The catalogue › United States › Mountain West › Utah
The state note · prepared 3 November 2026

Utah

45 banks and 51 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

45 banks filing · read from the 30 June 2026 Call Report
45
banks filing
$1.37T in assets
+8.3%
Loans, year over year
median; 19 above 10%, 8 shrinking
7.7%
CRE / loans
median
91.7%
Loans / deposits
median
0.51%
NPA / loans
median
12.8%
Equity / assets
median

Utah's 45 banks hold $1.37T in assets at 30 June 2026. Morgan Stanley Bank N.A. is the largest at $419B, and the five largest hold 78% of the total; 30 institutions are above $1B, holding $1.36T.

Loans grew a median +8.3% in the year to 30 June 2026: 19 institutions grew faster than 10% and 8 shrank. The median bank lends 92% of its deposits and holds commercial real estate at 7.7% of loans. Nonperforming loans sit at a median 0.51% of the book, return on assets at 1.86%, and equity at 12.8% of assets.

32 of the 45 are in the catalogue, each read from its own filing beside the banks its size in the state: Morgan Stanley Bank N.A., American Express National Bank, Ally Bank, UBS Bank USA National Association, Synchrony Bank, Zions Bcorp N A, Sofi Bank National Association, Sallie Mae Bank, Optum Bank Inc, Comenity Capital Bank, BMW Bank of North America, Happen Bank National Association, Wex Bank, Merrick Bank, Green Dot Bank dba Bonneville, Celtic Bank, Sunwest Bank, Bank of Utah, Cache Valley Bank, Nelnet Bank, Webbank, Medallion Bank, State Bank of Southern Utah, Central Bank, Square Finl Services Inc, Column National Association, Transportation Alliance Bank D, Quill Bank, Finwise Bank, Thrivent Bank, First Utah Bank, Pitney Bowes Bank Inc.

Who holds the state's assetseach institution's share of the $1.37T the state's 45 hold; the largest first, amber in the catalogue
Morgan Stanley Bank N.A.: 30.6%MS31%American Express National Bank: 15.6%AE16%Ally Bank: 13.8%AB14%UBS Bank USA National Association: 9.1%UB9%Synchrony Bank: 8.4%SB8%Zions Bcorp N A: 6.5%ZBSofi Bank National Association: 4.2%SBSallie Mae Bank: 2.1%Optum Bank Inc: 1.6%Comenity Capital Bank: 1.0%35 others 7%MSMorgan Stanley Bank N…30.6%AEAmerican Express Nati…15.6%ABAlly Bank13.8%UBUBS Bank USA National…9.1%SBSynchrony Bank8.4%ZBZions Bcorp N A6.5%SBSofi Bank National As…4.2%SMSallie Mae Bank2.1%OBOptum Bank Inc1.6%CCComenity Capital Bank1.0%

Morgan Stanley Bank N.A. holds 30.6% of the state's bank assets; the five largest hold 78%, and 30 of the 45 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestMorgan Stanley Bank N.A.: 31% of the totalThe five largest78% of the totalThe ten largest93% of the totalGINI0.80 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 78% of the assets in 11% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Credit card26.6%$223BOther loans and leases19.6%$164BCommercial & industrial14.8%$124BConsumer, other11.7%$98.1BAuto10.8%$90.6B1-4 family residential, closed-end7.8%$65.5BNonfarm nonresidential, non-owner-occupied3.5%$29.2BNonfarm nonresidential, owner-occupied2.3%$19.1BMultifamily0.9%$7.5BConstruction & land0.8%$6.6BStates & municipalities0.6%$5.1BHome equity lines0.6%$4.9BFarmland0.1%$539MAgricultural production0.0%$322M

Credit card is the largest category at 26.6% of the state's $839B in loans, then Other loans and leases at 19.6% and Commercial & industrial at 14.8%.

Loans, year over yearUtah banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 43 · amber, in the catalogue
state median +8.3% SF Square Finl Services Inc +124.1% NB Nelnet Bank +99.9% CN Column National Association +70.4% SB Sofi Bank National Association +54.1% RB Redemption Bank +40.7% CB Celtic Bank +37.6% W Webbank +34.6% QB Quill Bank +31.3% FE First Electronic Bank +26.5% OB Optum Bank Inc +25.3% MS Morgan Stanley Bank N.A. +20.7% UI Utah Independent Bank +18.6% HB Happen Bank National Association +16.9% WB Wex Bank +16.0% VB Varo Bank National Association +15.6% SB Sunwest Bank +14.8% MB Medallion Bank +12.9% PA Prime Alliance Bank +10.8% FB Finwise Bank +10.0% BB B2 Bank National Association +8.8% BB BMW Bank of North America +8.6% CC Comenity Capital Bank +8.3% AB Ally Bank +8.0% AE American Express National Bank +7.2% UB UBS Bank USA National Association +6.9%

Square Finl Services Inc grew fastest at +124.1%; 19 grew faster than 10% and 8 shrank, Milestone Bank the most at -18.6%. The median is +8.3%.

