American Express National Bank
Sandy, Utah, Salt Lake County
$214B in total assets, the 22nd largest of 4,309 US banks and 2nd of 45 headquartered in Utah.
- FDIC certificate
- 27471
- Established
- 1989
- Owned by
- American Express Co
- Primary regulator
- OCC
- Website
- www.americanexpress.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $214B | 32% | $255B | |
| Loans | $172B | 61% | $144B | |
| Deposits | $172B | 32% | $225B | |
| Return on assets | 3.75% | 98% | 1.20% | |
| Net interest margin | 8.49% | 97% | 3.14% | |
| Efficiency ratio | 71.8% | 97% | 54.8% | |
| Equity to assets | 8.95% | 39% | 9.76% | |
| Loans to deposits | 100% | 97% | 73% |
Growth
Total assets grew 11.1% a year over the last 5 years and 19.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2018 | American Express Bank, FSB. Salt Lake City, UT, an affiliate under the same holding company | $55.0B |
| Jul 1996 | American Express Centurion Bank Wilmington, DE | $10.7B |
| Mar 1994 | IDS Deposit Corporation Midvale, UT | $112M |
Where they operate
1 branch in 1 county.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Salt Lake County, UT | $172B | 14.6% | 3 of 57 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No change since 2016. The bank has operated 1 branch throughout, with none opened, acquired, closed or sold.
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Consumer | 71% | 18% | |
| Business (C&I) | 28% | 18% | |
| Construction and land | 0% | 2% | |
| 1-4 family residential | 0% | 19% | |
| Multifamily | 0% | 3% | |
| Commercial real estate | 0% | 8% | |
| Other | 1% | 32% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 89% | 71% | |
| Time deposits | 10% | 13% | |
| Noninterest-bearing | 0% | 16% |
Brokered deposits are 13.7% of deposits (peers 6.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.63% | 0.86% |
| Net charge-offs, annualized | 2.41% | 0.35% |
| Reserves to loans | 3.26% | 1.39% |
| Leverage ratio | 8.84% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Utah
Largest competitors in Salt Lake 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/american-express