Utah Independent Bank
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Data as of · sourced from FFIEC call reports. How we update
Utah Independent Bank is an FDIC-insured commercial bank headquartered in Salina, UT, established in 1977 (FDIC certificate 22514), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $170.9M, up 7.8% from Q2 2025, the 40th largest of 44 banks headquartered in Utah. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.31% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 22514
- Headquarters
- Salina, UT
- Established
- 1977
- Total assets, Q2 2026
- $170.9M
- Assets vs Q2 2025
- +7.8%
- Tier 1 leverage ratio, Q2 2026
- 16.31%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 124302464
- Latest call report
- Q2 2026, FFIEC 051 · Utah Independent Bank call report
- Asset rank in state
- 40th of 44 in Utah
Utah Independent Bank is one of the more profitable banks of its size. It reported $171 million in assets at June 30, 2026, up 7.8% from a year earlier. It earns about $3.53 a year on every $100 of assets, about triple the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 41 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $1.4 million, 133% above the same quarter a year earlier. Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.82% of loans from 3.84%. Credit is the area to watch: it carries problem assets equal to 8.1% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, Utah Independent Bank reported a return on assets of 3.53%, a nonperforming-loan ratio of 1.82% and a Texas ratio of 8.07%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Utah Independent Bank is the 40th largest of the 44 banks headquartered in Utah. From Q1 2026 to Q2 2026, its total assets rose 4.8% to $170.9M, loans rose 10.4% and deposits rose 4.9%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 22.9% of total loans, followed by construction and land development loans at 22.5%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in UT; its Beaver office books 52% of its branch deposits. On its Q2 2026 call report, Utah Independent Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 55 S State St, Salina, UT 84654
- County
- Sevier
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 29, 1977
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 24
- Domestic deposits
- $143.2M
- Allowance for credit losses
- $1.5M
- Net charge-offs (YTD)
- -$42K
- Average total assets
- $164.1M
- Average total loans
- $115.1M
- Average interest-bearing deposits
- $88.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 29, 1977
- FDIC Cert
- 22514
- Fed RSSD
- 256179
- Website
- www.uib.bank →
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, Utah Independent Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Utah Independent Bank's total assets ran between $131.7M (Q4 2023) and $170.9M (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
$170.9M total assets against $158.4M; $145.0M total liabilities against $135.8M.
$119.7M net loans and leases against $100.2M; $143.2M total deposits against $134.0M.
$17.8M securities against $21.2M; $25.4M cash and balances due against $29.1M.
$3.1M total interest income against $2.9M; $494K total interest expense against $516K.
$2.6M net interest income against $2.4M.
$156K total noninterest income against $165K; $1.1M total noninterest expense against $1.2M.
$166K provision for credit losses against $745K.
$1.4M net income against $623K.
3.53% return on assets against 1.55%; 6.68% net interest margin against 6.35%.
16.31% tier 1 leverage ratio against 14.82%.
Inside the full Utah Independent Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeUtah Independent Bank rankings
Its closest position to the top of a national ranking is 33 of 3,611, for ROA; its furthest is 3,158 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.55% (Q2 2025) to 3.53% (Q2 2026) and its net interest margin ran from 6.32% (Q1 2025) to 7.02% (Q1 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.31% | 3.53% | 1.82% | 8.07% | 6.68% |
| Q1 2026 | 15.89% | 3.46% | 0.78% | 3.31% | 7.02% |
| Q4 2025 | 14.71% | 2.27% | 0.50% | 2.29% | 6.88% |
| Q3 2025 | 15.45% | 2.97% | 0.68% | 2.84% | 6.65% |
| Q2 2025 | 14.82% | 1.55% | 3.84% | 18.60% | 6.35% |
| Q1 2025 | 14.96% | 3.42% | 3.40% | 14.62% | 6.32% |
| Q4 2024 | 14.00% | 2.04% | 3.49% | 15.39% | 6.34% |
| Q3 2024 | 15.68% | 3.22% | 2.78% | 11.45% | 6.37% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Beaver Branch | Beaver , UT | 84713 | $74.3M |
| Utah Independent Bank (main office) | Salina , UT | 84654 | $35.8M |
| Monroe Branch | Monroe , UT | 84754 | $17.1M |
| Milford Branch | Milford , UT | 84751 | $16.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in UT, rank 51 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $3.0M approved, $3.0M 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 Utah Independent Bank
What are Utah Independent Bank's total assets?
As of the Q2 2026 filing, Utah Independent Bank reported total assets of $170.9 million in its FFIEC call report.
Where is Utah Independent Bank headquartered?
It is headquartered in Salina, UT, United States.
When was Utah Independent Bank founded?
It was established in 1977, per the FDIC institution directory.
Is Utah Independent Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #22514). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Utah Independent Bank?
Utah Independent Bank's primary federal regulator is the Federal Reserve.
How many branches does Utah Independent Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Utah Independent Bank's Texas Ratio?
Its Texas Ratio is 8.07% 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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