Commercial real estate, share of loansUtah banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 43 · amber, in the catalogue
state median 7.7% OB Optum Bank Inc 63.9% SB State Bank of Southern Utah 52.0% BB Brighton Bank 47.0% Bo Bank of Utah 45.5% CB Central Bank 44.9% SB Sunwest Bank 43.3% CV Cache Valley Bank 43.1% HS Home Savings Bank 41.0% FU First Utah Bank 39.3% RB Redemption Bank 38.1% UI Utah Independent Bank 28.7% QB Quill Bank 25.5% GV Grand Valley Bank 24.9% TB Thrivent Bank 24.2% ZB Zions Bcorp N A 24.1% TA Transportation Alliance Bank D 24.0% CN Column National Association 22.3% GD Green Dot Bank dba Bonneville 17.5% FB Finwise Bank 9.6% MB Milestone Bank 9.5% MS Morgan Stanley Bank N.A. 8.0% BB B2 Bank National Association 7.7% CB Continental Bank 6.6% PA Prime Alliance Bank 3.7% HB Happen Bank National Association 3.3%

Optum Bank Inc is the most CRE-weighted at 63.9% of loans; 8 of the 45 are above 40%, against a median of 7.7%.

Commercial real estate against capital, the 300% screenUtah banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 45 · amber, in the catalogue
state median 22% 300% screen SB Sunwest Bank 327% SB State Bank of Southern Utah 306% CV Cache Valley Bank 292% FU First Utah Bank 290% BB Brighton Bank 272% Bo Bank of Utah 270% HS Home Savings Bank 229% OB Optum Bank Inc 221% CB Central Bank 185% RB Redemption Bank 162% TA Transportation Alliance Bank D 161% ZB Zions Bcorp N A 152% QB Quill Bank 136% UI Utah Independent Bank 130% GV Grand Valley Bank 102% MB Milestone Bank 54% FB Finwise Bank 44% TB Thrivent Bank 44% CN Column National Association 43% BB B2 Bank National Association 31% CB Continental Bank 31% PA Prime Alliance Bank 24% MS Morgan Stanley Bank N.A. 22% AB Ally Bank 17% HB Happen Bank National Association 16%

2 of the 45 banks sit above the 300% screen, Sunwest Bank the highest at 327% of capital; the median is 22%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenUtah banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 45 · amber, in the catalogue
state median 3% 100% screen BB Brighton Bank 120% CV Cache Valley Bank 116% HS Home Savings Bank 104% CB Central Bank 103% UI Utah Independent Bank 102% SB State Bank of Southern Utah 96% TA Transportation Alliance Bank D 92% Bo Bank of Utah 88% FU First Utah Bank 86% GV Grand Valley Bank 62% RB Redemption Bank 61% MB Milestone Bank 48% QB Quill Bank 47% SB Sunwest Bank 39% FB Finwise Bank 37% ZB Zions Bcorp N A 32% BB B2 Bank National Association 26% CB Continental Bank 13% CB Celtic Bank 9% NB Nelnet Bank 8% HB Happen Bank National Association 5% OB Optum Bank Inc 3% AB Ally Bank 3% TB Thrivent Bank 1% MS Morgan Stanley Bank N.A. 1%

5 of the 45 banks sit above the 100% construction screen, Brighton Bank the highest at 120%; the median is 3%.

Loans to depositsUtah banks, 30 June 2026 · listed highest first · the 25 highest of 44 · amber, in the catalogue
state median 92% SF Square Finl Services Inc 249% HS Home Savings Bank 122% CB Celtic Bank 117% MB Merrick Bank 117% MB Medallion Bank 116% SB Synchrony Bank 115% W Webbank 107% BB BMW Bank of North America 107% CC Comenity Capital Bank 107% TB Thrivent Bank 105% MB Milestone Bank 105% SM Sallie Mae Bank 104% CB Continental Bank 104% SB Sunwest Bank 104% FB Finwise Bank 102% AE American Express National Bank 100% Bo Bank of Utah 100% SB Sofi Bank National Association 100% QB Quill Bank 97% RB Redemption Bank 94% FU First Utah Bank 92% AB Ally Bank 92% PA Prime Alliance Bank 92% TA Transportation Alliance Bank D 91% CV Cache Valley Bank 88%

17 of the 45 lend more than they hold in deposits, Square Finl Services Inc the furthest at 249%; the median is 92%.

