State Bank of Southern Utah: how it compares with its peers
Against 13 UT banks with half to twice its assets, State Bank of Southern Utah's strongest measure in Q2 2026 is efficiency ratio (45.84% vs. a 39.05% peer median). Its weakest relative measure is net interest margin (4.22% vs. 6.17%).
| Measure | State Bank of Southern Utah | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.76% | 2.06% | Middle third Ahead of 38% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.22% | 6.17% | Bottom third Ahead of 15% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.84% | 39.05% | Middle third Ahead of 46% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.9M | $11.1M | Bottom third Ahead of 31% of peers |
| Loans to deposits Net loans and leases over total deposits. | 79.34% | 92.94% | Context |
What it means for lending operations
Its efficiency ratio of 45.84% is above the 39.05% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Medallion Bank Salt Lake City, UT · $2.83B
- WebBank Salt Lake City, UT · $2.86B
- Nelnet Bank Draper, UT · $3.00B
- Central Bank Provo, UT · $2.16B
- Square Financial Services, Inc. Salt Lake City, UT · $2.06B
- Cache Valley Bank Logan, UT · $3.49B
Questions about State Bank of Southern Utah
How big is State Bank of Southern Utah?
State Bank of Southern Utah, established in 1957, is headquartered in Cedar City, UT. It reported $2.74B in total assets in its Q2 2026 FDIC call report and operates 17 offices.
What is State Bank of Southern Utah's return on assets?
1.76% annualized in Q2 2026, against a 2.06% median for 13 UT banks with half to twice its assets, ahead of 38% of them.
What is State Bank of Southern Utah's efficiency ratio?
45.84% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 39.05%, and lower is better.
Is State Bank of Southern Utah growing its loans?
Net loans grew 4.6% over the year to Q2 2026, while deposits grew 5.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are UT banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Utah bank ranked.