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

Finwise Bank

Murray, Utah · $915M in assets · beside the 8 other Utah banks between $300M and $1B

The filing

102.0%
Loans / deposits
7th of 9
5.11%
NPA / loans
7th of 9
56.8%
Efficiency
3rd of 9

Finwise Bank is the largest of the 9 Utah banks between $300M and $1B, with $915M in assets at 30 June 2026. Loans are 102.0% of deposits, 7th of 9 against a median of 77.1%, and equity is 17.9% of assets, 4th of 9. Loans grew +10.0% in the year, 3rd of 9, and deposits grew 9.0%; the cohort's median loan growth is +3.6%.

Noncurrent loans are 5.11% of the book, 7th of 9 against a median of 0.44%; 1.42% is 30 to 89 days past due, and the allowance covers them 1.3 times. Net charge-offs are 6.10% of loans, 8th of 9. Commercial real estate is 9.6% of loans, 5th of 9 against a median of 9.6%, and 44% of capital, below the 300% screen, with construction at 37% against the 100% screen. CRE has grown +96.7% over 36 months, past the guidance's 50% prong.

Return on assets is 1.47%, 4th of 9 against a median of 1.15%, on an efficiency ratio of 56.8%, 3rd of 9. Five years ago it was 8.05%. The question is which of these lines moves first over the next four quarters, and against which peer.

Loans as a share of depositsUT banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 77.1% VB Varo Bank National Association 46.3% GV Grand Valley Bank 53.0% PB Pitney Bowes Bank Inc 69.5% FE First Electronic Bank 71.6% BB Brighton Bank 77.1% FU First Utah Bank 92.1% FB Finwise Bank 102.0% MB Milestone Bank 104.7% TB Thrivent Bank 104.8%
Loans, year over yearUT banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +3.6% FE First Electronic Bank +26.5% VB Varo Bank National Association +15.6% FB Finwise Bank +10.0% PB Pitney Bowes Bank Inc +6.9% TB Thrivent Bank +3.6% GV Grand Valley Bank +1.8% BB Brighton Bank -3.8% FU First Utah Bank -4.3% MB Milestone Bank -18.6%

SBA 7(a), FY2008 to FY2026

Finwise Bank is the 8th largest 7(a) lender into New York of 402, with $542M across 476 loans, 2.8% of everything approved in the state (Manufacturers and Traders Trust Company leads with $1.26B). 133 of its 208 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in New York, 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
Kings, NY$265M1st of 16910.6%-17.2 pts
Rockland, NY$120M1st of 11217.9%-26.3 pts
Orange, NY$82M1st of 11614.2%-0.1 pts
Union, NJ$39M4th of 1404.5%+0.6 pts
Ocean, NJ$33M6th of 1194.0%-1.7 pts
Bergen, NJ$30M16th of 1611.7%-1.7 pts
Essex, NJ$26M8th of 1382.8%-8.1 pts
Broward, FL$22M37th of 2090.7%-1.9 pts
Los Angeles, CA$21M97th of 3080.1%-0.1 pts
Passaic, NJ$20M5th of 1113.5%-6.9 pts
Clark, NV$17M30th of 2290.6%-0.8 pts
Sullivan, NY$16M2nd of 5412.7%-17.7 pts
Salt Lake, UT$15M32nd of 1640.5%quiet FY2022
195 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 trade259$340M30.9%0.56%37th of 2,589
Wholesale trade122$160M14.5%0.62%37th of 1,651
Professional & technical services251$147M13.4%0.46%37th of 1,955
Health care & social assistance76$113M10.2%0.24%65th of 2,172
Manufacturing45$58M5.2%0.15%125th of 2,246
7(a) lenders into New York, share of approvals since FY2008402 lenders on record; the ten largest and Finwise Bank
Ma Manufacturers and Traders Trust C… 6.5% $1.26B · 10,321 loans N Newbank 6.4% $1.24B · 1,163 loans JC JPMorgan Chase Bank, National Ass… 5.6% $1.09B · 8,716 loans TB TD Bank, National Association 5.5% $1.07B · 8,357 loans LO Live Oak Banking Company 4.0% $774M · 638 loans KN KeyBank National Association 3.7% $717M · 3,387 loans NS Newtek Small Business Finance, In… 2.9% $571M · 760 loans FB Finwise Bank 2.8% $542M · 476 loans Bo Bank of Hope 2.7% $518M · 1,174 loans DC Dime Commercial Bank 2.6% $507M · 575 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 7 CBLR filers, Finwise Bank among them; owner-occupied excluded; bold marks a screen met
Finwise BankRankCohort median
Total CRE against capital, the 300% screen44%5th of 944%
Construction against capital, the 100% screen37%5th of 937%
Construction and land development, share of loans8.0%5th of 98.0%
Non-owner-occupied nonfarm nonresidential, share of loans1.1%5th of 91.1%
Total CRE, the guidance definition, share of loans9.6%5th of 99.6%
CRE growth over 36 months, the third prong+96.7%5th of 6+48.7%

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
Finwise Bank$915M1.5%56.8%5.11%6.10%6.4%102.0%17.9%
Thrivent Bank$906M-1.4%135.5%0.26%0.28%0.5%104.8%36.7%
First Utah Bank$840M0.7%61.2%6.39%1.07%1.5%92.1%10.2%
Pitney Bowes Bank Inc$796M5.4%32.0%0.44%1.25%1.7%69.5%9.7%
Grand Valley Bank$599M1.2%60.4%0.02%0.01%1.9%53.0%9.2%
First Electronic Bank$503M8.8%45.9%0.01%0.08%0.6%71.6%39.4%
Milestone Bank$342M0.7%59.6%5.32%3.67%2.4%104.7%15.6%
Varo Bank National Association$338M-27.1%138.2%0.42%29.82%10.0%46.3%20.4%
Brighton Bank$322M1.9%62.1%0.49%0.00%1.2%77.1%10.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Finwise BankCohort median
20212026Change20212026Change
Loans$234M$737M+215%$198M$296M+50%
Deposits$203M$723M+256%$228M$541M+138%
NPA / loans0.34%5.11%+4.77 pts0.33%0.44%+0.11 pts
Efficiency41.0%56.8%+15.8 pts54.8%60.4%+5.6 pts
ROA8.05%1.47%-6.58 pts2.26%1.15%-1.11 pts

This read was prepared for Finwise 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 Finwise 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 $300M to $1B
Institution www.finwise.bank

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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