Redemption Bank (FDIC certificate #21448) is based in Salt Lake City, Utah. Its Q2 2026 call report shows $77.5M in total assets and $62.9M in deposits and 1 office.
Redemption Bank has a TellerScore of 72 out of 100 (strong) based on Q2 2026 data — higher than only 45% of its 546 banks with under $100 million in assets. Among 45 banks headquartered in Utah, it ranks 27th. Capital cushion contributes the most (100/100, 18.55%); earnings contributes the least (9/100, -0.28%).
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 13 points (85 → 72), mostly because the earnings component weakened by 34 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 90 |
| Q3 2024 | 89 |
| Q4 2024 | 90 |
| Q1 2025 | 95 |
| Q2 2025 | 85 |
| Q3 2025 | 84 |
| Q4 2025 | 67 |
| Q1 2026 | 62 |
| Q2 2026 | 72 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 17.52% |
| Q3 2024 | 17.22% |
| Q4 2024 | 17.14% |
| Q1 2025 | 17.34% |
| Q2 2025 | 21.12% |
| Q3 2025 | 19.23% |
| Q4 2025 | 19.29% |
| Q1 2026 | 19.00% |
| Q2 2026 | 18.55% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.07% |
| Q3 2024 | 0.18% |
| Q4 2024 | 0.06% |
| Q1 2025 | 0.06% |
| Q2 2025 | 0.05% |
| Q3 2025 | 0.04% |
| Q4 2025 | 1.24% |
| Q1 2026 | 1.20% |
| Q2 2026 | 0.38% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.28% |
| Q3 2024 | 1.15% |
| Q4 2024 | 1.09% |
| Q1 2025 | 1.76% |
| Q2 2025 | 0.57% |
| Q3 2025 | 0.69% |
| Q4 2025 | 0.03% |
| Q1 2026 | -1.22% |
| Q2 2026 | -0.28% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 72 | $77.5M | 18.55% | 0.38% | -0.28% | 93.0% |
| Q1 2026 | 62 | $71.6M | 19.00% | 1.20% | -1.22% | 90.6% |
| Q4 2025 | 67 | $72.2M | 19.29% | 1.24% | 0.03% | 90.0% |
| Q3 2025 | 84 | $72.5M | 19.23% | 0.04% | 0.69% | 83.7% |
| Q2 2025 | 85 | $81.0M | 21.12% | 0.05% | 0.57% | 62.8% |
| Q1 2025 | 95 | $65.7M | 17.34% | 0.06% | 1.76% | 71.1% |
| Q4 2024 | 90 | $64.6M | 17.14% | 0.06% | 1.09% | 75.8% |
| Q3 2024 | 89 | $64.6M | 17.22% | 0.18% | 1.15% | 79.1% |
| Q2 2024 | 90 | $61.6M | 17.52% | 0.07% | 1.28% | 82.8% |
546 peers · Under $100 million in assets
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 |
|---|---|---|---|---|---|
| Stitch Bank, Inc.Bank Salt Lake City, UT | 80 out of 100, Strong | $11.4M | 27.8% | 0.00% | vs |
Deposit insurance
Is my money safe at Redemption Bank?
Yes. Redemption Bank is an FDIC-insured institution (FDIC certificate #21448). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 23.4% of deposits ($14.7M) are above the $250,000 FDIC insurance limit, above the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 18.55%, 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%).
1 location
Branches
Redemption Bank lists 1 office in 1 city. Most locations:
Identity & history
Profile
- Legal name
- Redemption Bank
- Former names
- Holladay Bank & Trust; Bank of Holladay
- Type
- State-chartered bank
- FDIC certificate #
- 21448
- RSSD ID
- 617275
- Primary regulator
- FDIC
- Holding company
- Redemption Holding Co
- Established
- February 20, 1974
- Headquarters
- 2020 E Murray Holladay Road, Salt Lake City, UT 84117
- Website
- www.redemptionbank.com
- Employees
- 16
Quick answers
Redemption Bank: common questions
Is Redemption Bank FDIC insured?
Yes. Redemption Bank is an FDIC-insured institution (FDIC certificate #21448). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Redemption Bank's TellerScore?
72 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 Redemption Bank ever failed?
There is no failure record for FDIC certificate #21448 in the FDIC failed bank list.
How many branches does Redemption Bank have?
1 office 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 |