Thrivent Bank
BankRegReports is independent of Thrivent Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Thrivent Bank is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2025 (FDIC certificate 59286), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $905.6M, down 16.8% from Q2 2025, the 31st largest of 44 banks headquartered in Utah.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59286
- Headquarters
- Salt Lake City, UT
- Established
- 2025
- Total assets, Q2 2026
- $905.6M
- Assets vs Q2 2025
- -16.8%
- Capital ratio
- Not reported
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124085448
- Holding company
- THRIVENT FINANCIAL FOR LUTHERANS
- Asset rank in state
- 31st of 44 in Utah
Thrivent Bank spends more to run itself than most banks of its size. Based in Salt Lake City, Utah, it had $906 million in assets at June 30, 2026, down 16.8% from a year earlier. It loses about $2.38 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 156 cents to bring in each dollar of revenue, 2.6 times the median of 61 cents for banks its size.
It lost $6.4 million in the quarter. Over the same year, loans grew 3.6% and deposits shrank 14.6%.
As of June 30, 2026, Thrivent Bank reported a CET1 capital ratio of 55.55%, a return on assets of -2.38%, a nonperforming-loan ratio of 0.26% and a Texas ratio of 0.47%. The figures come from its call report filed with the FFIEC.
Thrivent Bank ranks as the 31st largest of the 44 banks based in Utah, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 6.4% to $905.6M, loans fell 0.6% and deposits fell 8.0%. 1-4 family residential loans made up 38.2% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 19.2%. The FDIC Summary of Deposits lists a single office for it, in Salt Lake City, UT. Judged on its Q2 2026 call report, Thrivent Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2855 E Cottonwood Pkwy, Salt Lake City, UT 84121
- 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
- June 1, 2025
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 149
- Domestic deposits
- $548.1M
- Allowance for credit losses
- $2.7M
- Net charge-offs (YTD)
- $793K
- Average total assets
- $1.08B
- Average total loans
- $579.3M
- Average interest-bearing deposits
- $575.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- June 1, 2025
- FDIC Cert
- 59286
- Fed RSSD
- 4457536
- SEC CIK
- 314984 → filed by THRIVENT FINANCIAL FOR LUTHERANS
- NCUA Charter
- 24849
- Website
- www.thriventbank.com →
- Parent Holding Company
- THRIVENT FINANCIAL FOR LUTHERANS (RSSD 3173736)
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
Thrivent Bank's total assets moved between a low of $905.6M (Q2 2026) and a high of $1.05B (Q3 2025) from Q3 2025 to Q2 2026, and it earned a profit in 1 of the 4 quarters. How these charts are built
$905.6M total assets; $573.2M total liabilities.
$571.5M net loans and leases; $548.1M total deposits.
$167.5M securities; $122.3M cash and balances due.
$15.0M total interest income; $2.8M total interest expense.
$12.2M net interest income.
$920K total noninterest income; $21.3M total noninterest expense.
$470K provision for credit losses.
-$6.4M net income.
-2.38% return on assets; 4.74% net interest margin.
55.55% CET1 capital ratio; 29.76% tier 1 leverage ratio.
Inside the full Thrivent 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.
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.
Thrivent Bank rankings
Its closest position to the top of a national ranking is 1,129 of 4,196, for total assets; its furthest is 3,602 of 3,606, for efficiency ratio.
Quarterly trend: last 5 quarters
From Q2 2025 to Q2 2026, its return on assets ran from -12.26% (Q2 2025) to 0.22% (Q3 2025) and its net interest margin ran from 1.82% (Q2 2025) to 4.98% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 55.55% | -2.38% | 0.26% | 0.47% | 4.74% |
| Q1 2026 | 55.81% | -0.49% | 0.25% | 0.44% | 4.84% |
| Q4 2025 | 56.10% | -0.22% | 0.25% | 0.44% | 4.95% |
| Q3 2025 | 58.08% | 0.22% | 0.21% | 0.36% | 4.98% |
| Q2 2025 | 57.97% | -12.26% | 0.23% | 0.39% | 1.82% |
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 |
|---|---|---|---|
| Thrivent Bank (main office) | Salt Lake City , UT | 84121 | $548.1M |
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 |
|---|---|---|---|
| June 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 31, 2025 | Structure Change | Merged into surviving credit union (medium confidence) | NCUA |
| December 31, 2012 | Structure Change | Credit union began filing the 5300 (new/converted charter) | NCUA |
| December 1, 2012 | Structure Change | Acquired Thrivent Trust Co. Split for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in UT, rank 38 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 Thrivent Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Thrivent Bank
What are Thrivent Bank's total assets?
As of the Q2 2026 filing, Thrivent Bank reported total assets of $905.6 million in its FFIEC call report.
Where is Thrivent Bank headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was Thrivent Bank founded?
It was established in 2025, per the FDIC institution directory.
Is Thrivent Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59286). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Thrivent Bank?
Thrivent Bank's primary federal regulator is the FDIC.
What is Thrivent Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 55.55% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Thrivent 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 Thrivent Bank's Texas Ratio?
Its Texas Ratio is 0.47% 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 Thrivent Bank.
Get an email when Thrivent Bank files its next call report, and benchmark it against any peer you choose.
Unlock Thrivent Bank, freeFree account