Bank of Utah
Ogden, Utah, Weber County
$3.8B in total assets, the 359th largest of 4,309 US banks and 18th of 45 headquartered in Utah.
- FDIC certificate
- 17159
- Established
- 1952
- Owned by
- Bou Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.bankofutah.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 | $3.8B | 75% | $2.8B | |
| Loans | $3.0B | 81% | $1.5B | |
| Deposits | $3.0B | 69% | $2.3B | |
| Return on assets | 1.37% | 12% | 2.05% | |
| Net interest margin | 3.53% | 6% | 6.11% | |
| Efficiency ratio | 61.6% | 88% | 37.5% | |
| Equity to assets | 12.30% | 44% | 14.47% | |
| Loans to deposits | 100% | 60% | 92% |
Growth
Total assets grew 13.6% a year over the last 5 years and 14.3% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2018 | American Bank of Commerce Provo, UT | $96M |
| Sep 1999 | First Commerce Bank Logan, UT | $42M |
| Nov 1978 | Bank of Northern Utah Clearfield, UT | n/a |
| Nov 1978 | Bank of Brigham City Brigham City, UT | n/a |
| Apr 1974 | Bank of Ben Lomond Ogden, UT | n/a |
Where they operate
19 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Weber County, UT | $1.6B | 32.4% | 1 of 11 |
| Salt Lake County, UT | $409M | 0.0% | 31 of 57 |
| Utah County, UT | $285M | 1.0% | 10 of 16 |
| Davis County, UT | $265M | 6.1% | 6 of 13 |
| Cache County, UT | $152M | 4.6% | 6 of 10 |
| Box Elder County, UT | $130M | 22.1% | 2 of 6 |
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 5 branches since 2016 (14 to 19, +35.7%). 3 opened, 3 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 | |||
| 2017 | Opened Bountiful | 1 | 0 | +1 | 15 |
| 2018 | Acquired American Bank of Commerce | 3 | 0 | +3 | 18 |
| 2019 | Opened Salt Lake CityClosed Salt Lake City | 1 | 1 | 0 | 18 |
| 2021 | Opened Saint George | 1 | 0 | +1 | 19 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 38% | 21% | |
| Construction and land | 15% | 6% | |
| 1-4 family residential | 10% | 4% | |
| Business (C&I) | 4% | 24% | |
| Multifamily | 3% | 3% | |
| Consumer | 0% | 36% | |
| Other | 30% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 44% | 40% | |
| Time deposits | 28% | 40% | |
| Noninterest-bearing | 28% | 20% |
Brokered deposits are 11.6% of deposits (peers 29.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.11% | 0.60% |
| Net charge-offs, annualized | 0.23% | 0.75% |
| Reserves to loans | 1.19% | 1.77% |
| Leverage ratio | 12.74% | 14.92% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Utah
Largest competitors in Weber 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/utah