Salt Lake City, UT · Cert 32992 · Morgan Stanley
National charter · OCC · 1 affiliate bank · 1 branch (2 in holding)
Q2 2026
Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 22.9% share · #1 of 57 inst. · $268.8B of $1175.7B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.00% | 2.01% | 1.92% | 1.97% | 1.77% | 1.80% | 1.65% | 1.42% | -55 bps | |
| Return on Equity | 18.20% | 19.57% | 19.60% | 19.42% | 17.13% | 17.52% | 15.71% | 13.92% | -550 bps | |
| Net Interest Margin | 2.31% | 2.09% | 1.89% | 1.95% | 1.84% | 1.73% | 1.32% | 1.27% | -68 bps | |
| Efficiency Ratio | 15.32% | 18.13% | 18.60% | 17.67% | 22.27% | 21.57% | 36.58% | 37.09% | +1,941 bps | |
| Non-Interest Burden | -0.37% | -0.73% | -0.69% | -0.78% | -0.43% | -0.65% | -0.67% | -0.65% | +13 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.43% | 10.39% | 10.23% | 13.11% | 11.04% | 9.81% | 66.88% | 75.26% | +6,216 bps | |
| Loan Growth (YoY) | 5.16% | 6.71% | 21.35% | 14.83% | 24.41% | 19.90% | 21.55% | 20.73% | +590 bps | |
| Deposit Growth (YoY) | 2.05% | 6.36% | 6.35% | 12.02% | 11.90% | 9.65% | 28.06% | 39.32% | +2,730 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.85% | 0.62% | 0.66% | 0.85% | 0.69% | 0.62% | 0.56% | 0.47% | -37 bps | |
| Net Charge-Offs / Loans | 0.46% | 0.29% | 0.10% | 0.08% | 0.15% | 0.33% | 0.10% | 0.05% | -3 bps | |
| Allowance / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.34% | 9.74% | 10.08% | 10.36% | 10.51% | 10.09% | 11.04% | 10.44% | +8 bps | |
| Total Risk-Based Capital | 23.78% | 20.87% | 21.41% | 21.30% | 20.49% | 20.98% | 20.04% | 18.71% | -259 bps | |
| Equity / Assets | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 45.43% | 45.41% | 50.02% | 49.43% | 50.51% | 49.66% | 47.48% | 42.84% | -660 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.47% | 4.76% | +476 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |