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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 $4.7MQ2 2025Q2 2026
Deposit mix
65%Interest-bearing $93.4M35%Noninterest $49.8MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.95%2.09%2.03%2.68%2.70%+74 bps
Return on Equity14.08%14.78%14.29%18.14%18.09%+401 bps
Net Interest Margin5.80%5.90%6.01%6.59%6.36%+56 bps
Efficiency Ratio44.01%46.25%50.33%44.57%42.95%-105 bps
Non-Interest Burden2.32%2.51%2.83%2.78%2.55%+22 bps
Growth
Asset Growth (YoY)10.11%5.70%5.34%2.11%7.84%-226 bps
Loan Growth (YoY)8.77%10.26%15.19%9.52%18.56%+979 bps
Deposit Growth (YoY)9.78%5.08%4.22%0.45%6.89%-290 bps
Asset Quality
Nonperforming Loans / Loans3.84%0.68%0.50%0.78%1.82%-202 bps
Net Charge-Offs / Loans-0.04%1.11%0.89%-0.09%-0.07%-3 bps
Allowance / Loans1.94%1.08%1.01%1.16%1.20%-74 bps
Allowance Coverage of NPLs0.5x1.6x2.0x1.5x0.7x+0.2x
Capital
Tier 1 Leverage Ratio14.82%15.45%14.71%15.89%16.31%+149 bps
Total Risk-Based Capital14.82%15.45%14.71%15.89%16.31%+149 bps
Equity / Assets14.28%15.08%14.44%15.13%15.12%+84 bps
Liquidity & Funding
Loans / Deposits76.25%78.69%81.62%80.33%84.58%+833 bps
Liquid Assets / Assets0.61%0.60%0.59%0.57%0.55%-6 bps
CRE / Total Capitaln/a193.44%220%219%n/an/a