Bank of Utah

2605 Washington Blvd
Ogden, UT 84401

Notable Rates APY Vs.Others
Savings 0.10% 2.10% →
1-Year CD 1.35% 2.15% →
2-Year CD 1.50% 2.20% →
5-Year CD 1.65% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Bank of Utah is an FDIC insured institution located in Ogden, UT. It was founded in 1952 and has approximately $1.44 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 17159
Date Established 1952
Assets $1.44 billion
Loans $1.06 billion
Deposits $1.18 billion
Capital $0.19 billion

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 - February 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $19,999 Learn MoreShow Less
Money Market
0.07% $20,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.07% $5,000 $19,999 Learn MoreShow Less
Premium Money Market Account
0.12% $20,000 $49,999 Learn MoreShow Less
0.35% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.50% $100,000 - Learn MoreShow Less
0.65% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.85% $100,000 - Learn MoreShow Less
1.11% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.35% $100,000 - Learn MoreShow Less
18 Mo CD
1.11% $1,000 - Learn MoreShow Less
1.17% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.50% $100,000 - Learn MoreShow Less
30 Mo CD
1.22% $1,000 - Learn MoreShow Less
36 Mo CD
1.27% $1,000 - Learn MoreShow Less
48 Mo CD
1.45% $1,000 - Learn MoreShow Less
60 Mo CD
1.65% $1,000 - Learn MoreShow Less

Fixed IRA
2.02% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 $4,999 Learn MoreShow Less

Loan Rates - February 28, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 4.41% 4.24% $463.13

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.

Your Location:

Bank of Utah Locations

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
2.5% 6.70%

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, 2019, Bank of Utah had $13,000 in non-current loans and $4,965,000 in owned real estate. To cover these potential losses it had $187,019,000 in equity and $12,483,000 in loans loss reserves. That gives it a Texas Ratio of 2.5%.

Return on Equity
Bank of Utah U.S. Bank Average
17.19% 9.72%

Bank of Utah has a Return on Equity of 17.19% versus the BestCashCow average of 9.72%. 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
12.99% 12.89%

Bank of Utah has a Capitalization of 12.99% versus the BestCashCow average of 12.89. 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, 2019, Bank of Utah had assets of $1,440,083,000, loans of $1,057,680,000, and deposits of $1,176,179,000. 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, 2019
Cash & Balances due from depository institutions $0.17 billion
Interest-bearing balances $0.14 billion
Total securities $0.13 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $1.06 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.05 billion
     Total Assets $1.25 billion
Total deposits $1.18 billion
      Interest-bearing deposits $0.69 billion
      Deposits held in domestic offices $1.18 billion
      % insured (estimated) 47.59%
Federal funds purchased and repurchase agreements $0.06 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.25 billion
      Shareholders’ Equity $0.19 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.05 billion
Total Interest Expense $0.00 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.03 billion

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, Commercial Real Estate 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 7.21
Credit Card Loans 0.00
Consumer Auto Loans 0.28
Small Business Loans 0.00
Construction and Development Loans 19.38
Commercial Real Estate 47.39
Commercial and Industrial Loans 7.57
Farm Loans 0.52

Frequently Asked Questions About Bank Of Utah

Branches and Savings

Is Bank Of Utah FDIC insured?

Yes. It is covered under FDIC Certificate #17159.

Why does Bank Of Utah pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Utah CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Utah a commercial bank?


Where are Bank Of Utah locations?

See branch locations nearby.

Is Bank Of Utah open on Saturdays?

Is Bank Of Utah open on Sundays?

What time does Bank Of Utah open?

What time does Bank Of Utah close?

Are Bank Of Utah ATMs Open 24/7?

Do Bank Of Utah ATMs accept cash deposits?

Can Bank Of Utah customers use other ATMs?

Do Bank Of Utah branches have notaries?

Will Bank Of Utah notarize my document?

What address for Bank Of Utah should I put for incoming ACH transfers?

Will the Bank Of Utah branch print checks?

Do Bank Of Utah checks expire?

Does Bank Of Utah require US citizenship to open account?

Can Bank Of Utah close my account?

Does Bank Of Utah Report to credit bureaus?

Does Bank Of Utah Use Equifax?

What is Bank Of Utah's ACH Routing Number?

What is Bank Of Utah's SWIFT code?


Does Bank Of Utah offer mortgages?

Compare mortgage rates here.

Does Bank Of Utah offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Utah offer personal loans?

Compare personal loan rates here.

Does Bank Of Utah offer student loans?

Will Bank Of Utah cash a check?

Will Bank Of Utah redeem a savings bond?

Does Bank Of Utah cash savings bonds?

Will Bank Of Utah cash money orders?

Can Bank Of Utah issue a money order?

Does Bank Of Utah do currency exchange?

Background on The Bank

Who owns Bank Of Utah?

How long has Bank Of Utah been around?

Can Bank Of Utah transfer to other banks?

Does Bank Of Utah have quick pay?

Does Bank Of Utah accept rolled coins?

Will Bank Of Utah accept loose change?

Where is Bank Of Utah headquarters?

Customer Reviews for Bank of Utah

  • August 03, 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.

Add Your Review

Rate it here →