State Bank of Southern Utah

377 North Main
Cedar City, UT 84721

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17964
Date Established 1957
Assets $1.08 billion
Loans $0.71 billion
Deposits $0.91 billion
Capital $0.15 billion

State Bank of Southern Utah is an FDIC insured institution located in Cedar City, UT. It was founded in 1957 and has approximately $1.08 billion in assets. Customers can open an account at one of its 14 branches.

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

Bank Loan Profile?

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

Compared to other banks in Utah, State Bank of Southern Utah has a significantly higher percent of Construction and Development Loans, Commercial Real Estate, Farm 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.74
Multifamily
Mortgages
3.21
Credit Card Loans 0.51
Consumer Auto Loans 2.27
Small Business Loans 14.25
Construction and Development Loans 18.30
Commercial Real Estate 44.91
Commercial and Industrial Loans 11.33
Farm Loans 4.07

Deposit Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.60% $500 $24,999 Learn MoreShow Less
Money Market
0.75% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.50% $500 $249,999 Learn MoreShow Less
6 Mo CD
0.75% $500 $249,999 Learn MoreShow Less
1.76% $500 $249,999 Learn MoreShow Less
18 Mo CD
1.76% $500 - Learn MoreShow Less
24 Mo CD
1.76% $500 - Learn MoreShow Less
36 Mo CD
2.02% $500 - Learn MoreShow Less
48 Mo CD
2.27% $500 - Learn MoreShow Less
60 Mo CD
3.03% $500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
2.00% $1 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.13% $500 - Learn MoreShow Less

Loan Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
5 Year 3.99% 3.99% $460.30
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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.

Branches

State Bank of Southern 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:
Ashburn,Virginia


State Bank of Southern Utah Locations


Financial Details

State Bank of Southern Utah Ratio Analysis

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

Texas Ratio
State Bank of Southern Utah U.S. Bank Average
4.2% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, State Bank of Southern Utah had $6,017,000 in non-current loans and $630,000 in owned real estate. To cover these potential losses it had $148,828,000 in equity and $9,353,000 in loans loss reserves. That gives it a Texas Ratio of 4.2%.

Return on Equity
State Bank of Southern Utah U.S. Bank Average
14.99% 8.80%

State Bank of Southern Utah has a Return on Equity of 14.99% versus the BestCashCow average of 8.80%. 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.

Capitalization
State Bank of Southern Utah U.S. Bank Average
13.77% 12.29%

State Bank of Southern Utah has a Capitalization of 13.77% versus the BestCashCow average of 12.29. 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.

State Bank of Southern Utah Balance Sheet Analysis

As of December 31, 2018, State Bank of Southern Utah had assets of $1,080,838,000, loans of $708,419,000, and deposits of $907,806,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.01 billion
Total securities $0.28 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.71 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 $0.00 billion
All other assets $0.04 billion
     Total Assets $0.93 billion
LIABILITIES
Total deposits $0.91 billion
      Interest-bearing deposits $0.67 billion
      Deposits held in domestic offices $0.91 billion
      % insured (estimated) 80.81%
Federal funds purchased and repurchase agreements $0.01 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 $0.93 billion
      Shareholders’ Equity $0.15 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.05 billion
Total Interest Expense $0.00 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About State Bank Of Southern Utah

Branches and Savings

Is State Bank Of Southern Utah FDIC insured?

Yes. It is covered under FDIC Certificate #17964.

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

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

Why are State Bank Of Southern Utah CD rates not competitive?

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

Is State Bank Of Southern Utah a commercial bank?

Yes

Where are State Bank Of Southern Utah locations?

See branch locations nearby.

Is State Bank Of Southern Utah open on Saturdays?

Is State Bank Of Southern Utah open on Sundays?

What time does State Bank Of Southern Utah open?

What time does State Bank Of Southern Utah close?

Are State Bank Of Southern Utah ATMs Open 24/7?

Do State Bank Of Southern Utah ATMs accept cash deposits?

Can State Bank Of Southern Utah customers use other ATMs?

Do State Bank Of Southern Utah branches have notaries?

Will State Bank Of Southern Utah notarize my document?

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

Will the State Bank Of Southern Utah branch print checks?

Do State Bank Of Southern Utah checks expire?

Does State Bank Of Southern Utah require US citizenship to open account?

Can State Bank Of Southern Utah close my account?

Does State Bank Of Southern Utah Report to credit bureaus?

Does State Bank Of Southern Utah Use Equifax?

What is State Bank Of Southern Utah's ACH Routing Number?

What is State Bank Of Southern Utah's SWIFT code?

Products

Does State Bank Of Southern Utah offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does State Bank Of Southern Utah offer personal loans?

Compare personal loan rates here.

Does State Bank Of Southern Utah offer student loans?

Will State Bank Of Southern Utah cash a check?

Will State Bank Of Southern Utah redeem a savings bond?

Does State Bank Of Southern Utah cash savings bonds?

Will State Bank Of Southern Utah cash money orders?

Can State Bank Of Southern Utah issue a money order?

Does State Bank Of Southern Utah do currency exchange?

Background on The Bank

Who owns State Bank Of Southern Utah?

How long has State Bank Of Southern Utah been around?

Can State Bank Of Southern Utah transfer to other banks?

Does State Bank Of Southern Utah have quick pay?

Does State Bank Of Southern Utah accept rolled coins?

Will State Bank Of Southern Utah accept loose change?

Where is State Bank Of Southern Utah headquarters?

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