Nonperforming loans, share of loansUtah banks, 30 June 2026 · listed highest first · the 25 highest of 43 · amber, in the catalogue
state median 0.51% FU First Utah Bank 6.39% MB Milestone Bank 5.32% FB Finwise Bank 5.11% CB Celtic Bank 3.63% GD Green Dot Bank dba Bonneville 3.56% MB Merrick Bank 3.52% CC Comenity Capital Bank 3.21% QB Quill Bank 2.54% NB Nelnet Bank 2.17% BB B2 Bank National Association 2.07% SB Synchrony Bank 2.04% UI Utah Independent Bank 1.82% TA Transportation Alliance Bank D 1.79% PA Prime Alliance Bank 1.60% CB Continental Bank 0.98% AB Ally Bank 0.85% HB Happen Bank National Association 0.82% SF Square Finl Services Inc 0.67% SM Sallie Mae Bank 0.65% AE American Express National Bank 0.63% SB Sunwest Bank 0.60% W Webbank 0.51% BB Brighton Bank 0.49% MS Morgan Stanley Bank N.A. 0.47% ZB Zions Bcorp N A 0.47%

First Utah Bank carries the most nonperforming loans at 6.39% of the book; 14 of the 45 are above 1%, and the median is 0.51%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%NPA / loansAllowance / loansGDGreen Dot Bank dba Bonneville+13.70%MBMerrick Bank+11.85%VBVaro Bank National Association+9.57%CCComenity Capital Bank+8.20%SBSynchrony Bank+8.15%SFSquare Finl Services Inc+6.94%SMSallie Mae Bank+5.80%MBMedallion Bank+3.76%CBCentral Bank+2.74%AEAmerican Express National Bank+2.63%HBHappen Bank National Association+1.92%GVGrand Valley Bank+1.86%ABAlly Bank+1.63%QBQuill Bank+1.35%FBFinwise Bank+1.33%PAPrime Alliance Bank+1.30%PBPitney Bowes Bank Inc+1.23%SBSunwest Bank+1.17%HSHome Savings Bank+1.07%RBRedemption Bank+1.04%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 7 of the 45 hold an allowance smaller than their nonperforming loans.

Return on assetsUtah banks, 30 June 2026 · listed highest first · the 25 highest of 45 · amber, in the catalogue
state median 1.86% SF Square Finl Services Inc 33.75% FE First Electronic Bank 8.84% PB Pitney Bowes Bank Inc 5.35% QB Quill Bank 5.20% CN Column National Association 4.99% W Webbank 4.80% WB Wex Bank 4.03% AE American Express National Bank 3.65% UI Utah Independent Bank 3.45% PA Prime Alliance Bank 3.41% CB Celtic Bank 3.35% SB Synchrony Bank 2.83% SM Sallie Mae Bank 2.79% CB Continental Bank 2.64% MB Merrick Bank 2.53% OB Optum Bank Inc 2.48% BB BMW Bank of North America 2.24% MB Medallion Bank 2.16% CB Central Bank 2.03% WF Wells Fargo Trust Co. N.A. 2.02% CV Cache Valley Bank 2.01% SB Sofi Bank National Association 1.89% BB Brighton Bank 1.86% HB Happen Bank National Association 1.79% SB State Bank of Southern Utah 1.73%

Square Finl Services Inc earns the most at 33.75% and Varo Bank National Association the least at -27.10%; 5 of the 45 earn under 0.50%, and the median is 1.86%.

The efficiency ratio, with the return beside itUtah banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 45 · amber, in the catalogue
state median 56.2% WF Wells Fargo Trust Co. N.A. 3.9% ROA 2.02% SF Square Finl Services Inc 15.4% ROA 33.75% BB BMW Bank of North America 17.1% ROA 2.24% PA Prime Alliance Bank 20.6% ROA 3.41% UB UBS Bank USA National Association 26.3% ROA 1.08% MB Medallion Bank 27.7% ROA 2.16% OB Optum Bank Inc 29.2% ROA 2.48% PB Pitney Bowes Bank Inc 32.0% ROA 5.35% QB Quill Bank 32.4% ROA 5.20% SM Sallie Mae Bank 33.0% ROA 2.79% CB Celtic Bank 33.2% ROA 3.35% MB Merrick Bank 33.6% ROA 2.53% MS Morgan Stanley Bank N.A. 36.8% ROA 1.40% SB Synchrony Bank 36.8% ROA 2.83% NB Nelnet Bank 37.6% ROA 1.08% CN Column National Association 38.9% ROA 4.99% CV Cache Valley Bank 39.1% ROA 2.01% UI Utah Independent Bank 43.0% ROA 3.45% FE First Electronic Bank 45.9% ROA 8.84% SB State Bank of Southern Utah 46.1% ROA 1.73% AB Ally Bank 49.0% ROA 1.19% CB Central Bank 49.1% ROA 2.03% CC Comenity Capital Bank 56.2% ROA 1.65% FB Finwise Bank 56.8% ROA 1.47% WB Wex Bank 57.3% ROA 4.03%

