Headquartered in Lehi, Utah, Happen Bank, National Association is a national bank with $12.5B in total assets and $10.9B in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1987.
Based on its Q2 2026 filing, Happen Bank, National Association scores 79/100, which we describe as strong. That is higher than 94% of 132 banks with $10 billion – $100 billion. Among 45 banks headquartered in Utah, it ranks 15th. Its strongest component is funding & liquidity (97/100; 63% loans-to-deposits, 12% uninsured), and its lowest is capital cushion (60/100; 10.98%).
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 rose 9 points (70 → 79), mostly because the earnings component improved by 35 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 63 |
| Q3 2024 | 63 |
| Q4 2024 | 61 |
| Q1 2025 | 64 |
| Q2 2025 | 70 |
| Q3 2025 | 72 |
| Q4 2025 | 72 |
| Q1 2026 | 77 |
| Q2 2026 | 79 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.55% |
| Q3 2024 | 10.31% |
| Q4 2024 | 10.30% |
| Q1 2025 | 10.38% |
| Q2 2025 | 10.83% |
| Q3 2025 | 10.85% |
| Q4 2025 | 10.68% |
| Q1 2026 | 10.89% |
| Q2 2026 | 10.98% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.25% |
| Q3 2024 | 1.13% |
| Q4 2024 | 1.34% |
| Q1 2025 | 1.08% |
| Q2 2025 | 0.98% |
| Q3 2025 | 0.95% |
| Q4 2025 | 0.96% |
| Q1 2026 | 0.90% |
| Q2 2026 | 0.82% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.52% |
| Q3 2024 | 0.53% |
| Q4 2024 | 0.49% |
| Q1 2025 | 0.46% |
| Q2 2025 | 0.94% |
| Q3 2025 | 1.17% |
| Q4 2025 | 1.22% |
| Q1 2026 | 1.75% |
| Q2 2026 | 1.82% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 79 | $12.5B | 10.98% | 0.82% | 1.82% | 63.1% |
| Q1 2026 | 77 | $11.8B | 10.89% | 0.90% | 1.75% | 63.6% |
| Q4 2025 | 72 | $11.5B | 10.68% | 0.96% | 1.22% | 62.6% |
| Q3 2025 | 72 | $11.0B | 10.85% | 0.95% | 1.17% | 60.8% |
| Q2 2025 | 70 | $10.7B | 10.83% | 0.98% | 0.94% | 62.3% |
| Q1 2025 | 64 | $10.3B | 10.38% | 1.08% | 0.46% | 60.9% |
| Q4 2024 | 61 | $10.5B | 10.30% | 1.34% | 0.49% | 60.9% |
| Q3 2024 | 63 | $10.8B | 10.31% | 1.13% | 0.53% | 63.1% |
| Q2 2024 | 63 | $9.4B | 10.55% | 1.25% | 0.52% | 62.3% |
132 peers · $10 billion – $100 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 |
|---|---|---|---|---|---|
| BMW Bank of North AmericaBank Salt Lake City, UT | 87 out of 100, Very strong | $13.8B | 13.2% | 0.09% | vs |
| Comenity Capital BankBank Draper, UT | 58 out of 100, Moderate | $13.9B | 12.8% | 3.21% | vs |
| WEX BankBank Sandy, UT | 78 out of 100, Strong | $10.7B | 8.9% | 0.44% | vs |
| Optum Bank, Inc.Bank Draper, UT | 93 out of 100, Very strong | $21.4B | 13.2% | 0.21% | vs |
| Sallie Mae BankBank Salt Lake City, UT | 74 out of 100, Strong | $28.5B | 10.2% | 0.65% | vs |
| SoFi Bank, National AssociationBank Cottonwood Heights, UT | 88 out of 100, Very strong | $56.8B | 13.3% | 0.08% | vs |
Deposit insurance
Is my money safe at Happen Bank, National Association?
Yes. Happen Bank, National Association is an FDIC-insured institution (FDIC certificate #32551). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 12.0% of deposits ($1.3B) are above the $250,000 FDIC insurance limit, below the peer median of 38%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.98%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.83% (benchmark: 10%).
2 locations
Branches
Happen Bank, National Association lists 1 office in 1 city. Most locations:
- Lehi, UT (1)
Identity & history
Profile
- Legal name
- Happen Bank, National Association
- Former names
- First Trade Union Savings Bank, FSB; LendingClub Bank, National Association; First Trade Union Bank; Radius Bank
- Type
- National bank
- FDIC certificate #
- 32551
- RSSD ID
- 264772
- Primary regulator
- OCC
- Holding company
- Happen Inc
- Established
- August 26, 1987
- Headquarters
- 2701 N Thanksgiving Way, Lehi, UT 84043
- Website
- www.happen.com
- Employees
- 1,093
Quick answers
Happen Bank, National Association: common questions
Is Happen Bank, National Association FDIC insured?
Yes. Happen Bank, National Association is an FDIC-insured institution (FDIC certificate #32551). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Happen Bank, National Association's TellerScore?
79 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Happen Bank, National Association ever failed?
There is no failure record for FDIC certificate #32551 in the FDIC failed bank list.
How many branches does Happen Bank, National Association have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Lehi
| 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 |
| Optum Bank, Inc.Bank Draper, UT | 93 out of 100, Very strong | $21.4B | 13.2% | 0.21% | 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 |
| Wiremen'S Credit UnionCredit union Parma, OH | 92 out of 100, Very strong | $40.6M | 17.0% | 0.11% | 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 |