Draper, UT · Cert 59205
State charter, non-member · FDIC · 1 branch
Q2 2026
Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.2% share · #20 of 57 inst. · $2.5B 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 | -0.57% | -0.41% | 0.88% | 0.53% | 0.71% | 0.78% | 1.11% | 1.23% | +70 bps | |
| Return on Equity | -4.59% | -3.29% | 7.47% | 4.42% | 5.92% | 6.20% | 7.97% | 8.48% | +406 bps | |
| Net Interest Margin | 3.00% | 2.88% | 3.39% | 3.07% | 3.02% | 2.95% | 3.15% | 2.58% | -49 bps | |
| Efficiency Ratio | 60.46% | 54.16% | 44.94% | 44.08% | 42.27% | 40.80% | 32.03% | 36.07% | -801 bps | |
| Non-Interest Burden | 1.91% | 1.65% | 1.63% | 1.43% | 1.32% | 1.23% | 0.93% | 0.92% | -50 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 21.96% | 46.18% | 50.17% | 49.09% | 50.76% | 42.83% | 48.88% | 69.61% | +2,052 bps | |
| Loan Growth (YoY) | 19.25% | 46.20% | 54.83% | 50.46% | 72.00% | 49.18% | 66.50% | 99.91% | +4,946 bps | |
| Deposit Growth (YoY) | 21.23% | 48.03% | 43.86% | 48.23% | 50.90% | 40.52% | 41.59% | 63.52% | +1,529 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.49% | 0.38% | 0.88% | 1.06% | 1.36% | 1.12% | 1.95% | 2.17% | +111 bps | |
| Net Charge-Offs / Loans | 2.28% | 3.19% | 0.94% | 0.97% | 0.86% | 1.04% | 0.89% | 0.59% | -39 bps | |
| Allowance / Loans | 3.04% | 2.53% | 2.22% | 2.71% | 2.44% | 2.69% | 2.30% | 1.72% | -99 bps | |
| Allowance Coverage of NPLs | 6.2x | 6.6x | 2.5x | 2.6x | 1.8x | 2.4x | 1.2x | 0.8x | -1.8x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.43% | 12.37% | 12.63% | 12.83% | 12.71% | 14.45% | 15.02% | 15.94% | +310 bps | |
| Total Risk-Based Capital | 12.43% | 12.37% | 12.63% | 12.83% | 12.71% | 14.45% | 15.02% | 15.94% | +310 bps | |
| Equity / Assets | 11.41% | 12.32% | 11.22% | 12.68% | 11.88% | 14.23% | 13.63% | 15.46% | +278 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 49.26% | 51.10% | 54.99% | 53.71% | 56.14% | 54.25% | 64.66% | 65.66% | +1,195 bps | |
| Liquid Assets / Assets | 22.55% | 16.82% | 15.31% | 12.40% | 10.70% | 11.09% | 10.16% | 7.47% | -493 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 9.02% | 9.48% | 9.28% | n/a | n/a | |