First Electronic Bank
BankRegReports is independent of First Electronic Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First Electronic Bank is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2000 (FDIC certificate 35533), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $502.9M, down 1.8% from Q2 2025, the 35th largest of 44 banks headquartered in Utah.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 35533
- Headquarters
- Salt Lake City, UT
- Established
- 2000
- Total assets, Q2 2026
- $502.9M
- Assets vs Q2 2025
- -1.8%
- Capital ratio
- Not reported
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124384974
- Latest call report
- Q2 2026, FFIEC 051 · First Electronic Bank call report
- Holding company
- TAW, L.P., THE
- Asset rank in state
- 35th of 44 in Utah
First Electronic Bank is one of the more profitable banks of its size. The Salt Lake City, Utah bank had $503 million in assets at June 30, 2026, down 1.8% from a year earlier. It returns 22.5% a year on shareholders' equity, about double the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 44 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $11 million was 38% below a year earlier. Over the same year, loans grew 26.5% and deposits shrank 14.4%.
As of June 30, 2026, First Electronic Bank reported a CET1 capital ratio of 90.01%, a return on assets of 10.49%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.01%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Electronic Bank is the 35th largest of the 44 banks headquartered in Utah. From Q1 2026 to Q2 2026, its total assets rose 17.1% to $502.9M, loans rose 31.9% and deposits rose 37.8%. Its loan book on June 30, 2026 was led by other consumer loans, at 88.0% of total loans, followed by credit card loans at 8.0%. The FDIC Summary of Deposits lists a single office for it, in Salt Lake City, UT. On its Q2 2026 call report, First Electronic Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2150 S 1300 E, Salt Lake City, UT 84106
- 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
- October 5, 2000
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 129
- Domestic deposits
- $285.6M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- $85K
- Average total assets
- $423.7M
- Average total loans
- $155.6M
- Average interest-bearing deposits
- $204.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- October 5, 2000
- FDIC Cert
- 35533
- Fed RSSD
- 2947556
- Website
- www.firstelectronic.com →
- Parent Holding Company
- TAW, L.P., THE (RSSD 5652927)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First Electronic Bank's total assets ran between $224.2M (Q3 2023) and $522.1M (Q3 2025), 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
$502.9M total assets against $511.9M; $304.5M total liabilities against $349.4M.
$203.2M net loans and leases against $161.6M; $285.6M total deposits against $333.5M.
$2.6M securities against $2.3M; $283.5M cash and balances due against $339.9M.
$23.0M total interest income against $29.0M; $183K total interest expense against $337K.
$22.9M net interest income against $28.6M.
$4.6M total noninterest income against $3.8M; $12.0M total noninterest expense against $8.5M.
$813K provision for credit losses against $0.
$11.1M net income against $18.0M.
10.49% return on assets against 13.51%; 21.61% net interest margin against 21.61%.
90.01% CET1 capital ratio against 94.32%; 46.82% tier 1 leverage ratio against 30.43%.
Inside the full First Electronic Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Electronic Bank rankings
Its closest position to the top of a national ranking is 352 of 3,606, for efficiency ratio; its furthest is 3,330 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 6.60% (Q1 2026) to 15.80% (Q1 2025) and its net interest margin ran from 14.38% (Q1 2026) to 24.19% (Q1 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 90.01% | 10.49% | 0.01% | 0.01% | 21.61% |
| Q1 2026 | 115.23% | 6.60% | 0.00% | 0.00% | 14.38% |
| Q4 2025 | 141.36% | 11.15% | 0.00% | 0.00% | 19.28% |
| Q3 2025 | 87.68% | 9.38% | 0.00% | 0.00% | 16.17% |
| Q2 2025 | 94.32% | 13.51% | 0.00% | 0.00% | 21.61% |
| Q1 2025 | 52.33% | 15.80% | 0.00% | 0.00% | 24.19% |
| Q4 2024 | 59.95% | 13.38% | 0.00% | 0.00% | 24.04% |
| Q3 2024 | 57.32% | 15.30% | 0.00% | 0.00% | 23.81% |
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 |
|---|---|---|---|
| First Electronic Bank (main office) | Salt Lake City , UT | 84106 | $285.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in UT, rank 43 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows First Electronic Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about First Electronic Bank
What are First Electronic Bank's total assets?
As of the Q2 2026 filing, First Electronic Bank reported total assets of $502.9 million in its FFIEC call report.
Where is First Electronic Bank headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was First Electronic Bank founded?
It was established in 2000, per the FDIC institution directory.
Is First Electronic Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #35533). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Electronic Bank?
First Electronic Bank's primary federal regulator is the FDIC.
What is First Electronic Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 90.01% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Electronic Bank 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 First Electronic Bank's Texas Ratio?
Its Texas Ratio is 0.01% 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.
Go deeper on First Electronic Bank.
Get an email when First Electronic Bank files its next call report, and benchmark it against any peer you choose.
Unlock First Electronic Bank, freeFree account