State Bank of Southern Utah
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Data as of · sourced from FFIEC call reports. How we update
State Bank of Southern Utah is an FDIC-insured commercial bank headquartered in Cedar City, UT, established in 1957 (FDIC certificate 17964), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.74B, up 3.8% from Q2 2025, the 23rd largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.04% 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
- 17964
- Headquarters
- Cedar City, UT
- Established
- 1957
- Total assets, Q2 2026
- $2.74B
- Assets vs Q2 2025
- +3.8%
- Tier 1 leverage ratio, Q2 2026
- 12.04%
- Domestic offices
- 17 FDIC institution directory, current count
- Routing number
- 124301779
- Latest call report
- Q2 2026, FFIEC 051 · State Bank of Southern Utah Q3 2026 call report, filed October 26, 2026 (preliminary)
- Holding company
- SOUTHERN UTAH BANCORPORATION
- Asset rank in state
- 23rd of 44 in Utah
State Bank of Southern Utah runs leaner than most banks of its size. Based in Cedar City, Utah, it had $2.7 billion in assets at June 30, 2026, up 3.8% from a year earlier. It spends about 47 cents to bring in each dollar of revenue, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also keeps 4.18 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.71 cents).
Net income for the quarter rose 19% from a year earlier, to $12 million. Paper losses on its bond portfolio are shrinking: unrealized losses of $21 million equal 7% of Tier 1 capital, down from 12% a year earlier.
As of June 30, 2026, State Bank of Southern Utah reported a return on assets of 1.70%, a nonperforming-loan ratio of 0.47% and a Texas ratio of 2.30%. The figures come from its call report filed with the FFIEC.
Of the 44 banks headquartered in Utah, State Bank of Southern Utah is the 23rd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.6% to $2.74B, loans rose 0.4% and deposits rose 2.3%. Non-owner-occupied commercial real estate loans made up 30.4% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 17.7%. The FDIC Summary of Deposits lists 17 offices for it, in 15 cities in UT; its Cedar City 2 offices book 39% of its branch deposits. Judged on its Q2 2026 call report, State Bank of Southern Utah meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 377 N Main St, Cedar City, UT 84721
- County
- Iron
- Metro Area
- Cedar City, 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
- November 25, 1957
- Domestic offices
- 17 FDIC institution directory, current count
- Employees (FTE)
- 306
- Domestic deposits
- $2.40B
- Allowance for credit losses
- $23.5M
- Net charge-offs (YTD)
- $2.5M
- Average total assets
- $2.72B
- Average total loans
- $1.92B
- Average interest-bearing deposits
- $1.81B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 2, 1959
- FDIC Cert
- 17964
- Fed RSSD
- 656470
- Website
- http://www.sbsu.com →
- Parent Holding Company
- SOUTHERN UTAH BANCORPORATION (RSSD 2169871)
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, State Bank of Southern Utah reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
State Bank of Southern Utah's total assets moved between a low of $2.33B (Q3 2023) and a high of $2.74B (Q2 2026) 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
$2.74B total assets against $2.64B; $2.43B total liabilities against $2.37B.
$1.90B net loans and leases against $1.82B; $2.40B total deposits against $2.26B.
$477.8M securities against $557.6M; $218.3M cash and balances due against $117.5M.
$39.2M total interest income against $36.2M; $12.5M total interest expense against $13.3M.
$26.7M net interest income against $22.8M.
$4.2M total noninterest income against $3.7M; $14.8M total noninterest expense against $12.2M.
$1.1M provision for credit losses against $1.0M.
$11.6M net income against $9.7M.
1.70% return on assets against 1.48%; 4.18% net interest margin against 3.70%.
12.04% tier 1 leverage ratio against 10.98%.
Inside the full State Bank of Southern Utah 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.
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.
State Bank of Southern Utah rankings
Its closest position to the top of a national ranking is 460 of 4,196, for total assets; its furthest is 2,135 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.99% (Q3 2024) to 1.82% (Q1 2026) and its net interest margin ran from 3.03% (Q3 2024) to 4.36% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.04% | 1.70% | 0.47% | 2.30% | 4.18% |
| Q1 2026 | 12.03% | 1.82% | 0.55% | 2.74% | 4.21% |
| Q4 2025 | 11.82% | 1.45% | 0.55% | 3.00% | 4.36% |
| Q3 2025 | 11.43% | 1.73% | 0.57% | 3.03% | 3.97% |
| Q2 2025 | 10.98% | 1.48% | 0.44% | 2.43% | 3.70% |
| Q1 2025 | 10.90% | 1.23% | 0.46% | 2.91% | 3.42% |
| Q4 2024 | 10.57% | 1.34% | 0.49% | 3.00% | 3.27% |
| Q3 2024 | 10.45% | 0.99% | 0.51% | 3.05% | 3.03% |
Swipe the table sideways to see every column.
Branch Network
View all 17 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 |
|---|---|---|---|
| State Bank of Southern Utah (main office) | Cedar City , UT | 84721 | $799.2M |
| St. George Branch | Saint George , UT | 84790 | $349.3M |
| Hurricane Office | Hurricane , UT | 84737 | $165.8M |
| Cedar City South Interchange Office | Cedar City , UT | 84720 | $136.7M |
| Gunnison Branch | Gunnison , UT | 84634 | $133.7M |
| Richfield Branch | Richfield , UT | 84701 | $130.0M |
| St. George Branch | St. George , UT | 84770 | $118.8M |
| Parowan Branch | Parowan , UT | 84761 | $94.7M |
| Kanab Branch | Kanab , UT | 84741 | $89.4M |
| Santa Clara Branch | Santa Clara , UT | 84765 | $83.0M |
| Delta | Delta , UT | 84624 | $61.5M |
| Orderville Branch | Orderville , UT | 84758 | $55.1M |
| Tropic Branch | Tropic , UT | 84776 | $48.9M |
| Fillmore Branch | Fillmore , UT | 84631 | $44.7M |
| Circleville Branch | Circleville , UT | 84723 | $44.4M |
| Washington Fields Branch | Saint George , UT | 84790 | $26.8M |
| Escalante | Escalante , UT | 84726 | $13.7M |
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 |
|---|---|---|---|
| February 9, 2019 | Structure Change | Acquired Gunnison Valley Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 8, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in UT, rank 26 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 812 applications, 603 loans originated, $126.0M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 17 loans, $3.3M approved, $196K 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 State Bank of Southern Utah
What are State Bank of Southern Utah's total assets?
As of the Q2 2026 filing, State Bank of Southern Utah reported total assets of $2.74 billion in its FFIEC call report.
Where is State Bank of Southern Utah headquartered?
It is headquartered in Cedar City, UT, United States.
When was State Bank of Southern Utah founded?
It was established in 1957, per the FDIC institution directory.
Is State Bank of Southern Utah FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17964). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank of Southern Utah?
State Bank of Southern Utah's primary federal regulator is the FDIC.
How many branches does State Bank of Southern Utah operate?
It operates 17 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Bank of Southern Utah's Texas Ratio?
Its Texas Ratio is 2.30% 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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