TellerScore

First Electronic Bank is a state-chartered bank headquartered in Salt Lake City, Utah, in business for about 26 years. At the end of Q2 2026 it reported $502.9M in total assets and $285.6M in deposits, with 1 office.

First Electronic Bank has a TellerScore of 91 out of 100 (very strong) based on Q2 2026 data — higher than 96% of its 2,650 banks with $100 million – $1 billion. Among 45 banks headquartered in Utah, it ranks 3rd. Capital cushion contributes the most (100/100, 46.82%); funding & liquidity contributes the least (39/100, 71% loans-to-deposits, 98% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Tier 1 leverage ratio: 46.82%
Loan quality100/100
Noncurrent loans ÷ total loans: 0.01%
Earnings100/100
Return on assets (annualized): 7.94%
Funding & liquidity39/100
Loans ÷ deposits and uninsured-deposit share: 71.1% · 98.3% uninsured
Problem-loan coverage100/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.01%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 2 points (93 → 91), mostly because the funding & liquidity component weakened by 11 points.

TellerScore
899193Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202493
Q3 202489
Q4 202492
Q1 202589
Q2 202593
Q3 202593
Q4 202593
Q1 202690
Q2 202691
Tier 1 leverage ratio
5.00%25.91%46.82%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202429.61%
Q3 202431.10%
Q4 202432.13%
Q1 202532.35%
Q2 202530.43%
Q3 202534.48%
Q4 202536.87%
Q1 202642.50%
Q2 202646.82%
Noncurrent loans
0.00%0.01%0.01%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20250.00%
Q2 20250.00%
Q3 20250.00%
Q4 20250.00%
Q1 20260.00%
Q2 20260.01%
Return on assets
6.68%11.04%15.41%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 202414.40%
Q3 202415.05%
Q4 202414.31%
Q1 202515.41%
Q2 202514.91%
Q3 202512.95%
Q4 202512.66%
Q1 20266.68%
Q2 20267.94%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202691$502.9M46.82%0.01%7.94%71.1%
Q1 202690$429.3M42.50%0.00%6.68%74.5%
Q4 202593$482.1M36.87%0.00%12.66%44.5%
Q3 202593$522.1M34.48%0.00%12.95%55.9%
Q2 202593$511.9M30.43%0.00%14.91%48.5%
Q1 202589$489.7M32.35%0.00%15.41%84.8%
Q4 202492$456.8M32.13%0.00%14.31%66.5%
Q3 202489$355.8M31.10%0.00%15.05%85.1%
Q2 202493$428.9M29.61%0.00%14.40%52.8%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio46.82%
99th
Total risk-based capital90.58%
100th
Problem loans0.01%
85th
Net charge-offs0.11%
19th
Return on assets7.94%
100th
Net interest margin17.17%
100th
Efficiency ratio45.9%
90th
Loans to deposits71.1%
68th
Uninsured deposits98.3%
0th
Loan-loss reserves0.62%
5th
Texas ratio0.0%
89th

Similar-size banks in Utah

InstitutionScoreAssetsCapitalProblem loansCompare
Grand Valley BankBank Heber City, UT82 out of 100, Strong$599.4M11.5%0.02%vs
Milestone BankBank Salt Lake City, UT53 out of 100, Below average$342.2M15.0%5.32%vs
Varo Bank, National AssociationBank Draper, UT76 out of 100, Strong$337.8M18.5%0.42%vs
Brighton BankBank Salt Lake City, UT78 out of 100, Strong$321.6M11.7%0.49%vs
The Pitney Bowes Bank, Inc.Bank Salt Lake City, UT84 out of 100, Strong$796.3M12.4%0.44%vs
Continental BankBank Salt Lake City, UT80 out of 100, Strong$181.8M16.2%0.98%vs

Deposit insurance

Is my money safe at First Electronic Bank?

Yes. First Electronic Bank is an FDIC-insured institution (FDIC certificate #35533). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 98.3% of deposits ($280.9M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 46.82%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 90.58% (benchmark: 10%).

Check how much of your own balance is covered

1 location

Branches

First Electronic Bank lists 1 office in 1 city. Most locations:

All branch addresses and map

CFPB TCCP survey · December 31, 2025

Credit card terms

CardPurchase APRAnnual feeLate feeForeign fee
H-E-B Visa Signature® Credit Card16.74% – 29.99%$0$270.0%

All First Electronic Bank card terms

Identity & history

Profile

Legal name
First Electronic Bank
Type
State-chartered bank
FDIC certificate #
35533
RSSD ID
2947556
Primary regulator
FDIC
Established
October 5, 2000
Headquarters
2150 S 1300 E, Salt Lake City, UT 84106
Employees
129

Quick answers

First Electronic Bank: common questions

Is First Electronic Bank FDIC insured?

Yes. First Electronic Bank is an FDIC-insured institution (FDIC certificate #35533). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Electronic Bank's TellerScore?

91 out of 100 (Very strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First Electronic Bank ever failed?

There is no failure record for FDIC certificate #35533 in the FDIC failed bank list.

How many branches does First Electronic Bank have?

1 office as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Salt Lake City

InstitutionScoreAssetsCapitalProblem loansCompare
Uintah Credit UnionCredit union Vernal, UT100 out of 100, Very strong$3.9M21.3%0.00%vs
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Beckstrand and Associates Credit UnionCredit union Salt Lake City, UT93 out of 100, Very strong$166K99.9%—vs
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