Redemption Bank: how it compares with its peers
Against 859 U.S. banks with half to twice its assets, Redemption Bank's strongest measure in Q2 2026 is net interest margin (5.64% vs. a 3.88% peer median). Its weakest relative measure is return on assets (-0.28% vs. 1.10%).
| Measure | Redemption Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | -0.28% | 1.10% | Bottom third Ahead of 6% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.64% | 3.88% | Top third Ahead of 97% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 99.96% | 66.92% | Bottom third Ahead of 7% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.8M | $6.4M | Bottom third Ahead of 24% of peers |
| Loans to deposits Net loans and leases over total deposits. | 93.00% | 72.36% | Context |
What it means for lending operations
Its efficiency ratio of 99.96% is above the 66.92% 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
- Marseilles Bank Marseilles, IL · $78M
- Citizens National Bank of Crosbyton Crosbyton, TX · $78M
- First Bank of Utica Utica, NE · $77M
- The First National Bank of Blanchester Blanchester, OH · $78M
- The Farmers State Bank Marcus, IA · $77M
- Citizens Savings Bank Marshalltown, IA · $78M
Questions about Redemption Bank
How big is Redemption Bank?
Redemption Bank, established in 1974, is headquartered in Salt Lake City, UT. It reported $78M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Redemption Bank's return on assets?
-0.28% annualized in Q2 2026, against a 1.10% median for 859 U.S. banks with half to twice its assets, ahead of 6% of them.
What is Redemption Bank's efficiency ratio?
99.96% in Q2 2026: it spent about 100 cents in noninterest expense for each dollar of revenue. The peer median is 66.92%, and lower is better.
Is Redemption Bank growing its loans?
Net loans grew 40.5% over the year to Q2 2026, while deposits shrank 5.2%.
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 U.S. 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.