State Bank of Southern Utah
Cedar City, Utah · FDIC Cert #17964
State Bank of Southern Utah is an FDIC-insured bank (Certificate #17964) with $2.5B in total assets and $2.0B in total deposits as of the Q2 2024 Call Report. Headquartered in Cedar City, Utah, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 0.54%. BankHealthData assigns a composite Health Grade of C (58/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
State Bank of Southern Utah (FDIC cert 17964) is a mid-sized bank with $2.5B in total assets and $2.0B in deposits, based in Cedar City, Utah. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is normal: non-performing loan ratio of 0.54% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 31.7% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is solid: ROA of 1.08% 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 essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. State Bank of Southern Utah carries a composite BankHealth grade of C (58/100) 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: State Bank of Southern Utah
- Total Assets
- $2.5B
- Total Deposits
- $2.0B
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 0.54%
- Liquidity Ratio
- 31.65%
- Return on Assets
- 1.08%
- Headquarters
- Cedar City, Utah
- FDIC Certificate
- #17964
- Health Grade
- C (58/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, State Bank of Southern Utah holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject State Bank of Southern Utah to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
State Bank of Southern Utah shows average financial health. While not alarming, its Health Score of 58/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
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 State Bank of Southern Utah Compares
State Bank of Southern Utah’s Health Score of 58 is 11 points below the Utah state average of 69 across 41 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 0.54% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.08% is below the national ROA benchmark of ~1.1%. Among 511 similarly-sized banks, the average Health Score is 72, meaning this bank ranks below its size cohort. Site-wide, State Bank of Southern Utah is 12 points below the portfolio average of 70.
Frequently Asked Questions
State Bank of Southern Utah has a Bank Health Score of C (58/100), placing it in average financial health. It holds a Tier 1 capital ratio of 0.00%, which is below 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. State Bank of Southern Utah's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 0.54% indicate an average 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 State Bank of Southern Utah is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #17964). 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.
State Bank of Southern Utah holds $2.5B in total assets and $2.0B in total deposits. It is headquartered in Cedar City, Utah (FDIC Certificate #17964).
State Bank of Southern Utah has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.54%, and the return on assets is 1.08%.
Yes. State Bank of Southern Utah is FDIC-insured (Certificate #17964). 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 C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
State Bank of Southern Utah's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.