Asset Quality ranking · Utah · Call report data as of September 30, 2026
Utah Banks: Highest CRE Delinquency
Finwise Bank has the highest commercial real estate noncurrent rate of the 23 ranked banks headquartered in Utah, at 12.20% as of September 30, 2026. The median among the 23 ranked Utah banks is 0.17%, against 0.19% for all US banks. That top value sits far outside the middle half of ranked banks (0.00% to 2.19%). A rate this far from the middle usually comes from a few large problem loans or from lending to borrowers with lower credit scores, so read it beside the bank's dollar amounts and its trend.
This list ranks Utah banks by commercial real estate noncurrent rate. For the largest banks headquartered in Utah, see largest banks in Utah.
- No. 1 in Utah
- Finwise Bank
- Its CRE noncurrent
- 12.20%
- Utah median
- 0.17%
- Banks ranked
- 23
Ranked among banks headquartered in Utah, numbered 1 to 23 within the state from the same population as the national list. Browse every bank in the Utah bank directory.
Top 23 Utah banks by commercial real estate noncurrent rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the Utah median of 0.17%. Missing values show as a dash and sort last.
| 1 | Finwise Bank Murray, UT | 12.20% | $928.2M $100M to $1B |
| 2 | First Utah Bank Salt Lake City, UT | 5.64% | $810.8M $100M to $1B |
| 3 | Morgan Stanley Bank, N.A. Salt Lake City, UT | 5.00% | $430.13B $100B and over |
| 4 | Celtic Bank Corporation Salt Lake City, UT | 4.15% | $5.81B $1B to $10B |
| 5 | Utah Independent Bank Salina, UT | 3.15% | $177.6M $100M to $1B |
| 6 | Quill Bank Pleasant Grove, UT | 3.00% | $1.70B $1B to $10B |
| 7 | Happen Bank, N.A. Lehi, UT | 1.37% | $13.23B $10B to $100B |
| 8 | Zions Bancorporation, N.A. Salt Lake City, UT | 0.47% | $90.92B $10B to $100B |
| 9 | Sunwest Bank Sandy, UT | 0.42% | $5.43B $1B to $10B |
| 10 | UBS Bank USA, N.A. Salt Lake City, UT | 0.37% | $127.28B $100B and over |
| 11 | State Bank of Southern Utah Cedar City, UT | 0.31% | $2.78B $1B to $10B |
| 12 | Cache Valley Bank Logan, UT | 0.17% | $3.70B $1B to $10B |
| 13 | Ally Bank Sandy, UT | 0.02% | $191.89B $100B and over |
| 14 | Optum Bank, Inc. Draper, UT | 0.00% | $22.38B $10B to $100B |
| 15 | Bank of Utah Ogden, UT | 0.00% | $3.85B $1B to $10B |
| 16 | Column N.A. Salt Lake City, UT | 0.00% | $2.30B $1B to $10B |
| 17 | Central Bank Provo, UT | 0.00% | $2.16B $1B to $10B |
| 18 | Transportation Alliance Bank, Inc. dba Tab Bank Ogden, UT | 0.00% | $1.54B $1B to $10B |
| 19 | Prime Alliance Bank Woods Cross, UT | 0.00% | $1.20B $1B to $10B |
| 20 | Thrivent Bank Salt Lake City, UT | 0.00% | $889.2M $100M to $1B |
| 21 | Grand Valley Bank Heber City, UT | 0.00% | $596.1M $100M to $1B |
| 22 | Brighton Bank Salt Lake City, UT | 0.00% | $321.0M $100M to $1B |
| 23 | Home Savings Bank Salt Lake City, UT | 0.00% | $114.8M $100M to $1B |
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Definition and formula
The commercial real estate (CRE) noncurrent rate on this list is the share of a bank's loans secured by nonfarm nonresidential property, such as offices, stores, warehouses and hotels, that are on nonaccrual or 90 or more days past due and still accruing. Owner-occupied and investor-owned property are both included. Multifamily and construction loans are reported on their own lines of the call report and are not.
CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans
The glossary entry for Commercial Real Estate Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 23 banks headquartered in Utah that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in nonfarm nonresidential (commercial property) loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the CRE noncurrent rate
The rate rises when tenants leave or rents fall far enough that a property's income no longer covers its loan payments, as has happened to many office buildings since 2020, and when a maturing loan cannot be refinanced at current rates. Owner-occupied loans depend more on the borrower's business than on the building, so a bank whose book is mostly owner-occupied tends to run a lower rate. A single large loan can move a small bank's rate by several points, so compare it with the dollar amounts and the trend.
Frequently asked questions
Which bank in Utah has the highest commercial real estate noncurrent rate?
Finwise Bank has the highest commercial real estate noncurrent rate of the 23 ranked banks headquartered in Utah, at 12.20% as of September 30, 2026, according to its FFIEC call report. First Utah Bank ranks second at 5.64%. The median is 0.17%.
What is the median CRE noncurrent rate among ranked US banks?
As of Q3 2026, CRE noncurrent rate for the middle half of the 2,776 ranked US banks ran from 0.00% to 1.05%, and the median was 0.19%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Commercial Real Estate Loans glossary entry.
How is the CRE noncurrent rate calculated?
CRE noncurrent rate = (Nonfarm nonresidential loans on nonaccrual + Nonfarm nonresidential loans 90+ days past due and still accruing) / Nonfarm nonresidential loans. Each bank charter is ranked on its own; holding companies are not combined. See the Commercial Real Estate Loans glossary entry.
The same ranking in other states
Other Utah rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
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