Milestone Bank
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Data as of · sourced from FFIEC call reports. How we update
Milestone Bank is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2006 (FDIC certificate 58148), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $342.2M, down 12.5% from Q2 2025, the 36th largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.01% 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
- 58148
- Headquarters
- Salt Lake City, UT
- Established
- 2006
- Total assets, Q2 2026
- $342.2M
- Assets vs Q2 2025
- -12.5%
- Tier 1 leverage ratio, Q2 2026
- 15.01%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124385180
- Holding company
- LEASE CORPORATION OF AMERICA
- Asset rank in state
- 36th of 44 in Utah
Problem loans are rising at Milestone Bank. Based in Salt Lake City, Utah, it had $342 million in assets at June 30, 2026, down 12.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.98% of loans from 1.28% a year earlier. It keeps 5.43 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it pays an average of 3.91% on its deposits and borrowings, about double the median of 1.80% for banks its size.
Earnings fell sharply: quarterly net income of $796,000 was 49% below a year earlier. The commercial and industrial book ($231 million) is worsening: 6.11% of it is past due or on nonaccrual, up from 2.04% a year earlier. Credit is the area to watch: it carries problem assets equal to 24.8% of the capital and reserves that would absorb them, 9.4 times the median of 2.6% for banks its size.
As of June 30, 2026, Milestone Bank reported a return on assets of 0.91%, a nonperforming-loan ratio of 5.32% and a Texas ratio of 24.80%. The figures come from its call report filed with the FFIEC.
Milestone Bank ranks as the 36th largest of the 44 banks based in Utah, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 5.1% to $342.2M, loans fell 3.7% and deposits fell 5.5%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 78.2% of total loans, ahead of construction and land development loans at 8.5%. Its one office in the FDIC Summary of Deposits is in Salt Lake City, UT. Judged on its Q2 2026 call report, Milestone Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 310 South Main St., Suite 900, Salt Lake City, UT 84101
- 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
- January 26, 2006
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 64
- Domestic deposits
- $282.8M
- Allowance for credit losses
- $7.1M
- Net charge-offs (YTD)
- $5.4M
- Average total assets
- $350.0M
- Average total loans
- $291.9M
- Average interest-bearing deposits
- $289.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 26, 2006
- FDIC Cert
- 58148
- Fed RSSD
- 3407084
- SEC CIK
- 1877799 → filed by LEASE CORPORATION OF AMERICA
- Website
- www.milestonebank.com →
- Parent Holding Company
- LEASE CORPORATION OF AMERICA (RSSD 4841500)
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, Milestone 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, Milestone Bank's total assets ranged from $286.5M (Q3 2023) to $403.0M (Q3 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$342.2M total assets against $391.0M; $289.0M total liabilities against $340.6M.
$289.1M net loans and leases against $355.7M; $282.8M total deposits against $328.6M.
$3.2M securities against $2.3M; $37.6M cash and balances due against $25.1M.
$7.6M total interest income against $9.6M; $2.9M total interest expense against $3.2M.
$4.7M net interest income against $6.4M.
$1.9M total noninterest income against $865K; $4.1M total noninterest expense against $3.1M.
$1.4M provision for credit losses against $2.0M.
$796K net income against $1.6M.
0.91% return on assets against 1.65%; 5.43% net interest margin against 6.82%.
15.01% tier 1 leverage ratio against 13.14%.
Inside the full Milestone 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.
Milestone Bank rankings
Its closest position to the top of a national ranking is 104 of 3,640, for Texas Ratio; its furthest is 2,693 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.52% (Q4 2025) to 2.20% (Q1 2025) and its net interest margin ran from 5.43% (Q2 2026) to 6.82% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.01% | 0.91% | 5.32% | 24.80% | 5.43% |
| Q1 2026 | 13.97% | 0.48% | 4.65% | 22.35% | 5.65% |
| Q4 2025 | 13.53% | -0.52% | 3.81% | 20.67% | 6.05% |
| Q3 2025 | 13.24% | 1.78% | 1.04% | 5.70% | 6.49% |
| Q2 2025 | 13.14% | 1.65% | 1.38% | 8.08% | 6.82% |
| Q1 2025 | 13.41% | 2.20% | 0.83% | 5.08% | 6.77% |
| Q4 2024 | 12.18% | 1.04% | 0.81% | 5.02% | 5.69% |
| Q3 2024 | 11.76% | 1.25% | 1.11% | 6.44% | 6.10% |
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 |
|---|---|---|---|
| Milestone Bank (main office) | Salt Lake City , UT | 84101 | $282.8M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in UT, rank 44 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 48 loans, $70.5M approved, $1.5M 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, 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 Milestone Bank
What are Milestone Bank's total assets?
As of the Q2 2026 filing, Milestone Bank reported total assets of $342.2 million in its FFIEC call report.
Where is Milestone Bank headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was Milestone Bank founded?
It was established in 2006, per the FDIC institution directory.
Is Milestone Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58148). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Milestone Bank?
Milestone Bank's primary federal regulator is the FDIC.
How many branches does Milestone 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 Milestone Bank's Texas Ratio?
Its Texas Ratio is 24.80% 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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