Finwise Bank
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Data as of · sourced from FFIEC call reports. How we update
Finwise Bank is an FDIC-insured commercial bank headquartered in Murray, UT, established in 2000 (FDIC certificate 35323), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $915.5M, up 9.9% from Q2 2025, the 30th largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 18.05% 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
- 35323
- Headquarters
- Murray, UT
- Established
- 2000
- Total assets, Q2 2026
- $915.5M
- Assets vs Q2 2025
- +9.9%
- Tier 1 leverage ratio, Q2 2026
- 18.05%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 124303036
- Holding company
- FINWISE BANCORP
- Asset rank in state
- 30th of 44 in Utah
Finwise Bank pays more for its money than most banks of its size. Its balance sheet stood at $915 million at June 30, 2026, up 9.9% from a year earlier; it is based in Murray, Utah. It pays an average of 3.01% on its deposits and borrowings, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). On the other hand, it funds 18.05% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.99%).
Earnings fell sharply: quarterly net income of $3.0 million was 33% below a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 2.53% of loans, down from 2.74% a year earlier. Credit is the area to watch: it carries problem assets equal to 9.0% of the capital and reserves that would absorb them, 3.4 times the median of 2.6% for banks its size.
As of June 30, 2026, Finwise Bank reported a return on assets of 1.34%, a nonperforming-loan ratio of 5.11% and a Texas ratio of 9.03%. The figures come from its call report filed with the FFIEC.
Of the 44 banks headquartered in Utah, Finwise Bank is the 30th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.9% to $915.5M, loans rose 3.7% and deposits rose 2.1%. Other consumer loans made up 35.0% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 25.5%. Its 2 offices in the FDIC Summary of Deposits are in Murray, UT and Sandy, UT; its Murray office books 100% of its branch deposits. On its Q2 2026 call report, Finwise Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 756 E Winchester St, Murray, UT 84107
- 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
- July 25, 2000
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 206
- Domestic deposits
- $723.0M
- Allowance for credit losses
- $47.4M
- Net charge-offs (YTD)
- $22.5M
- Average total assets
- $889.6M
- Average total loans
- $628.4M
- Average interest-bearing deposits
- $547.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 25, 2000
- FDIC Cert
- 35323
- Fed RSSD
- 2880019
- SEC CIK
- 1856365 → filed by FINWISE BANCORP
- Website
- www.finwise.bank →
- Parent Holding Company
- FINWISE BANCORP (RSSD 3157549) · FINW
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| James Noone | CEO | CHIEF EXECUTIVE OFFICER |
| Kent Landvatter | CHR | EXECUTIVE CHAIRMAN |
| Robert E. Wahlman | CFO | EVP, Chief Financial Officer |
| Richard Thiessens | CTO | EVP Chief Technology Officer |
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, Finwise Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Finwise Bank's total assets moved between a low of $549.6M (Q3 2023) and a high of $967.5M (Q4 2025) from Q3 2023 to 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
$915.5M total assets against $833.1M; $751.4M total liabilities against $685.2M.
$689.7M net loans and leases against $653.8M; $723.0M total deposits against $663.5M.
$36.4M securities against $41.4M; $93.6M cash and balances due against $90.1M.
$34.0M total interest income against $19.7M; $5.2M total interest expense against $5.0M.
$28.8M net interest income against $14.7M.
$26.1M total noninterest income against $9.7M; $28.2M total noninterest expense against $13.7M.
$22.7M provision for credit losses against $4.7M.
$3.0M net income against $4.5M.
1.34% return on assets against 2.22%; 13.64% net interest margin against 7.76%.
18.05% tier 1 leverage ratio against 17.97%.
Inside the full Finwise Bank 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.
Finwise Bank rankings
Its closest position to the top of a national ranking is 719 of 3,640, for Texas Ratio; its furthest is 1,663 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.34% (Q2 2026) to 3.01% (Q3 2024) and its net interest margin ran from 7.76% (Q2 2025) to 13.64% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.05% | 1.34% | 5.11% | 9.03% | 13.64% |
| Q1 2026 | 16.81% | 1.53% | 7.00% | 11.86% | 12.59% |
| Q4 2025 | 16.90% | 1.88% | 5.87% | 10.10% | 11.40% |
| Q3 2025 | 17.19% | 2.43% | 5.92% | 11.04% | 8.97% |
| Q2 2025 | 17.97% | 2.22% | 5.86% | 11.47% | 7.76% |
| Q1 2025 | 18.80% | 1.87% | 4.88% | 9.55% | 8.05% |
| Q4 2024 | 20.58% | 2.39% | 6.49% | 11.38% | 10.00% |
| Q3 2024 | 20.28% | 3.01% | 5.82% | 7.37% | 9.60% |
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Branch Network
View all 2 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 |
|---|---|---|---|
| Finwise Bank (main office) | Murray , UT | 84107 | $723.0M |
| Sandy Branch | Sandy , UT | 84094 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (SEC Form 8-K)
- May 23, 2022, SEC Form 8-K: 8-K Item 5.02: written agreement
- Period: Most recent institution action May 23, 2022. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in UT, rank 34 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 82 loans, $91.1M approved, $1.1M 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
- 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 Finwise Bank
What are Finwise Bank's total assets?
As of the Q2 2026 filing, Finwise Bank reported total assets of $915.5 million in its FFIEC call report.
Where is Finwise Bank headquartered?
It is headquartered in Murray, UT, United States.
When was Finwise Bank founded?
It was established in 2000, per the FDIC institution directory.
Is Finwise Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #35323). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Finwise Bank?
Finwise Bank's primary federal regulator is the FDIC.
How many branches does Finwise Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Finwise Bank's Texas Ratio?
Its Texas Ratio is 9.03% 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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