Bank of Utah


2605 Washington Blvd
Ogden, UT 84401
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC 6.49% 0.99% →

2024 Overview

General Bank Information

Bank of Utah is an FDIC insured institution located in Ogden, UT. It was founded in 1952 and has approximately $2.83 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 17159
Date Established 1952
Assets $ 2.83 billion
Loans $ 2.09 billion
Deposits $ 2.22 billion
Capital $ 355.53 million

For a more detailed analysis of Bank of Utah's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - March 2, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - March 2, 2024

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 5.51% 5.24% $751.97
5 Year 5.66% 5.49% $477.41
6 Year 5.88% 5.74% $411.26

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Bank of Utah branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Climate Initiatives

Bank of Utah is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bank of Utah Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Utah. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Utah U.S. Bank Average
0% 4.13%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2023, Bank of Utah had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $355,526,000 in equity and $29,327,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of Utah U.S. Bank Average
11.75% 26.02%

Bank of Utah has a Return on Equity of 11.75% versus the BestCashCow average of 26.02%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank of Utah U.S. Bank Average
12.55% 10.23%

Bank of Utah has a Capitalization of 12.55% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Utah Balance Sheet Analysis

As of September 30, 2023, Bank of Utah had assets of $2,832,249,000, loans of $2,093,702,000, and deposits of $2,224,427,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2023
Cash & Balances due from depository institutions $ 219.54 million
Interest-bearing balances $ 192.21 million
Total securities $ 358.58 million
Federal funds sold and reverse repurchase $ 0.39 million
Net loans and leases $ 2.09 billion
Loan loss allowance $ 29.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 9.00 million
All other assets $ 78.22 million
     Total Assets $ 2.48 billion
Total deposits $ 2.22 billion
      Interest-bearing deposits $ 1,269.60 million
      Deposits held in domestic offices $ 2.22 billion
      % insured (estimated) 11.23%
Federal funds purchased and repurchase agreements $ 159.28 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 35.13 million
      Total Liabilities $ 2.48 billion
      Shareholders’ Equity $ 355.53 million

Summary Income Statement

September 30, 2023
Total Interest Income $ 92.78 million
Total Interest Expense $ 21.04 million
Net interest income $ 71.73 million
Provision for loan and lease losses $ 4.79 million
Total non interest income $ 17.12 million
Total non interest expense $ 45.84 million
Pre-tax Net Operating Income $ 19.57 million

Bank Loan Profile?

The top three loan types in Bank of Utah’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Commercial and Industrial Loans.

Compared to other banks in Utah, Bank of Utah has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.67
Credit Card Loans 0.00
Consumer Auto Loans 0.18
Small Business Loans 0.00
Construction and Development Loans 13.82
Commercial Real Estate 31.36
Commercial and Industrial Loans 5.53
Farm Loans 0.13

Customer Reviews for Bank of Utah

  • August 3, 2017 |

    CDs 60 Month Rates

    BoU's Bountiful branch on 5th W 1st S today had a sign posted outside listing CDs at 3.00% for 12 mos and 4.75% for 60 mos. However, no one would answer or return calls at this branch and the bank's Roy branch was stunned to learn of its sister branch's changed rates. Calls to the Bountiful Branch Manager to verify went unanswered, as well. ????? We'd rate 5 stars if their A-frame double-sided CD rates are, indeed, factual, but only two stars for their inaccessibility and neglect in returning and / or answering calls, even from sister branches who tried with us on the line to verify their rates.

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