Wells Fargo Trust Co. N.A. runs the leanest at 3.9% of revenue in cost; 6 of the 45 spend more than 80 cents of every revenue dollar, and the median is 56.2%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Morgan Stanley Bank N.A.$419B+20.7%8.0%41%0.47%1.40%9.7%
American Express National Bank$214B+7.2%0.0%100%0.63%3.65%9.0%
Ally Bank$188B+8.0%2.4%92%0.85%1.19%8.3%
UBS Bank USA National Association$124B+6.9%1.6%85%0.12%1.08%7.6%
Synchrony Bank$115B+2.7%0.0%115%2.04%2.83%12.9%
Zions Bcorp N A$89.0B+2.5%24.1%82%0.47%1.51%8.6%
Sofi Bank National Association$56.8B+54.1%0.3%100%0.08%1.89%12.8%
Sallie Mae Bank$28.5B-7.0%0.0%104%0.65%2.79%10.2%
Optum Bank Inc$21.4B+25.3%63.9%60%0.21%2.48%14.8%
Comenity Capital Bank$13.9B+8.3%0.0%107%3.21%1.65%13.0%
BMW Bank of North America$13.8B+8.6%0.2%107%0.09%2.24%12.8%
Happen Bank National Association$12.5B+16.9%3.3%65%0.82%1.79%11.5%
Wex Bank$10.7B+16.0%0.2%55%0.44%4.03%8.0%
Merrick Bank$9.1B+1.5%0.0%117%3.52%2.53%17.6%
Green Dot Bank dba Bonneville$5.4B-8.0%17.5%1%3.56%1.54%5.8%
Five years, 2021 to 2026the 44 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$534B$838B+57%
Deposits, in total$689B$1.05T+52%
NPA / loans, median0.35%0.56%+0.21 pts
Efficiency, median51.0%52.7%+1.7 pts
ROA, median1.90%1.88%-0.02 pts

Small-business lending

SBA 7(a) approvals into Utah since FY2008, across every lender type

$7.4B of 7(a) credit has been approved into Utah since FY2008 across 22,411 loans. Accommodation & food services is the largest category at 12.8%, Health care & social assistance at 12.2%, Retail trade at 11.7%; the three together are 37% of the money. The heaviest losses fall in Transportation & warehousing, at 3.80% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 238 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
ZB Zions Bancorporation, National As… 11.2% $832M · 5,799 loans MA Mountain America FCU 7.4% $550M · 3,101 loans CB Community Banks of Colorado, A Di… 5.4% $402M · 436 loans CB Celtic Bank Corporation 5.2% $389M · 664 loans AF America First Federal Credit Union 5.1% $382M · 916 loans WF Wells Fargo Bank National Associa… 4.9% $364M · 1,136 loans LO Live Oak Banking Company 4.5% $337M · 251 loans UB U.S. Bank, National Association 4.1% $304M · 1,084 loans FU First Utah Bank 3.6% $271M · 353 loans CB Central Bank 3.6% $270M · 910 loans GB Glacier Bank 3.5% $262M · 612 loans JC JPMorgan Chase Bank, National Ass… 3.1% $230M · 858 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services13.6%$950M · 1,944 loansHealth care & social assistance12.9%$906M · 2,091 loansRetail trade12.4%$871M · 2,709 loansManufacturing11.7%$817M · 2,015 loansConstruction10.9%$764M · 2,938 loansProfessional & technical services8.2%$575M · 2,433 loansOther services7.6%$533M · 1,928 loansWholesale trade6.4%$450M · 1,040 loansAdministrative & waste services4.7%$327M · 1,326 loansReal estate & leasing4.2%$294M · 725 loansTransportation & warehousing3.7%$262M · 1,180 loansArts, entertainment & recreation3.6%$251M · 623 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$950M1,94412.8%$20M2.07%
Health care & social assistance$906M2,09112.2%$12M1.33%
Retail trade$871M2,70911.7%$22M2.47%
Manufacturing$817M2,01511.0%$15M1.83%
Construction$764M2,93810.3%$16M2.14%
Professional & technical services$575M2,4337.7%$16M2.83%
Other services$533M1,9287.2%$12M2.28%
Wholesale trade$450M1,0406.0%$12M2.59%
Administrative & waste services$327M1,3264.4%$8M2.45%
Real estate & leasing$294M7253.9%$2M0.78%
Transportation & warehousing$262M1,1803.5%$10M3.80%
Arts, entertainment & recreation$251M6233.4%$6M2.28%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Salt Lake$3.1B8,329166
Utah$1.5B4,432136
Davis$593M1,941102
Washington$454M1,55689
Weber$408M1,29787
Cache$201M76057
Summit$170M47756
Tooele$126M36451
Uintah$126M48030
Iron$108M50638

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Utah institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 3 November 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Utah

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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