Draper, UT · Cert 57408
State charter, non-member · FDIC · 1 branch
Q2 2026
Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 1.4% share · #10 of 57 inst. · $16.5B 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 | 3.34% | 3.58% | 2.92% | 2.64% | 2.60% | 2.64% | 2.93% | 2.19% | -46 bps | |
| Return on Equity | 29.89% | 30.61% | 24.05% | 20.40% | 19.22% | 18.81% | 20.31% | 14.84% | -556 bps | |
| Net Interest Margin | 3.94% | 3.96% | 4.10% | 4.14% | 4.28% | 4.15% | 4.30% | 4.27% | +13 bps | |
| Efficiency Ratio | 21.16% | 24.10% | 24.71% | 25.48% | 27.73% | 27.27% | 23.34% | 28.30% | +282 bps | |
| Non-Interest Burden | -1.11% | -0.02% | 0.12% | 0.26% | 0.63% | 0.62% | 0.21% | 0.78% | +51 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 13.74% | 13.75% | 9.28% | 14.58% | 10.57% | 11.64% | 11.28% | 9.50% | -509 bps | |
| Loan Growth (YoY) | 29.49% | 30.44% | 30.56% | 34.83% | 38.51% | 37.92% | 34.18% | 25.31% | -951 bps | |
| Deposit Growth (YoY) | 7.08% | 6.75% | 3.68% | 6.40% | 8.53% | 7.50% | 8.32% | 9.48% | +308 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.29% | 0.28% | 0.14% | 0.19% | 0.19% | 0.20% | 0.21% | 0.21% | +2 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.80% | 0.40% | 0.40% | 0.33% | 0.18% | 0.21% | 0.24% | -16 bps | |
| Allowance / Loans | 1.42% | 1.17% | 1.00% | 0.89% | 0.89% | 0.81% | 0.93% | 0.92% | +3 bps | |
| Allowance Coverage of NPLs | 4.9x | 4.2x | 7.1x | 4.7x | 4.8x | 4.0x | 4.4x | 4.4x | -0.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.92% | 10.63% | 10.96% | 11.56% | 11.97% | 12.35% | 12.79% | 13.22% | +166 bps | |
| Total Risk-Based Capital | 15.67% | 16.29% | 16.70% | 16.71% | 17.22% | 17.77% | 18.35% | 18.66% | +195 bps | |
| Equity / Assets | 11.85% | 11.58% | 12.72% | 13.19% | 13.87% | 14.19% | 14.64% | 14.85% | +166 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 42.44% | 43.43% | 47.17% | 52.62% | 54.16% | 55.72% | 58.43% | 60.24% | +761 bps | |
| Liquid Assets / Assets | 5.65% | 6.62% | 3.49% | 4.91% | 4.78% | 6.89% | 4.55% | 5.03% | +12 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 229% | 225% | 227% | n/a | n/a | |