First Utah Bank
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Data as of · sourced from FFIEC call reports. How we update
First Utah Bank is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 1978 (FDIC certificate 22738), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $840.3M, down 2.7% from Q2 2025, the 32nd largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.22% 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
- 22738
- Headquarters
- Salt Lake City, UT
- Established
- 1978
- Total assets, Q2 2026
- $840.3M
- Assets vs Q2 2025
- -2.7%
- Tier 1 leverage ratio, Q2 2026
- 10.22%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 124302613
- Latest call report
- Q2 2026, FFIEC 051 · First Utah Bank call report
- Holding company
- FIRST UTAH BANCORPORATION
- Asset rank in state
- 32nd of 44 in Utah
First Utah Bank, based in Salt Lake City, Utah, reported $840 million in assets at June 30, 2026, down 2.7% from a year earlier. It carries problem assets equal to 24.0% of the capital and reserves that would absorb them, 9.1 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 4.3% over the year, lower than about 9 in 10 banks its size (median 5.5%).
The non-owner-occupied commercial real estate book ($161 million) is worsening: 13.77% of it is past due or on nonaccrual, up from 1.66% a year earlier. The commercial and industrial book ($109 million) is worsening: 6.39% of it is past due or on nonaccrual, up from 3.89% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, First Utah Bank reported a return on assets of 0.71%, a nonperforming-loan ratio of 6.39% and a Texas ratio of 23.97%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Utah Bank is the 32nd largest of the 44 banks headquartered in Utah. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.7% to $840.3M, loans fell 3.8% and deposits fell 1.3%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 33.7% of total loans, followed by non-owner-occupied commercial real estate loans at 25.5%. Its 7 offices in the FDIC Summary of Deposits are in 6 cities in UT; its Salt Lake City 2 offices book 45% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Utah Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 3826 S 2300 E, Salt Lake City, UT 84109
- 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 19, 1978
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 110
- Domestic deposits
- $688.5M
- Allowance for credit losses
- $9.3M
- Net charge-offs (YTD)
- $3.4M
- Average total assets
- $841.8M
- Average total loans
- $619.0M
- Average interest-bearing deposits
- $559.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 19, 1978
- FDIC Cert
- 22738
- Fed RSSD
- 207872
- SEC CIK
- 1466584 → filed by FIRST UTAH BANCORPORATION
- Website
- www.firstutahbank.com →
- Parent Holding Company
- FIRST UTAH BANCORPORATION (RSSD 1027992)
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, First Utah Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Utah Bank's total assets ranged from $695.5M (Q3 2023) to $874.2M (Q4 2024), 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
$840.3M total assets against $863.3M; $754.9M total liabilities against $784.1M.
$625.2M net loans and leases against $654.3M; $688.5M total deposits against $710.4M.
$105.5M securities against $116.6M; $73.1M cash and balances due against $53.5M.
$13.8M total interest income against $14.1M; $4.5M total interest expense against $5.2M.
$9.3M net interest income against $8.9M.
$2.4M total noninterest income against $1.4M; $6.6M total noninterest expense against $6.8M.
$3.3M provision for credit losses against $1.1M.
$1.5M net income against $1.8M.
0.71% return on assets against 0.86%; 4.63% net interest margin against 4.36%.
10.22% tier 1 leverage ratio against 9.12%.
Inside the full First Utah 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
First Utah Bank rankings
Its closest position to the top of a national ranking is 113 of 3,640, for Texas Ratio; its furthest is 3,012 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.61% (Q3 2024) to 1.39% (Q1 2025) and its net interest margin ran from 4.33% (Q1 2026) to 4.84% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.22% | 0.71% | 6.39% | 23.97% | 4.63% |
| Q1 2026 | 9.99% | 0.77% | 6.06% | 27.68% | 4.33% |
| Q4 2025 | 9.58% | 0.95% | 4.59% | 27.90% | 4.78% |
| Q3 2025 | 9.37% | 1.34% | 3.13% | 23.07% | 4.72% |
| Q2 2025 | 9.12% | 0.86% | 3.31% | 25.01% | 4.36% |
| Q1 2025 | 9.00% | 1.39% | 1.52% | 10.21% | 4.64% |
| Q4 2024 | 9.21% | 1.04% | 1.14% | 14.54% | 4.84% |
| Q3 2024 | 9.48% | 0.61% | 0.88% | 11.77% | 4.66% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| First Utah Bank (main office) | Salt Lake City , UT | 84109 | $226.1M |
| Sandy Branch | Sandy , UT | 84070 | $138.8M |
| Midvale Branch | Midvale , UT | 84047 | $91.2M |
| City Center Branch | Salt Lake City , UT | 84115 | $86.1M |
| Riverton Office | Riverton , UT | 84096 | $72.8M |
| International Branch | West Valley City , UT | 84119 | $44.9M |
| Lehi Branch | Lehi , UT | 84043 | $28.7M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- September 23, 2009, Federal Reserve: Written Agreement: First Utah Bank, Salt Lake City, Utah
- Period: Most recent institution action September 23, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in UT, rank 35 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1 applications, 1 loans originated, $18.3M originated, across 1 states
- Period: Calendar year 2021. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 28 loans, $44.1M approved, $1.6M 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
- 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 First Utah Bank
What are First Utah Bank's total assets?
As of the Q2 2026 filing, First Utah Bank reported total assets of $840.3 million in its FFIEC call report.
Where is First Utah Bank headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was First Utah Bank founded?
It was established in 1978, per the FDIC institution directory.
Is First Utah Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22738). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Utah Bank?
First Utah Bank's primary federal regulator is the FDIC.
How many branches does First Utah Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Utah Bank's Texas Ratio?
Its Texas Ratio is 23.97% 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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