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

Square Finl Services Inc

Salt Lake City, Utah · $2.06B in assets · beside the 10 other Utah banks between $1B and $3B

The filing

249.0%
Loans / deposits
10th of 10
33.75%
ROA
1st of 11
+124.1%
Loans, year over year
1st of 10, largest first

Square Finl Services Inc is the sixth largest of the 11 Utah banks between $1B and $3B, with $2.06B in assets at 30 June 2026. Loans are 249.0% of deposits, the highest in the cohort against a median of 91.2%, and equity is 65.8% of assets, 2nd of 11. Loans grew +124.1% in the year, the fastest in the cohort, and deposits grew 50.8%; the cohort's median loan growth is +22.1%.

Noncurrent loans are 0.67% of the book, 6th of 10 against a median of 0.59%; 3.04% is 30 to 89 days past due, and the allowance covers them 11.4 times. Net charge-offs are 12.31% of loans, the highest in the cohort. Commercial real estate is 0.0% of loans, 2nd of 10 against a median of 13.0%, and 0% of capital, below the 300% screen, with construction at 0% against the 100% screen.

Return on assets is 33.75%, the highest in the cohort against a median of 2.16%, on an efficiency ratio of 15.4%, 2nd of 11. Five years ago it was 8.63%. 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 $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 91.2% CN Column National Association 23.4% NB Nelnet Bank 65.7% CB Central Bank 76.8% SB State Bank of Southern Utah 80.3% TA Transportation Alliance Bank D 90.9% PA Prime Alliance Bank 91.5% QB Quill Bank 96.7% W Webbank 107.5% MB Medallion Bank 116.0% SF Square Finl Services Inc 249.0%
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%

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; owner-occupied excluded; bold marks a screen met
Square Finl Services IncRankCohort median
Total CRE against capital, the 300% screen0%2nd of 1124%
Construction against capital, the 100% screen0%3rd of 110%
Construction and land development, share of loans0.0%3rd of 101.1%
Non-owner-occupied nonfarm nonresidential, share of loans0.0%3rd of 105.1%
Total CRE, the guidance definition, share of loans0.0%2nd of 1013.0%
CRE growth over 36 months, the third prongno record+36.5%
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%
CRE growth over 36 months, the guidance's third prongUT banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median +36.5% MB Medallion Bank -100.0% PA Prime Alliance Bank -27.9% CN Column National Association -18.0% CB Central Bank +16.7% QB Quill Bank +36.5% SB State Bank of Southern Utah +55.8% TA Transportation Alliance Bank D +74.5% W Webbank +288.3% NB Nelnet Bank +6555.4%

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
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
Square Finl Services IncCohort median
20212026Change20212026Change
Loans$39M$1.39B+3507%$432M$1.36B+216%
Deposits$53M$559M+954%$411M$1.53B+272%
NPA / loans0.00%0.67%+0.67 pts0.33%0.59%+0.26 pts
Efficiency71.5%15.4%-56.0 pts51.9%37.6%-14.3 pts
ROA8.63%33.75%+25.12 pts1.89%2.16%+0.27 pts

This read was prepared for Square Finl Services Inc'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 Square Finl Services Inc 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.squareup.com/us/en/banking

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band. 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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