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

Central Bank

Provo, Utah · $2.16B in assets · beside the 10 other Utah banks between $1B and $3B

The filing

185.2%
CRE / capital
10th of 11
44.9%
CRE / loans
9th of 10
+0.7%
Loans, year over year
9th of 10, largest first

Central Bank is the fifth largest of the 11 Utah banks between $1B and $3B, with $2.16B in assets at 30 June 2026. Loans are 76.8% of deposits, 3rd of 10 against a median of 91.2%, and equity is 14.8% of assets, 6th of 11. Loans grew +0.7% in the year, 9th of 10, and deposits grew 7.9%; the cohort's median loan growth is +22.1%.

Noncurrent loans are 0.47% of the book, 4th of 10 against a median of 0.59%; 0.37% is 30 to 89 days past due, and the allowance covers them 6.8 times. Net charge-offs are 0.14% of loans, 2nd of 10. Commercial real estate is 44.9% of loans, 9th of 10 against a median of 13.0%, and 185% of capital, below the 300% screen, with construction at 103% against the 100% screen.

Return on assets is 2.03%, 7th of 11 against a median of 2.16%, on an efficiency ratio of 49.1%, 9th of 11. Five years ago it was 1.43%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate against capital, the 300% screenUT banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 24% MB Medallion Bank 0% SF Square Finl Services Inc 0% WF Wells Fargo Trust Co. N.A. 0% W Webbank 1% NB Nelnet Bank 8% PA Prime Alliance Bank 24% CN Column National Association 43% QB Quill Bank 136% TA Transportation Alliance Bank D 161% CB Central Bank 185% SB State Bank of Southern Utah 306%
Loans, year over yearUT banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +22.1% SF Square Finl Services Inc +124.1% NB Nelnet Bank +99.9% CN Column National Association +70.4% W Webbank +34.6% QB Quill Bank +31.3% MB Medallion Bank +12.9% PA Prime Alliance Bank +10.8% SB State Bank of Southern Utah +4.6% CB Central Bank +0.7% TA Transportation Alliance Bank D -4.4%

SBA 7(a), FY2008 to FY2026

Central Bank is the 11th largest 7(a) lender into Utah of 235, with $260M across 889 loans, 3.6% of everything approved in the state (Zions Bank, A Division of leads with $814M). 4 of its 20 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
Utah, UT$182M2nd of 13512.5%+1.1 pts
Salt Lake, UT$57M15th of 1641.9%-1.3 pts
Wasatch, UT$4M9th of 434.0%thin
Juab, UT$3M1st of 1615.0%thin
Cache, UT$3M18th of 541.5%thin
Davis, UT$3M40th of 1010.5%+0.7 pts
Kane, UT$1M7th of 126.1%thin
Summit, UT$1M26th of 560.8%thin
Tooele, UT$1M28th of 511.0%thin
Weber, UT$1M52nd of 870.3%+0.0 pts
Sanpete, UT$860K8th of 242.1%thin
Morgan, UT$750K6th of 194.4%thin
Washington, UT$517K61st of 860.1%thin
7 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
Manufacturing107$46M17.7%0.12%153rd of 2,246
Construction121$36M13.7%0.11%144th of 2,063
Health care & social assistance99$34M12.9%0.07%179th of 2,172
Retail trade97$28M10.7%0.05%269th of 2,589
Accommodation & food services77$24M9.0%0.03%354th of 2,596
7(a) lenders into Utah, share of approvals since FY2008235 lenders on record; the ten largest and Central Bank
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 CB Central Bank 3.6% $260M · 889 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers, Central Bank among them; owner-occupied excluded; bold marks a screen met
Central BankRankCohort median
Total CRE against capital, the 300% screen185%10th of 1124%
Construction against capital, the 100% screen103%11th of 110%
Construction and land development, share of loans25.0%10th of 101.1%
Non-owner-occupied nonfarm nonresidential, share of loans16.5%8th of 105.1%
Total CRE, the guidance definition, share of loans44.9%9th of 1013.0%
CRE growth over 36 months, the third prong+16.7%4th of 9+36.5%

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
Nelnet Bank$3.00B1.1%37.6%2.17%0.59%1.7%65.7%15.5%
Webbank$2.86B4.8%63.3%0.51%0.40%1.0%107.5%16.7%
Medallion Bank$2.83B2.2%27.7%0.45%2.76%4.2%116.0%15.9%
State Bank of Southern Utah$2.74B1.7%46.1%0.47%0.26%1.2%80.3%11.4%
Central Bank$2.16B2.0%49.1%0.47%0.14%3.2%76.8%14.8%
Square Finl Services Inc$2.06B33.7%15.4%0.67%12.31%7.6%249.0%65.8%
Column National Association$1.77B5.0%38.9%0.06%-0.24%0.6%23.4%9.9%
Transportation Alliance Bank D$1.59B1.1%61.1%1.79%2.23%1.5%90.9%11.3%
Quill Bank$1.56B5.2%32.4%2.54%5.93%3.9%96.7%14.1%
Wells Fargo Trust Co. N.A.$1.33B2.0%3.9%no recordno recordno recordno record95.6%
Prime Alliance Bank$1.09B3.4%20.6%1.60%1.33%2.9%91.5%10.7%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Central BankCohort median
20212026Change20212026Change
Loans$837M$1.36B+63%$432M$1.36B+216%
Deposits$1.38B$1.78B+29%$411M$1.53B+272%
NPA / loans0.04%0.47%+0.43 pts0.33%0.59%+0.26 pts
Efficiency51.9%49.1%-2.7 pts51.9%37.6%-14.3 pts
ROA1.43%2.03%+0.60 pts1.89%2.16%+0.27 pts

This read was prepared for Central 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 Central 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 $1B to $3B
Institution www.cbutah.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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