%8.77%10.26%15.19%9.52%18.56%+979 bps
Deposit Growth (YoY)10.81%15.24%10.97%9.78%5.08%4.22%0.45%6.89%-290 bps
Asset Quality
Nonperforming Loans / Loans2.78%3.49%3.40%3.84%0.68%0.50%0.78%1.82%-202 bps
Net Charge-Offs / Loans0.10%0.07%-0.08%-0.04%1.11%0.89%-0.09%-0.07%-3 bps
Allowance / Loans1.21%1.25%1.31%1.94%1.08%1.01%1.16%1.20%-74 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.5x1.6x2.0x1.5x0.7x+0.2x
Capital
Tier 1 Leverage Ratio15.68%14.00%14.96%14.82%15.45%14.71%15.89%16.31%+149 bps
Total Risk-Based Capital15.68%14.00%14.96%14.82%15.45%14.71%15.89%16.31%+149 bps
Equity / Assets14.57%13.51%13.77%14.28%15.08%14.44%15.13%15.12%+84 bps
Liquidity & Funding
Loans / Deposits74.99%73.85%73.68%76.25%78.69%81.62%80.33%84.58%+833 bps
Liquid Assets / Assets0.69%0.68%0.62%0.61%0.60%0.59%0.57%0.55%-6 bps
CRE / Total Capitaln/an/an/an/a193.44%220%219%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 2026-10-10

Utah Independent Bank

Salina, UT · Cert 22514 · Peer group: banks under $1B in assets (n=573-620)

State charter, Fed member · FED · 4 branches

Q2 2026

$170.9MAssets
$121.1MLoans
$143.2MDeposits
$25.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets (rank 162 of 573).
  • Widest gap: nonperforming loans / loans trails 84% of banks under $1B in assets (rank 485 of 573).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.60%

Rank 45 of 620

Net Interest Margin

6.36%

Rank 4 of 620

Efficiency Ratio

42.95%

Rank 30 of 620

Equity / Assets

15.12%

Rank 135 of 620

Non-interest income vs. expense

$0.5M$4.7MINCOMEEXPENSE
Unfavorable gap of $4.2M · efficiency ratio beats 95% of banks under $1B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.60%0.60%1.00%1.45%Beats 93%45 / 620n/a
Return on Equity17.19%5.30%9.30%13.29%Beats 89%68 / 620n/a
Net Interest Margin6.36%3.02%3.53%4.04%Beats 99%4 / 620n/a
Efficiency Ratio42.95%58.35%68.08%79.37%Beats 95%30 / 620n/a
Asset Quality
Nonperforming Loans / Loans1.82%0.09%0.47%1.27%Beats 16%485 / 573n/a
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%162 / 573n/a
Capital
Tier 1 Capital Ratio16.31%11.27%13.87%18.78%Beats 65%214 / 620n/a
Total Risk-Based Capital Ratio16.31%11.69%14.57%19.67%Beats 62%233 / 620n/a
Equity / Assets15.12%9.03%10.60%13.73%Beats 78%135 / 620n/a
Liquidity & Funding
Loans / Deposits84.58%65.08%79.69%92.47%58th pctl246 / 585n/a
Loans / Assets70.88%51.85%67.17%77.86%57th pctl264 / 620n/a
Brokered Deposits / Depositsn/aNot reported for this institution