First Utah Bank
Salt Lake City, Utah · FDIC Cert #22738
First Utah Bank is an FDIC-insured bank (Certificate #22738) with $753M in total assets and $625M in total deposits as of the Q2 2024 Call Report. Headquartered in Salt Lake City, Utah, the bank maintains a Tier 1 capital ratio of 11.99% (Well-Capitalized) and a nonperforming loan ratio of 1.46%. BankHealthData assigns a composite Health Grade of B (73/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Utah Bank (FDIC cert 22738) is a community bank — $753M in total assets, $625M in deposits, serving the Salt Lake City, Utah area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 11.99% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 1.46% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 21.6% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 1.49% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. First Utah Bank carries a composite BankHealth grade of B (73/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Utah Bank
- Total Assets
- $753M
- Total Deposits
- $625M
- Tier 1 Capital Ratio
- 11.99%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.46%
- Liquidity Ratio
- 21.59%
- Return on Assets
- 1.49%
- Headquarters
- Salt Lake City, Utah
- FDIC Certificate
- #22738
- Health Grade
- B (73/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
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
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.
How First Utah Bank Compares
First Utah Bank’s Health Score of 73 is 4 points above the Utah state average of 69 across 41 FDIC-insured banks. Its 11.99% Tier 1 capital ratio is 2.0 points below the US banking industry average near 14%. The 1.46% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.49% is in line with or above the national ROA benchmark of ~1.1%. Among 1202 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort. Site-wide, First Utah Bank is 3 points above the portfolio average of 70.
Frequently Asked Questions
First Utah Bank has a Bank Health Score of B (73/100), placing it in solid financial health. 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.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Utah Bank's Tier 1 capital ratio of 11.99% and nonperforming loan ratio of 1.46% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Utah Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #22738). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Utah Bank holds $753M in total assets and $625M in total deposits. It is headquartered 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." Federal regulators consider 8% the threshold for "well-capitalized." The bank's 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 — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Utah Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.