First Utah Bank


3826 South 2300 East
Salt Lake City, UT 84109
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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

First Utah Bank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 1978 and has approximately $0.62 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 22738
Date Established 1978
Assets $ 622.15 million
Loans $ 460.24 million
Deposits $ 532.84 million
Capital $ 57.40 million

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

Checking Rates APY MIN FEE
Interest Checking 0.15% $0 $0.00 Learn MoreShow Less

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First Utah Bank

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

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.359% 3.250%
0.88 points
$3,438 fees
$1,089 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
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Note to First Utah Bank
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First Utah Bank Locations

Financial Details

First Utah Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Utah 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
First Utah Bank U.S. Bank Average
6.81% 5.29%

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 March 31, 2021, First Utah Bank had $4,392,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $57,402,000 in equity and $7,105,000 in loans loss reserves. That gives it a Texas Ratio of 6.81%.

Return on Equity
First Utah Bank U.S. Bank Average
15.09% 11.43%

First Utah Bank has a Return on Equity of 15.09% versus the BestCashCow average of 11.43%. 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.

First Utah Bank U.S. Bank Average
9.23% 11.51%

First Utah Bank has a Capitalization of 9.23% versus the BestCashCow average of 11.51. 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.

First Utah Bank Balance Sheet Analysis

As of March 31, 2021, First Utah Bank had assets of $622,146,000, loans of $460,243,000, and deposits of $532,839,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 89.79 million
Interest-bearing balances $ 83.81 million
Total securities $ 41.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 460.24 million
Loan loss allowance $ 7.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.12 million
All other assets $ 15.19 million
     Total Assets $ 564.74 million
Total deposits $ 532.84 million
      Interest-bearing deposits $ 309.48 million
      Deposits held in domestic offices $ 532.84 million
      % insured (estimated) 71.87%
Federal funds purchased and repurchase agreements $ 12.47 million
Trading liabilities N.A.
Other borrowed funds $ 15.00 million
Subordinated debt N.A.
All other liabilities $ 4.44 million
      Total Liabilities $ 564.74 million
      Shareholders’ Equity $ 57.40 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 6.18 million
Total Interest Expense $ 0.64 million
Net interest income $ 5.54 million
Provision for loan and lease losses $ 1.56 million
Total non interest income $ 3.62 million
Total non interest expense $ 4.76 million
Pre-tax Net Operating Income $ 2.83 million

Bank Loan Profile?

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

Compared to other banks in Utah, First Utah Bank has a significantly higher percent of 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 2.06
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 11.05
Commercial Real Estate 38.56
Commercial and Industrial Loans 34.73
Farm Loans 0.00

Frequently Asked Questions About First Utah Bank

Branches and Savings

Is First Utah Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22738.

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

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

Why are First Utah Bank CD rates not competitive?

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

Is First Utah Bank a commercial bank?


Where are First Utah Bank locations?

See branch locations nearby.

Is First Utah Bank open on Saturdays?

Is First Utah Bank open on Sundays?

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Are First Utah Bank ATMs Open 24/7?

Do First Utah Bank ATMs accept cash deposits?

Can First Utah Bank customers use other ATMs?

Do First Utah Bank branches have notaries?

Will First Utah Bank notarize my document?

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

Will the First Utah Bank branch print checks?

Do First Utah Bank checks expire?

Does First Utah Bank require US citizenship to open account?

Can First Utah Bank close my account?

Does First Utah Bank Report to credit bureaus?

Does First Utah Bank Use Equifax?

What is First Utah Bank's ACH Routing Number?

What is First Utah Bank's SWIFT code?


Does First Utah Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Utah Bank offer personal loans?

Compare personal loan rates here.

Does First Utah Bank offer student loans?

Will First Utah Bank cash a check?

Will First Utah Bank redeem a savings bond?

Does First Utah Bank cash savings bonds?

Will First Utah Bank cash money orders?

Can First Utah Bank issue a money order?

Does First Utah Bank do currency exchange?

Background on The Bank

Who owns First Utah Bank?

How long has First Utah Bank been around?

Can First Utah Bank transfer to other banks?

Does First Utah Bank have quick pay?

Does First Utah Bank accept rolled coins?

Will First Utah Bank accept loose change?

Where is First Utah Bank headquarters?

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