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

Celtic Bank

Salt Lake City, Utah · $5.33B in assets · beside the 5 other Utah banks between $3B and $10B

The filing

117.3%
Loans / deposits
6th of 6
3.63%
NPA / loans
6th of 6
3.35%
ROA
1st of 6

Celtic Bank is the third largest of the 6 Utah banks between $3B and $10B, with $5.33B in assets at 30 June 2026. Loans are 117.3% of deposits, the highest in the cohort against a median of 102.1%, and equity is 17.4% of assets, 2nd of 6. Loans grew +37.6% in the year, the fastest in the cohort, and deposits grew 37.0%; the cohort's median loan growth is +5.4%.

Noncurrent loans are 3.63% of the book, the highest in the cohort against a median of 2.06%; 0.79% is 30 to 89 days past due, and the allowance covers them 0.5 times. Net charge-offs are 0.46% of loans, 4th of 6. Commercial real estate is 2.2% of loans, 2nd of 6 against a median of 30.3%, and 11% of capital, below the 300% screen, with construction at 9% against the 100% screen.

Return on assets is 3.35%, the highest in the cohort against a median of 1.81%, on an efficiency ratio of 33.2%, the lowest in the cohort. Five years ago it was 2.36%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.

Loans as a share of depositsUT banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 102.1% GD Green Dot Bank dba Bonneville 0.8% CV Cache Valley Bank 87.6% Bo Bank of Utah 100.4% SB Sunwest Bank 103.7% MB Merrick Bank 117.2% CB Celtic Bank 117.3%
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

Celtic Bank is the 10th largest 7(a) lender into California of 512, with $1.57B across 2,551 loans, 2.4% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 614 of its 1,480 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, 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
Los Angeles, CA$254M22nd of 3081.2%+1.0 pts
Maricopa, AZ$224M8th of 3033.0%-1.1 pts
Salt Lake, UT$195M3rd of 1646.4%-0.4 pts
San Diego, CA$127M8th of 2382.3%+1.1 pts
Tarrant, TX$106M7th of 2812.8%-4.0 pts
Dallas, TX$105M11th of 3141.9%-2.3 pts
Orange, CA$100M22nd of 2561.4%+0.3 pts
Fresno, CA$94M2nd of 1387.9%-0.4 pts
Harris, TX$93M24th of 3141.1%-0.7 pts
Sacramento, CA$86M7th of 1703.8%-2.9 pts
Riverside, CA$81M10th of 2192.3%-0.0 pts
Cook, IL$79M19th of 2821.2%-0.2 pts
San Bernardino, CA$73M16th of 2132.0%-0.6 pts
1467 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
Retail trade2,177$1.70B23.2%2.79%4th of 2,589
Accommodation & food services1,586$1.56B21.3%2.04%4th of 2,596
Other services1,542$905M12.3%2.58%5th of 2,248
Health care & social assistance1,463$804M11.0%1.70%8th of 2,172
Manufacturing828$345M4.7%0.87%20th of 2,246
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Celtic Bank
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 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, Celtic Bank among them; owner-occupied excluded; bold marks a screen met
Celtic BankRankCohort median
Total CRE against capital, the 300% screen11%3rd of 6140%
Construction against capital, the 100% screen9%3rd of 624%
Construction and land development, share of loans1.9%3rd of 63.6%
Non-owner-occupied nonfarm nonresidential, share of loans0.3%2nd of 614.7%
Total CRE, the guidance definition, share of loans2.2%2nd of 630.3%
CRE growth over 36 months, the third prong+44.5%2nd 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
Celtic BankCohort median
20212026Change20212026Change
Loans$3.55B$4.58B+29%$1.78B$3.24B+82%
Deposits$876M$3.90B+345%$1.97B$3.65B+85%
NPA / loans0.35%3.63%+3.28 pts0.31%2.06%+1.75 pts
Efficiency33.2%33.2%+0.0 pts34.3%50.3%+16.0 pts
ROA2.36%3.35%+0.99 pts2.01%1.81%-0.21 pts

This read was prepared for Celtic Bank'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 Celtic Bank 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.celticbank.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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