Cache Valley Bank
Logan, Utah, Cache County
$3.5B in total assets, the 382nd largest of 4,309 US banks and 19th of 45 headquartered in Utah.
- FDIC certificate
- 22134
- Established
- 1975
- Owned by
- Cache Valley Banking Co
- Primary regulator
- FDIC
- Website
- cachevalleybank.com
At a glance
Compared with 16 banks headquartered in Utah with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.5B | 69% | $2.8B | |
| Loans | $2.7B | 75% | $1.5B | |
| Deposits | $3.1B | 75% | $2.3B | |
| Return on assets | 2.02% | 50% | 2.04% | |
| Net interest margin | 4.45% | 31% | 6.11% | |
| Efficiency ratio | 39.0% | 56% | 37.5% | |
| Equity to assets | 10.47% | 19% | 14.47% | |
| Loans to deposits | 88% | 33% | 97% |
Growth
Total assets grew 3.4% a year over the last 5 years and 14.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2017 | Proficio Bank Cottonwood Heights, UT | $68M |
| Mar 2014 | The Village Bank Saint George, UT | $125M |
| Nov 2011 | SunFirst Bank Saint George, UT | $198M |
| May 2009 | America West Bank Layton, UT | $282M |
Where they operate
24 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cache County, UT | $1.3B | 40.5% | 1 of 10 |
| Washington County, UT | $724M | 18.3% | 3 of 10 |
| Davis County, UT | $199M | 4.6% | 7 of 13 |
| Salt Lake County, UT | $175M | 0.0% | 39 of 57 |
| Weber County, UT | $148M | 2.9% | 6 of 11 |
| Sanpete County, UT | $128M | 31.1% | 3 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 10 branches since 2016 (14 to 24, +71.4%). 11 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 14 | |||
| 2016 | Closed Ephraim | 0 | 1 | −1 | 13 |
| 2018 | Opened Bountiful and Hyrum | 2 | 0 | +2 | 15 |
| 2019 | Opened Smithfield | 1 | 0 | +1 | 16 |
| 2020 | Opened 4 in Utah | 4 | 0 | +4 | 20 |
| 2021 | Opened Preston | 1 | 0 | +1 | 21 |
| 2022 | Opened Salt Lake City | 1 | 0 | +1 | 22 |
| 2024 | Opened Cedar City | 1 | 0 | +1 | 23 |
| 2025 | Opened Lehi | 1 | 0 | +1 | 24 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 47% | 21% | |
| Construction and land | 17% | 6% | |
| 1-4 family residential | 16% | 4% | |
| Business (C&I) | 11% | 24% | |
| Farmland | 5% | 0% | |
| Multifamily | 2% | 3% | |
| Agricultural | 2% | 0% | |
| Consumer | 1% | 36% | |
| Other | 0% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 63% | 39% | |
| Noninterest-bearing | 24% | 20% | |
| Time deposits | 13% | 41% |
Brokered deposits are 0.0% of deposits (peers 30.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.16% | 0.60% |
| Net charge-offs, annualized | 0.09% | 0.75% |
| Reserves to loans | 1.28% | 1.77% |
| Leverage ratio | 10.68% | 14.92% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Utah
Largest competitors in Cache County, UT
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/cache-valley