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Liquidity & Balance Sheet · Utah

US Banks with Highest Loan-to-Deposit Ratio in Utah

Ranked among banks headquartered in Utah. Re-ranked 1-40 within the state from the same national ranking population.

#1 Loan-to-Deposit Ratio: SQUARE FINANCIAL SERVICES, INC. — 229.65% . The Loan-to-Deposit Ratio (LTD) measures loans against deposits — a high ratio means deposits are fully deployed and the bank may rely on wholesale funding to grow loans.

Ranked: 40 banks with reported data Showing: Top 40 Source: FFIEC call reports (Q1 2026) What is this metric? See the US Banks with … glossary entry Go deeper: What Is the Loan-to-Deposit Ratio? A Bank Guide
# Bank HQ US Banks with … Total Assets
1 Square Financial Services, INC. Salt Lake City , UT 229.65% $1.80B
2 Merrick Bank South Jordan , UT 120.88% $8.93B
3 Medallion Bank Salt Lake City , UT 117.03% $2.65B
4 Celtic Bank Corporation Salt Lake City , UT 116.07% $4.97B
5 Bmw Bank of North America Salt Lake City , UT 113.15% $13.01B
6 Synchrony Bank Draper , UT 112.57% $114.86B
7 Comenity Capital Bank Draper , UT 109.83% $13.31B
8 Webbank Salt Lake City , UT 108.58% $2.59B
9 Sallie Mae Bank Salt Lake City , UT 103.62% $29.46B
10 Milestone Bank Salt Lake City , UT 102.78% $360.5M
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11 Bank of Utah Ogden , UT 101.81% $3.73B
12 Home Savings Bank Salt Lake City , UT 100.62% $111.4M
13 Continental Bank Salt Lake City , UT 100.53% $180.7M
14 Finwise Bank Murray , UT 100.42% $889.8M
15 Sunwest Bank Sandy , UT 100.31% $4.27B
16 American Express National Bank Sandy , UT 97.06% $217.57B
17 Thrivent Bank Salt Lake City , UT 96.96% $967.1M
18 Sofi Bank, N.A. Cottonwood Heights , UT 96.65% $49.67B
19 First Utah Bank Salt Lake City , UT 94.48% $846.5M
20 Quill Bank Provo , UT 91.35% $1.50B
21 Ally Bank Sandy , UT 89.63% $185.66B
22 Prime Alliance Bank Woods Cross , UT 89.49% $1.06B
23 Transportation Alliance Bank, INC. Dba Tab Bank Ogden , UT 88.45% $1.59B
24 Cache Valley Bank Logan , UT 84.48% $3.50B
25 UBS Bank USA, N.A. Salt Lake City , UT 83.20% $122.26B
26 State Bank of Southern Utah Cedar City , UT 81.82% $2.67B
27 Utah Independent Bank Salina , UT 80.33% $163.0M
28 Zions Bancorporation, N.A. Salt Lake City , UT 79.78% $87.96B
29 Brighton Bank Salt Lake City , UT 78.20% $317.1M
30 Central Bank Provo , UT 77.47% $2.15B
31 First Electronic Bank Salt Lake City , UT 74.78% $429.3M
32 Pitney Bowes Bank INC., the Salt Lake City , UT 67.12% $832.7M
33 Happen Bank, N.A. Lehi , UT 65.88% $11.85B
34 Nelnet Bank Draper , UT 64.66% $2.52B
35 Optum Bank, INC. Draper , UT 58.43% $21.00B
36 Wex Bank Sandy , UT 55.34% $9.53B
37 Grand Valley Bank Heber City , UT 52.11% $597.4M
38 Varo Bank, N.A. Draper , UT 45.75% $374.3M
39 Morgan Stanley Bank, N.A. Salt Lake City , UT 44.72% $391.31B
40 Green Dot Bank Provo , UT 1.34% $5.87B

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All data sourced from the most recent FFIEC call report filings, refreshed each quarter as new filings are processed. This leaderboard excludes banks with total assets under $100,000K to filter out anomalous micro-bank ratios. See /data-updates/ for the current data freshness window.

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