Salt Lake City, UT · Cert 35141
State charter, non-member · FDIC · 1 branch
Q2 2026
Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.8% share · #13 of 57 inst. · $9.5B 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 | 2.19% | 2.23% | 2.47% | 2.38% | 2.33% | 2.31% | 2.26% | 2.29% | -10 bps | |
| Return on Equity | 14.73% | 14.94% | 16.12% | 15.97% | 15.71% | 15.84% | 16.46% | 17.05% | +108 bps | |
| Net Interest Margin | 2.90% | 2.90% | 3.02% | 2.96% | 2.94% | 2.95% | 2.94% | 2.96% | 0 bps | |
| Efficiency Ratio | 19.16% | 19.10% | 17.22% | 17.69% | 17.49% | 17.65% | 17.31% | 17.13% | -55 bps | |
| Non-Interest Burden | -0.18% | -0.19% | -0.37% | -0.28% | -0.30% | -0.26% | -0.22% | -0.18% | +10 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.03% | 2.36% | 2.13% | 1.38% | 4.39% | 4.67% | 5.85% | 12.34% | +1,095 bps | |
| Loan Growth (YoY) | 0.15% | 2.81% | 2.70% | 1.76% | 3.83% | 3.10% | 4.17% | 8.56% | +681 bps | |
| Deposit Growth (YoY) | -2.57% | 6.81% | 6.18% | 3.26% | 5.98% | 5.06% | 7.78% | 19.27% | +1,600 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.15% | 0.14% | 0.11% | 0.09% | 0.10% | 0.11% | 0.08% | 0.09% | 0 bps | |
| Net Charge-Offs / Loans | 0.29% | 0.32% | 0.41% | 0.31% | 0.27% | 0.27% | 0.22% | 0.19% | -12 bps | |
| Allowance / Loans | 0.46% | 0.45% | 0.41% | 0.40% | 0.51% | 0.50% | 0.50% | 0.49% | +8 bps | |
| Allowance Coverage of NPLs | 3.2x | 3.3x | 3.7x | 4.5x | 5.3x | 4.5x | 6.1x | 5.5x | +1.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 14.83% | 15.18% | 15.76% | 14.07% | 14.43% | 13.70% | 13.91% | 13.24% | -83 bps | |
| Total Risk-Based Capital | 16.36% | 16.60% | 17.13% | 15.58% | 15.97% | 14.93% | 15.28% | 14.03% | -155 bps | |
| Equity / Assets | 14.87% | 15.02% | 15.61% | 14.16% | 14.53% | 13.57% | 13.91% | 12.78% | -138 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 119.62% | 114.31% | 117.07% | 118.05% | 117.19% | 112.18% | 113.15% | 107.46% | -1,059 bps | |
| Liquid Assets / Assets | 20.66% | 20.59% | 20.28% | 20.23% | 21.21% | 21.67% | 21.57% | 23.06% | +283 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 1.05% | 1.17% | 1.12% | n/a | n/a | |