Central Bank (Provo, UT)
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Data as of · sourced from FFIEC call reports. How we update
Central Bank is an FDIC-insured commercial bank headquartered in Provo, UT, established in 1891 (FDIC certificate 9204), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.16B, up 5.8% from Q2 2025, the 24th largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.42% 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
- 9204
- Headquarters
- Provo, UT
- Established
- 1891
- Total assets, Q2 2026
- $2.16B
- Assets vs Q2 2025
- +5.8%
- Tier 1 leverage ratio, Q2 2026
- 15.42%
- Domestic offices
- 13 FDIC institution directory, current count
- Routing number
- 124300327
- Latest call report
- Q2 2026, FFIEC 051 · Central Bank call report
- Holding company
- CENTRAL BANCORPORATION
- Asset rank in state
- 24th of 44 in Utah
Central Bank is one of the more profitable banks of its size. The Provo, Utah bank had $2.2 billion in assets at June 30, 2026, up 5.8% from a year earlier. It earns about $2.15 a year on every $100 of assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median $1.29). It also keeps 4.79 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.71 cents). Much of that comes from cost control: it spends about 48 cents to bring in each dollar of revenue.
Earnings jumped: net income for the quarter was $12 million, 33% above the same quarter a year earlier. Over the same year, loans grew 0.7% and deposits grew 7.9%.
As of June 30, 2026, Central Bank reported a return on assets of 2.15%, a nonperforming-loan ratio of 0.47% and a Texas ratio of 1.91%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Central Bank is the 24th largest of the 44 banks headquartered in Utah. From Q1 2026 to Q2 2026, its total assets rose 0.7% to $2.16B, loans fell 0.7% and deposits rose 0.3%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 25.6% of total loans, followed by construction and land development loans at 25.0%. Its 13 offices in the FDIC Summary of Deposits are in 10 cities in UT; its Provo 3 offices book 37% of its branch deposits. By the capital ratios in its Q2 2026 call report, Central Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 75 N University Ave, Provo, UT 84601
- County
- Utah
- Metro Area
- Provo-Orem-Lehi, 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- October 17, 1891
- Former names
- Central Bank and Trust Company (1966-1990)
- Domestic offices
- 13 FDIC institution directory, current count
- Employees (FTE)
- 301
- Domestic deposits
- $1.78B
- Allowance for credit losses
- $43.8M
- Net charge-offs (YTD)
- $978K
- Average total assets
- $2.15B
- Average total loans
- $1.38B
- Average interest-bearing deposits
- $1.21B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9204
- Fed RSSD
- 622774
- Website
- www.cbutah.com →
- Parent Holding Company
- CENTRAL BANCORPORATION (RSSD 1025662)
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, Central Bank 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, Central Bank's total assets ran between $1.95B (Q3 2023) and $2.16B (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
$2.16B total assets against $2.05B; $1.84B total liabilities against $1.76B.
$1.32B net loans and leases against $1.31B; $1.78B total deposits against $1.65B.
$555.1M securities against $564.7M; $209.2M cash and balances due against $91.3M.
$34.3M total interest income against $32.4M; $9.2M total interest expense against $8.3M.
$25.1M net interest income against $24.0M.
$3.6M total noninterest income against $2.6M; $14.1M total noninterest expense against $13.7M.
$900K provision for credit losses against $1.4M.
$11.6M net income against $8.7M.
2.15% return on assets against 1.70%; 4.79% net interest margin against 4.82%.
15.42% tier 1 leverage ratio against 14.64%.
Inside the full Central Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCentral Bank rankings
Its closest position to the top of a national ranking is 349 of 3,611, for ROA; its furthest is 2,296 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.47% (Q4 2024) to 2.15% (Q2 2026) and its net interest margin ran from 4.39% (Q3 2024) to 4.98% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.42% | 2.15% | 0.47% | 1.91% | 4.79% |
| Q1 2026 | 15.18% | 1.93% | 0.67% | 2.73% | 4.82% |
| Q4 2025 | 15.03% | 1.89% | 0.67% | 2.22% | 4.98% |
| Q3 2025 | 14.76% | 1.74% | 0.86% | 3.14% | 4.91% |
| Q2 2025 | 14.64% | 1.70% | 0.77% | 3.11% | 4.82% |
| Q1 2025 | 14.36% | 1.67% | 0.61% | 2.48% | 4.58% |
| Q4 2024 | 14.02% | 1.47% | 1.01% | 4.83% | 4.49% |
| Q3 2024 | 13.81% | 1.50% | 0.60% | 1.51% | 4.39% |
Swipe the table sideways to see every column.
Branch Network
View all 13 branches → 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 |
|---|---|---|---|
| Central Bank (main office) | Provo , UT | 84601 | $315.3M |
| Spanish Fork Branch | Spanish Fork , UT | 84660 | $291.8M |
| Provo Branch | Provo , UT | 84601 | $237.2M |
| Orem Branch | Orem , UT | 84057 | $180.8M |
| American Fork Branch | American Fork , UT | 84003 | $156.0M |
| Lehi Office | Lehi , UT | 84043 | $118.1M |
| Mapleton Branch | Mapleton , UT | 84664 | $116.7M |
| Traverse Mountain | Lehi , UT | 84043 | $101.6M |
| Riverside Plaza Branch | Provo , UT | 84604 | $98.0M |
| Payson Branch | Payson , UT | 84651 | $93.9M |
| Pleasant Grove Branch | Pleasant Grove , UT | 84062 | $51.5M |
| Saratoga Springs Branch | Saratoga Springs , UT | 84045 | $15.0M |
| Nephi Branch | Nephi , UT | 84648 | $2.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 1966 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in UT, rank 29 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 189 applications, 141 loans originated, $84.5M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 63 loans, $24.0M approved, $381K average. 0.00% 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, 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 Central Bank
What are Central Bank's total assets?
As of the Q2 2026 filing, Central Bank reported total assets of $2.16 billion in its FFIEC call report.
Where is Central Bank headquartered?
It is headquartered in Provo, UT, United States.
When was Central Bank founded?
It was established in 1891, per the FDIC institution directory.
Is Central Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9204). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Central Bank?
Central Bank's primary federal regulator is the FDIC.
How many branches does Central Bank operate?
It operates 13 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Central Bank's Texas Ratio?
Its Texas Ratio is 1.91% 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.
What was Central Bank previously called?
The charter now named Central Bank has also operated as Central Bank and Trust Company (1966-1990), per FDIC structure-change records.
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