Celtic Bank Corporation
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Data as of · sourced from FFIEC call reports. How we update
Celtic Bank Corporation is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2001 (FDIC certificate 57056), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $5.33B, up 25.1% from Q2 2025, the 16th largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 18.04% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57056
- Headquarters
- Salt Lake City, UT
- Established
- 2001
- Total assets, Q2 2026
- $5.33B
- Assets vs Q2 2025
- +25.1%
- Tier 1 leverage ratio, Q2 2026
- 18.04%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124084805
- Holding company
- CELTIC INVESTMENT, INC.
- Asset rank in state
- 16th of 44 in Utah
Problem loans are rising at Celtic Bank Corporation. The Salt Lake City, Utah bank had $5.3 billion in assets at June 30, 2026, up 25.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.63% of loans from 2.73% a year earlier. It earns about $3.57 a year on every $100 of assets, about triple the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also spends about 34 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 58 cents).
The commercial and industrial book ($2.1 billion) is worsening: 4.45% of it is past due or on nonaccrual, up from 3.26% a year earlier. Funding is the softer spot: it pays an average of 3.42% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.01%).
As of June 30, 2026, Celtic Bank Corporation reported a return on assets of 3.57%, a nonperforming-loan ratio of 3.63% and a Texas ratio of 16.71%. The figures come from its call report filed with the FFIEC.
Celtic Bank Corporation ranks as the 16th largest of the 44 banks based in Utah, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 7.4% to $5.33B, loans rose 10.7% and deposits rose 9.6%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 47.0% of total loans, ahead of owner-occupied commercial real estate loans at 41.0%. The FDIC Summary of Deposits lists a single office for it, in Salt Lake City, UT. On its Q2 2026 call report, Celtic Bank Corporation meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 268 S State St, Salt Lake City, UT 84111
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 1, 2001
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 382
- Domestic deposits
- $3.90B
- Allowance for credit losses
- $75.3M
- Net charge-offs (YTD)
- $10.4M
- Average total assets
- $5.13B
- Average total loans
- $4.16B
- Average interest-bearing deposits
- $3.69B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- March 1, 2001
- FDIC Cert
- 57056
- Fed RSSD
- 2998576
- SEC CIK
- 869497 → filed by CELTIC INVESTMENT, INC.
- Website
- http://www.celticbank.com →
- Parent Holding Company
- CELTIC INVESTMENT, INC. (RSSD 3843637)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Celtic Bank Corporation reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Celtic Bank Corporation's total assets ran between $2.61B (Q3 2023) and $5.33B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$5.33B total assets against $4.26B; $4.41B total liabilities against $3.50B.
$4.50B net loans and leases against $3.27B; $3.90B total deposits against $2.85B.
$389.0M securities against $353.1M; $225.4M cash and balances due against $446.5M.
$111.6M total interest income against $93.0M; $37.8M total interest expense against $28.9M.
$73.7M net interest income against $64.1M.
$36.6M total noninterest income against $27.9M; $37.2M total noninterest expense against $32.0M.
$13.4M provision for credit losses against $5.0M.
$45.7M net income against $41.8M.
3.57% return on assets against 4.14%; 5.86% net interest margin against 6.23%.
18.04% tier 1 leverage ratio against 18.85%.
Inside the full Celtic Bank Corporation terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Celtic Bank Corporation rankings
Its closest position to the top of a national ranking is 32 of 3,611, for ROA; its furthest is 943 of 980, for uninsured deposits.
Metric pages for Celtic Bank Corporation: ROA, Efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 3.32% (Q1 2026) to 4.84% (Q3 2024) and its net interest margin ran from 5.86% (Q2 2026) to 7.36% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.04% | 3.57% | 3.63% | 16.71% | 5.86% |
| Q1 2026 | 18.27% | 3.32% | 3.10% | 13.60% | 5.98% |
| Q4 2025 | 18.20% | 4.47% | 2.77% | 12.32% | 6.50% |
| Q3 2025 | 18.14% | 3.90% | 2.79% | 12.24% | 6.43% |
| Q2 2025 | 18.85% | 4.14% | 2.73% | 11.21% | 6.23% |
| Q1 2025 | 18.99% | 4.15% | 2.61% | 10.24% | 6.49% |
| Q4 2024 | 19.39% | 4.62% | 2.29% | 8.91% | 7.36% |
| Q3 2024 | 19.71% | 4.84% | 1.72% | 6.44% | 7.22% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Celtic Bank | Salt Lake City , UT | 84111 | $3.90B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in UT, rank 19 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1,365 loans, $542.9M approved, $398K average. 0.22% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Celtic Bank Corporation
What are Celtic Bank Corporation's total assets?
As of the Q2 2026 filing, Celtic Bank Corporation reported total assets of $5.33 billion in its FFIEC call report.
Where is Celtic Bank Corporation headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was Celtic Bank Corporation founded?
It was established in 2001, per the FDIC institution directory.
Is Celtic Bank Corporation FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57056). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Celtic Bank Corporation?
Celtic Bank Corporation's primary federal regulator is the FDIC.
How many branches does Celtic Bank Corporation operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Celtic Bank Corporation's Texas Ratio?
Its Texas Ratio is 16.71% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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