Brighton Bank


7101 Highland Drive
Salt Lake City, UT 84121
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Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Brighton Bank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 1978 and has approximately $0.27 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 22578
Date Established 1978
Assets $ 269.43 million
Loans $ 160.19 million
Deposits $ 239.24 million
Capital $ 29.15 million

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

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Brighton Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

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Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

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People's United Bank, N.A.
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Bethpage Federal Credit Union
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2.990 %
After Intro: 3.750 %
Intro Period: 12 months
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Note to Brighton Bank
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Financial Details

Brighton Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Brighton Bank. 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
Brighton Bank U.S. Bank Average
1.8% 5.49%

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 December 31, 2020, Brighton Bank had $564,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,154,000 in equity and $2,214,000 in loans loss reserves. That gives it a Texas Ratio of 1.8%.

Return on Equity
Brighton Bank U.S. Bank Average
22.32% 9.24%

Brighton Bank has a Return on Equity of 22.32% versus the BestCashCow average of 9.24%. 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.

Brighton Bank U.S. Bank Average
10.82% 11.96%

Brighton Bank has a Capitalization of 10.82% versus the BestCashCow average of 11.96. 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.

Brighton Bank Balance Sheet Analysis

As of December 31, 2020, Brighton Bank had assets of $269,430,000, loans of $160,192,000, and deposits of $239,240,000. 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

December 31, 2020
Cash & Balances due from depository institutions $ 59.18 million
Interest-bearing balances $ 51.89 million
Total securities $ 38.62 million
Federal funds sold and reverse repurchase $ 1.50 million
Net loans and leases $ 160.19 million
Loan loss allowance $ 2.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 7.14 million
     Total Assets $ 240.28 million
Total deposits $ 239.24 million
      Interest-bearing deposits $ 131.98 million
      Deposits held in domestic offices $ 239.24 million
      % insured (estimated) 65.09%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.04 million
      Total Liabilities $ 240.28 million
      Shareholders’ Equity $ 29.15 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 11.65 million
Total Interest Expense $ 0.26 million
Net interest income $ 11.39 million
Provision for loan and lease losses $ 0.19 million
Total non interest income $ 1.53 million
Total non interest expense $ 6.41 million
Pre-tax Net Operating Income $ 6.32 million

Bank Loan Profile?

The top three loan types in Brighton Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Construction and Development Loans.

Compared to other banks in Utah, Brighton Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, 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 10.57
Credit Card Loans 0.00
Consumer Auto Loans 0.18
Small Business Loans 18.58
Construction and Development Loans 17.83
Commercial Real Estate 47.60
Commercial and Industrial Loans 14.30
Farm Loans 0.00

Frequently Asked Questions About Brighton Bank

Branches and Savings

Is Brighton Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22578.

Why does Brighton Bank pay such low interest on savings accounts?

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

Why are Brighton Bank CD rates not competitive?

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

Is Brighton Bank a commercial bank?


Where are Brighton Bank locations?

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Does Brighton Bank offer mortgages?

Compare mortgage rates here.

Does Brighton Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Brighton Bank offer personal loans?

Compare personal loan rates here.

Does Brighton Bank offer student loans?

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Background on The Bank

Who owns Brighton Bank?

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