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 (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.21% | 2.16% | 1.92% | 1.95% | 1.88% | 1.86% | 1.65% | 1.56% | -39 bps | |
| Return on Equity | 20.44% | 20.47% | 19.60% | 19.52% | 18.68% | 18.47% | 15.71% | 15.33% | -420 bps | |
| Net Interest Margin | 2.33% | 2.20% | 1.89% | 1.90% | 1.84% | 1.77% | 1.32% | 1.28% | -62 bps | |
| Efficiency Ratio | 15.26% | 16.01% | 18.60% | 18.12% | 19.46% | 19.99% | 36.58% | 36.83% | +1,871 bps | |
| Non-Interest Burden | -0.51% | -0.55% | -0.69% | -0.73% | -0.61% | -0.61% | -0.67% | -0.65% | +7 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 | 0.23% | 0.24% | 0.10% | 0.09% | 0.10% | 0.16% | 0.10% | 0.08% | -1 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 |