First Utah Bank (FDIC certificate #22738) is based in Salt Lake City, Utah. Its Q2 2026 call report shows $840.3M in total assets and $688.5M in deposits and 7 offices.
Based on its Q2 2026 filing, First Utah Bank scores 37/100, which we describe as low. That is higher than only 2% of 2,650 banks with $100 million – $1 billion. Among 45 banks headquartered in Utah, it ranks 45th. Its strongest component is funding & liquidity (66/100; 91% loans-to-deposits, 18% uninsured), and its lowest is loan quality (0/100; 6.39%).
TellerScore · Q2 2026
Scorecard
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 3 points (40 → 37), mostly because the problem-loan coverage component weakened by 36 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 59 |
| Q3 2024 | 62 |
| Q4 2024 | 57 |
| Q1 2025 | 57 |
| Q2 2025 | 40 |
| Q3 2025 | 42 |
| Q4 2025 | 40 |
| Q1 2026 | 36 |
| Q2 2026 | 37 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.69% |
| Q3 2024 | 9.48% |
| Q4 2024 | 9.21% |
| Q1 2025 | 9.00% |
| Q2 2025 | 9.12% |
| Q3 2025 | 9.37% |
| Q4 2025 | 9.58% |
| Q1 2026 | 9.99% |
| Q2 2026 | 10.22% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.46% |
| Q3 2024 | 0.88% |
| Q4 2024 | 1.14% |
| Q1 2025 | 1.52% |
| Q2 2025 | 3.31% |
| Q3 2025 | 3.13% |
| Q4 2025 | 4.59% |
| Q1 2026 | 6.06% |
| Q2 2026 | 6.39% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.13% |
| Q3 2024 | 0.95% |
| Q4 2024 | 0.96% |
| Q1 2025 | 1.37% |
| Q2 2025 | 1.11% |
| Q3 2025 | 1.18% |
| Q4 2025 | 1.13% |
| Q1 2026 | 0.77% |
| Q2 2026 | 0.74% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 37 | $840.3M | 10.22% | 6.39% | 0.74% | 90.8% |
| Q1 2026 | 36 | $846.5M | 9.99% | 6.06% | 0.77% | 93.3% |
| Q4 2025 | 40 | $845.5M | 9.58% | 4.59% | 1.13% | 89.1% |
| Q3 2025 | 42 | $855.7M | 9.37% | 3.13% | 1.18% | 90.2% |
| Q2 2025 | 40 | $863.3M | 9.12% | 3.31% | 1.11% | 92.1% |
| Q1 2025 | 57 | $857.6M | 9.00% | 1.52% | 1.37% | 89.6% |
| Q4 2024 | 57 | $874.2M | 9.21% | 1.14% | 0.96% | 90.6% |
| Q3 2024 | 62 | $789.0M | 9.48% | 0.88% | 0.95% | 85.1% |
| Q2 2024 | 59 | $752.7M | 9.69% | 1.46% | 1.13% | 88.7% |
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).
Similar-size banks in Utah
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The Pitney Bowes Bank, Inc.Bank Salt Lake City, UT | 84 out of 100, Strong | $796.3M | 12.4% | 0.44% | vs |
| Thrivent BankBank Salt Lake City, UT | 71 out of 100, Strong | $905.6M | 29.8% | 0.26% | vs |
| FinWise BankBank Murray, UT | 61 out of 100, Moderate | $915.5M | 18.1% | 5.11% | vs |
| Grand Valley BankBank Heber City, UT | 82 out of 100, Strong | $599.4M | 11.5% | 0.02% | vs |
| First Electronic BankBank Salt Lake City, UT | 91 out of 100, Very strong | $502.9M | 46.8% | 0.01% | vs |
| Milestone BankBank Salt Lake City, UT | 53 out of 100, Below average | $342.2M | 15.0% | 5.32% | vs |
Deposit insurance
Is my money safe at First Utah Bank?
Yes. First Utah Bank is an FDIC-insured institution (FDIC certificate #22738). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.0% of deposits ($123.7M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.22%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
7 locations
Branches
First Utah Bank lists 7 offices in 6 cities. Most locations:
- Salt Lake City, UT (2)
- Lehi, UT (1)
- Midvale, UT (1)
- Riverton, UT (1)
- Sandy, UT (1)
- West Valley City, UT (1)
Identity & history
Profile
- Legal name
- First Utah Bank
- Former names
- Cottonwood Security Bank
- Type
- State-chartered bank
- FDIC certificate #
- 22738
- RSSD ID
- 207872
- Primary regulator
- FDIC
- Holding company
- First Utah Bcorp
- Established
- October 19, 1978
- Headquarters
- 3826 S 2300 E, Salt Lake City, UT 84109
- Website
- www.firstutahbank.com
- Employees
- 110
Quick answers
First Utah Bank: common questions
Is First Utah Bank FDIC insured?
Yes. First Utah Bank is an FDIC-insured institution (FDIC certificate #22738). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is First Utah Bank's TellerScore?
37 out of 100 (Low), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has First Utah Bank ever failed?
There is no failure record for FDIC certificate #22738 in the FDIC failed bank list.
How many branches does First Utah Bank have?
7 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Salt Lake City
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Uintah Credit UnionCredit union Vernal, UT | 100 out of 100, Very strong | $3.9M | 21.3% | 0.00% | vs |
| Norfolk Fire Department Federal Credit UnionCredit union Norfolk, VA | 93 out of 100, Very strong | $26.8M | 20.1% | 0.41% | vs |
| Beckstrand and Associates Credit UnionCredit union Salt Lake City, UT | 93 out of 100, Very strong | $166K | 99.9% | — | vs |
| Optum Bank, Inc.Bank Draper, UT | 93 out of 100, Very strong | $21.4B | 13.2% | 0.21% | vs |
| Operating Engineers Local Union #3 Federal Credit UnionCredit union Livermore, CA | 92 out of 100, Very strong | $1.7B | 15.5% | 0.60% | vs |
| Wiremen'S Credit UnionCredit union Parma, OH | 92 out of 100, Very strong | $40.6M | 17.0% | 0.11% | vs |