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BankHealth

FIRST UTAH BANK

SALT LAKE CITY, UTAH · FDIC Cert #22738

B
Health Score
73/100
$753M
Total Assets
$625M
Total Deposits
11.99%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, FIRST UTAH BANK holds a Tier 1 capital ratio of 11.99%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning FIRST UTAH BANK has a strong buffer to absorb potential losses.

Key Financial Metrics

1.46%
Nonperforming Loans
Moderate — some loan stress
21.59%
Liquidity Ratio
Strong — can meet withdrawal demands
1.49%
Return on Assets
Profitable — earning well on assets
$625M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

FIRST UTAH BANK shows strong financial health indicators. With $753M in assets and a Health Score of 73/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.

Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.

Frequently Asked Questions

FIRST UTAH BANK has a Bank Health Score of B (73/100). It holds a Tier 1 capital ratio of 11.99%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.

FIRST UTAH BANK holds $753M in total assets and $625M in total deposits. It is located in SALT LAKE CITY, UTAH (FDIC Certificate #22738).

FIRST UTAH BANK has a Tier 1 capital ratio of 11.99%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 1.46%, and the return on assets is 1.49%.

Yes. FIRST UTAH BANK is FDIC-insured (Certificate #22738). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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