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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Utah, the state note

Bank of Utah

Ogden, Utah · $3.79B in assets · beside the 5 other Utah banks between $3B and $10B

The filing

0.15%
NPA / loans
1st of 6
45.5%
CRE / loans
6th of 6
1.32%
ROA
6th of 6

Bank of Utah is the fifth largest of the 6 Utah banks between $3B and $10B, with $3.79B in assets at 30 June 2026. Loans are 100.4% of deposits, 3rd of 6 against a median of 102.1%, and equity is 12.3% of assets, 3rd of 6. Loans grew +4.3% in the year, 4th of 6, and deposits grew 5.3%; the cohort's median loan growth is +5.4%.

Noncurrent loans are 0.15% of the book, the lowest in the cohort against a median of 2.06%; 0.05% is 30 to 89 days past due, and the allowance covers them 7.9 times. Net charge-offs are 0.22% of loans, 3rd of 6. Commercial real estate is 45.5% of loans, the highest in the cohort against a median of 30.3%, and 270% of capital, below the 300% screen, with construction at 88% against the 100% screen. CRE has grown +52.4% over 36 months, past the guidance's 50% prong.

Return on assets is 1.32%, the lowest in the cohort against a median of 1.81%, on an efficiency ratio of 61.6%, 5th of 6. Five years ago it was 1.65%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 10.1% of loans).

Commercial real estate, share of loansUT banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 30.3% MB Merrick Bank 0.0% CB Celtic Bank 2.2% GD Green Dot Bank dba Bonneville 17.5% CV Cache Valley Bank 43.1% SB Sunwest Bank 43.3% Bo Bank of Utah 45.5%
Loans, year over yearUT banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +5.4% CB Celtic Bank +37.6% SB Sunwest Bank +14.8% CV Cache Valley Bank +6.5% Bo Bank of Utah +4.3% MB Merrick Bank +1.5% GD Green Dot Bank dba Bonneville -8.0%

SBA 7(a), FY2008 to FY2026

Bank of Utah is the 13th largest 7(a) lender into Utah of 235, with $207M across 268 loans, 2.9% of everything approved in the state (Zions Bank, A Division of leads with $814M). 13 of its 28 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Utah, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Salt Lake, UT$79M13th of 1642.6%thin
Utah, UT$32M12th of 1352.2%thin
Davis, UT$25M6th of 1014.4%thin
Weber, UT$24M5th of 875.9%thin
Wasatch, UT$10M2nd of 4311.1%thin
Summit, UT$10M4th of 565.9%thin
Box Elder, UT$8M2nd of 3810.6%quiet FY2017
Cache, UT$6M6th of 543.4%thin
Twin Falls, ID$4M11th of 443.5%quiet FY2018
Clackamas, OR$3M45th of 1210.4%quiet FY2011
Washington, UT$2M32nd of 860.5%thin
Ada, ID$2M64th of 1330.2%thin
Tooele, UT$2M17th of 511.6%quiet FY2015
15 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services43$45M20.1%0.06%239th of 2,596
Retail trade50$35M15.9%0.06%221st of 2,589
Manufacturing31$27M12.3%0.07%239th of 2,246
Health care & social assistance22$21M9.6%0.05%250th of 2,172
Other services23$14M6.2%0.04%298th of 2,248
7(a) lenders into Utah, share of approvals since FY2008235 lenders on record; the ten largest and Bank of Utah
ZB Zions Bank, A Division of 11.2% $814M · 5,725 loans MA Mountain America FCU 7.4% $538M · 3,076 loans CB Community Banks of Colorado, A Di… 5.5% $399M · 434 loans CB Celtic Bank Corporation 5.3% $386M · 660 loans AF America First Federal Credit Union 5.1% $374M · 905 loans WF Wells Fargo Bank National Associa… 5.0% $363M · 1,135 loans LO Live Oak Banking Company 4.3% $315M · 237 loans UB U.S. Bank, National Association 4.0% $293M · 1,066 loans FU First Utah Bank 3.7% $267M · 349 loans GB Glacier Bank 3.6% $261M · 610 loans Bo Bank of Utah 2.9% $207M · 268 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 1 CBLR filer; owner-occupied excluded; bold marks a screen met
Bank of UtahRankCohort median
Total CRE against capital, the 300% screen270%4th of 6140%
Construction against capital, the 100% screen88%5th of 624%
Construction and land development, share of loans14.9%5th of 63.6%
Non-owner-occupied nonfarm nonresidential, share of loans27.9%5th of 614.7%
Total CRE, the guidance definition, share of loans45.5%6th of 630.3%
CRE growth over 36 months, the third prong+52.4%3rd of 5+52.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Merrick Bank$9.13B2.5%33.6%3.52%11.62%15.4%117.2%17.6%
Green Dot Bank dba Bonneville$5.44B1.5%92.5%3.56%66.62%17.3%0.8%5.8%
Celtic Bank$5.33B3.3%33.2%3.63%0.46%1.6%117.3%17.4%
Sunwest Bank$4.41B1.6%61.6%0.60%0.00%1.8%103.7%9.3%
Bank of Utah$3.79B1.3%61.6%0.15%0.22%1.2%100.4%12.3%
Cache Valley Bank$3.49B2.0%39.1%0.29%0.09%1.3%87.6%10.5%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Bank of UtahCohort median
20212026Change20212026Change
Loans$1.41B$2.97B+110%$1.78B$3.24B+82%
Deposits$1.69B$2.95B+75%$1.97B$3.65B+85%
NPA / loans0.00%0.15%+0.15 pts0.31%2.06%+1.75 pts
Efficiency54.5%61.6%+7.2 pts34.3%50.3%+16.0 pts
ROA1.65%1.32%-0.33 pts2.01%1.81%-0.21 pts

This read was prepared for Bank of Utah's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Bank of Utah is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort UT banks $3B to $10B
Institution www.bankofutah.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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