Square Financial Services, Inc. is a state-chartered bank headquartered in Salt Lake City, Utah. At the end of Q2 2026 it reported $2.1B in total assets and $559.3M in deposits, with 1 office.
Square Financial Services, Inc. has a TellerScore of 84 out of 100 (strong) based on Q2 2026 data — higher than 95% of its 897 banks with $1 billion – $10 billion. Among 45 banks headquartered in Utah, it ranks 9th. Capital cushion contributes the most (100/100, 65.19%); funding & liquidity contributes the least (33/100, 230% loans-to-deposits, 30% uninsured).
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 3 points (81 → 84), mostly because the loan quality component improved by 19 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 74 |
| Q3 2024 | 77 |
| Q4 2024 | 80 |
| Q1 2025 | 76 |
| Q2 2025 | 81 |
| Q3 2025 | 81 |
| Q4 2025 | 79 |
| Q1 2026 | 82 |
| Q2 2026 | 84 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 67.49% |
| Q3 2024 | 66.20% |
| Q4 2024 | 64.75% |
| Q1 2025 | 67.20% |
| Q2 2025 | 62.39% |
| Q3 2025 | 61.65% |
| Q4 2025 | 60.58% |
| Q1 2026 | 61.54% |
| Q2 2026 | 65.19% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 2.15% |
| Q3 2024 | 1.89% |
| Q4 2024 | 1.37% |
| Q1 2025 | 1.94% |
| Q2 2025 | 1.23% |
| Q3 2025 | 1.20% |
| Q4 2025 | 1.16% |
| Q1 2026 | 0.97% |
| Q2 2026 | 0.67% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 22.76% |
| Q3 2024 | 21.88% |
| Q4 2024 | 20.76% |
| Q1 2025 | 21.50% |
| Q2 2025 | 23.76% |
| Q3 2025 | 29.09% |
| Q4 2025 | 31.51% |
| Q1 2026 | 38.77% |
| Q2 2026 | 37.85% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 84 | $2.1B | 65.19% | 0.67% | 37.85% | 230.0% |
| Q1 2026 | 82 | $1.8B | 61.54% | 0.97% | 38.77% | 212.9% |
| Q4 2025 | 79 | $1.7B | 60.58% | 1.16% | 31.51% | 183.9% |
| Q3 2025 | 81 | $1.4B | 61.65% | 1.20% | 29.09% | 179.9% |
| Q2 2025 | 81 | $1.2B | 62.39% | 1.23% | 23.76% | 159.7% |
| Q1 2025 | 76 | $1.0B | 67.20% | 1.94% | 21.50% | 138.7% |
| Q4 2024 | 80 | $931.1M | 64.75% | 1.37% | 20.76% | 139.8% |
| Q3 2024 | 77 | $882.1M | 66.20% | 1.89% | 21.88% | 106.7% |
| Q2 2024 | 74 | $816.1M | 67.49% | 2.15% | 22.76% | 111.2% |
897 peers · $1 billion – $10 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 |
|---|---|---|---|---|---|
| Central BankBank Provo, UT | 89 out of 100, Very strong | $2.2B | 15.4% | 0.47% | vs |
| Column National AssociationBank Salt Lake City, UT | 72 out of 100, Strong | $1.8B | 8.4% | 0.06% | vs |
| Transportation Alliance Bank, Inc. d/b/a TAB BankBank Ogden, UT | 60 out of 100, Moderate | $1.6B | 11.7% | 1.79% | vs |
| Quill BankBank Provo, UT | 68 out of 100, Moderate | $1.6B | 14.4% | 2.54% | vs |
| State Bank of Southern UtahBank Cedar City, UT | 79 out of 100, Strong | $2.7B | 12.0% | 0.47% | vs |
| Medallion BankBank Salt Lake City, UT | 88 out of 100, Very strong | $2.8B | 16.9% | 0.45% | vs |
Deposit insurance
Is my money safe at Square Financial Services, Inc.?
Yes. Square Financial Services, Inc. is an FDIC-insured institution (FDIC certificate #59177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 30.4% of deposits ($170.2M) are above the $250,000 FDIC insurance limit, close to the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 65.19%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 97.31% (benchmark: 10%).
1 location
Branches
Square Financial Services, Inc. lists 1 office in 1 city. Most locations:
Identity & history
Profile
- Legal name
- Square Financial Services, Inc.
- Type
- State-chartered bank
- FDIC certificate #
- 59177
- RSSD ID
- 5582846
- Primary regulator
- FDIC
- Established
- March 1, 2021
- Headquarters
- 3165 E Millrock Dr, Salt Lake City, UT 84121
- Employees
- 181
Quick answers
Square Financial Services, Inc.: common questions
Is Square Financial Services, Inc. FDIC insured?
Yes. Square Financial Services, Inc. is an FDIC-insured institution (FDIC certificate #59177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Square Financial Services, Inc.'s TellerScore?
84 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 Square Financial Services, Inc. ever failed?
There is no failure record for FDIC certificate #59177 in the FDIC failed bank list.
How many branches does Square Financial Services, Inc. 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 |